Overview

• Hut 8 detailed four developments in Texas, Louisiana, and Illinois totaling more than 1.5 GW, lifting managed capacity to over 2.5 GW across 19 locations.
• The projects were reclassified from exclusivity to development after the company secured land and power agreements and advanced design and commercialization.
• Funding will draw on roughly $2.4 billion of liquidity, including borrowing against about 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 existing 1 GW platform is about 90% utilized, and the new sites are positioned to support high-performance computing and AI workloads in addition to bitcoin mining.
• Hut 8 retains direct mining exposure through majority-owned American Bitcoin, which is raising capital and preparing a planned public merger.