Overview

• Hut 8 moved four U.S. projects into development after securing land and power, with work now focused on design and commercialization.
• The new sites in Texas, Louisiana and Illinois are slated to add more than 1.5 GW, lifting total managed capacity to over 2.5 GW across 19 locations.
• Financing options disclosed include borrowing against roughly 10,000 BTC, a $200 million revolving credit line, an expanded $130 million Coinbase facility and a $1 billion at-the-market equity program.
• The company frames the buildout to serve bitcoin mining and high-performance computing workloads as its existing ~1 GW platform is nearly 90% utilized.
• Hut 8’s Nasdaq-listed shares rose by roughly 10%—as much as 10.5%—following the announcement.