Hut 8 Expands Mining Empire: Four New Sites to Boost Capacity by Massive 1.5 GW

Bitcoin mining giant Hut 8 just dropped the hammer on expansion plans.

Scaling Against All Odds

While regulators waffle and traditional finance hedges, miners keep building infrastructure that actually matters. Four new facilities coming online represent pure operational aggression—adding enough power to run a small country.

That 1.5 GW capacity boost isn't just numbers on a spreadsheet; it's physical proof that Bitcoin's backbone strengthens regardless of Wall Street's mood swings. Mining operations don't wait for Fed signals or ETF approvals—they plug in and produce.

Meanwhile, bankers still debate whether digital gold deserves a spot in their nineteenth-century portfolios.

Texas Leads Hut 8 Expansion with 1,000 MW Site

The four projects vary in size from 50 MW to 1,000 MW. The largest, located in Texas, falls under the Electric Reliability Council of Texas (ERCOT) with 1,000 MW of available utility capacity.

A second Texas site adds 180 MW, while a Louisiana site under Midcontinent Independent System Operator (MISO) contributes 300 MW.

The final 50 MW site is in Illinois within the PJM Interconnection. Collectively, the 1,530 MW represents the first phase of a broader multi-gigawatt pipeline.

Hut 8 said the sites were chosen for near-term power access and flexibility to support diverse customer requirements, including advanced data infrastructure and next-generation compute.

Today, we announced plans to develop four new sites across the United States, advancing 1,530 MW in our pipeline from exclusivity into development. The sites are expected to diversify Hut 8's geographic footprint and position the company to meet growing demand from prospective… pic.twitter.com/ZSLhsxRAGA

To reflect its progress, Hut 8 has added “Capacity Under Development” to its project framework.

This category applies to late-stage projects where land and power agreements are in place and design and buildout are underway.

As of August 25, 2025, Hut 8 reported 10,620 MW across its pipeline: 6,815 MW under diligence, 1,255 MW under exclusivity, 1,530 MW under development, and 1,020 MW already commercialized.

CEO Asher Genoot said the expansion is designed to strengthen the firm’s geographic footprint in regions of rising energy demand.

“By advancing more than 1.5 gigawatts from exclusivity into development, we position ourselves to more than double the scale of our platform and address accelerating demand across energy-intensive use cases,” Genoot said.

Hut 8 Outlines $2.4B Funding Strategy for Expansion

Hut 8 plans to fund the projects with a mix of reserves, credit facilities, and equity flexibility.

As of August 25, the company held $2.4 billion in liquidity, including $1.2 billion in Bitcoin reserves (10,278 BTC). It also has a new $200 million revolving credit facility with Two Prime and an expanded $130 million facility with Coinbase.

In addition, Hut 8 launched a $1 billion at-the-market (ATM) equity program, replacing a prior program that was only partially used.

As reported, over half of the world’s bitcoin mining operations still trace their origins to China, with 55% to 65% of mining linked to Chinese capital, hardware, or expertise, according to Uminers CEO Batyr Hydyrov.

Despite China’s 2021 mining ban, key Chinese players have maintained influence by relocating operations overseas.

Major Chinese manufacturers Bitmain, Canaan, and MicroBT, responsible for 99% of Bitcoin mining hardware, have shifted production to the U.S. to avoid tariffs, helping boost America’s share of Bitcoin’s total hashrate from 4% in 2019 to 38% today.