Beacon Point Phase 2 commercialization and total campus contract value

Subject kind: facility timeline
Statement date: 2026-07-20
Promised amount: 19.6 USD
Current status: stated

The claim, verbatim

Second 352 megawatt IT lease commercialized by July 20, 2026, bringing total Beacon Point campus base-term contract value to $19.6 billion

Source (primary)

Hut 8 Craters 11% Despite a $19.6B Beacon Point Backlog, TeraWulf Falls 5%, IREN Drops 3%: What's Pressuring These AI Miner Stocks? - 24/7 Wall St. (-, news_article)
View cached copy (2026-08-31)Live source ↗

Quote: “By July 20, the company had fully commercialized the campus with a second 352 megawatt IT lease, bringing campus-level base-term contract value to $19.6 billion.”

How we checked this

Attempted on September 14, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of the publisher (https://247wallst.com/investing/2026/08/21/hut-8-craters-11-despite-a-19-6b-beacon-point-backlog-terawulf-falls-5-iren-drops-3-whats-pressuring-these-ai-miner-stocks/) in full (13,254 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Hut 8 Craters 11% Despite a $19.6B Beacon Point Backlog, TeraWulf Falls 5%, IREN Drops 3%: What's Pressuring These AI Miner Stocks? - 24/7 Wall St.

Quote: “By July 20, the company had fully commercialized the campus with a second 352 megawatt IT lease, bringing campus-level base-term contract value to $19.6 billion.”

View cached copy (2026-08-31)Live source ↗