Hut 8 Expands Bitcoin Mining Empire with Four New US Sites - Strategic Power Play

Bitcoin mining giant Hut 8 just dropped the hammer—four new US facilities coming online in a major capacity expansion.

Scaling the Operation

The move signals aggressive growth positioning as mining economics shift post-halving. More sites mean more hash rate—and more leverage in the competitive mining landscape.

Power Plays and Profit Margins

Strategic location selection likely targets low-energy-cost regions. Because in mining, electricity isn't just an expense—it's the entire game. Meanwhile, traditional finance still can't decide if Bitcoin's a commodity, security, or existential threat.

Bottom line: Hut 8 isn't waiting for permission—they're building. While Wall Street debates ETFs, the miners are busy plugging in the machines.

Expansion beyond mining via American Bitcoin

While Hut 8 pivots toward infrastructure and diversified compute, the company retains direct exposure to the Bitcoin mining sector via American Bitcoin Corp., a standalone mining venture it helped launch earlier this year in partnership with Eric TRUMP and Donald Trump Jr.

Hut 8 is the majority shareholder in the venture, which was formed through a restructuring deal that transferred 61,000 mining rigs and 11 U.S.-based sites to the new entity. Hut 8 holds an 80% stake, while the Trump brothers control the remaining 20% through a related entity.

According to Genoot, via American Bitcoin, Hut 8 is able to streamline its operations by carving out its mining business into a focused, capital-efficient entity, thereby freeing the parent company to concentrate on infrastructure and treasury strategy.

American Bitcoin has quickly grown into one of the better-funded mining ventures in the United States and recently raised $220 million from private investors to scale its operations and accumulate Bitcoin.

It plans to go public via an all-stock merger with Gryphon Digital Mining, a Nasdaq-listed firm, with the deal expected to close next month.