Hut 8 Welcomes New CFO and Announces Major Expansion

Sean Glennan appointed as CFO while the company reveals plans for a 205 MW site in Texas, enhancing its energy infrastructure.

Sean Glennan will join Hut 8 as CFO on August 21, 2024, following Shenif Visram's departure for personal reasons.
Hut 8's new Texas site will add 205 megawatts of power capacity, adjacent to a wind farm.
The company has achieved significant cost reductions through optimization efforts and software deployment.
Hut 8 now manages 1.3 gigawatts of power capacity across its platform.
The firm continues to advance its Cedarvale project, with new capacity being brought online in 50 MW tranches.