Hut 8, a leading Bitcoin mining company, is set to boost its US operations by developing four new sites across Louisiana, Texas, and Illinois. This expansion will add 1.53 GW of utility capacity, pushing the company's managed capacity to 2.5 GW across 19 locations. The projects vary in size, including a massive 1,000 MW site in Texas and smaller sites in Louisiana and Illinois. Hut 8 aims to meet growing energy demands by advancing these late-stage projects from capacity exclusivity to active development. The company plans to fund this growth through a mix of liquidity reserves, credit lines, and equity programs, leveraging its strong financial base and significant Bitcoin holdings.
Continue to read Hut 8 Expands US Footprint with Four New Bitcoin Mining Sites Adding 1.53 GW Capacity
Hut 8, a leading Bitcoin mining company, is set to boost its US operations by developing four new sites across Louisiana, Texas, and Illinois. This expansion will add 1.53 GW of utility capacity, pushing the company's managed capacity to 2.5 GW across 19 locations. The projects vary in size, including a massive 1,000 MW site in Texas and smaller sites in Louisiana and Illinois. Hut 8 aims to meet growing energy demands by advancing these late-stage projects from capacity exclusivity to active development. The company plans to fund this growth through a mix of liquidity reserves, credit lines, and equity programs, leveraging its strong financial base and significant Bitcoin holdings.
Continue to read Hut 8 Expands US Footprint with Four New Bitcoin Mining Sites Adding 1.53 GW Capacity
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