Hut 8 Secures Financing to Advance 1.53 GW of Digital Infrastructure Projects

Hut 8 Mining Corp. is mobilizing fresh capital to transition 1.53 gigawatts of exclusive capacity into active development across four U.S. sites. The MOVE marks the company's most aggressive expansion strategy yet, with projected total platform capacity exceeding 2.5 GW across 19 locations upon completion.

Since Tuesday's announcement, Hut 8's stock has surged 9%, reflecting market Optimism about its positioning among top-tier public digital infrastructure developers. The reclassified projects include a 300 MW Louisiana campus, Texas facilities totaling 1,180 MW, and a 50 MW Illinois site - collectively representing a major leap in operational scale.

The expansion accelerates Hut 8's pivot into energy-intensive computing markets. Following its $2.5 billion Louisiana AI data center groundbreaking earlier this year, these developments confirm the miner's strategic bet on converging demand for cryptocurrency mining and high-performance compute infrastructure.