On July 20, Hut 8 rose 5% in pre-market trading.

On the news front, Hut 8 announced that its 1-gigawatt Beacon Point data center campus in Texas has achieved full commercialization through the signing of a second 15-year lease valued at $9.8 billion. Each lease contains three five-year renewal options, and if all are exercised, the campus-level total contract potential value could climb to approximately $50.2 billion. The first $9.8 billion lease was signed in early May and triggered a 32% single-day surge at the time.

The announcement marks a significant recovery catalyst for the stock, which had been under sustained pressure since mid-July with cumulative declines exceeding 15%, driven by concerns over Meta's strategic pivot into AI compute supply that threatened independent compute leasing providers' pricing power. The full commercialization of the 1GW facility locks in long-term, stable revenue streams and reinforces Hut 8's competitive position in digital infrastructure.

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