Hut 8 Expands 1.5 GW In U.S., Stock Surges Over 10%

Hut 8 Mining Corp (HUT) – a leading Bitcoin mining and digital energy infrastructure company – has announced a major expansion plan, adding over 1.5 GW of new capacity across four sites in the United States. With this move, the company’s total capacity will exceed 2.5 GW across 19 locations.

Following the announcement, HUT shares jumped more than 10%, reaching nearly $26 – the highest level in seven months – despite Bitcoin (BTC) prices remaining below $110,000.

Expanding Energy Infrastructure

According to CEO Asher Genoot, this marks a new chapter for Hut 8, positioning the company as one of the largest global platforms in digital infrastructure and energy. The new projects have advanced to the development phase, including land agreements, secured power deals, design, and commercialization steps.

Financing The Expansion

To fund this ambitious plan, Hut 8 aims to raise up to $2.4 billion through multiple sources:

 - Pledging 10,000 BTC (valued at approximately $1.1 billion).

 - A $200 million revolving credit facility.

 - An expanded $130 million loan from Coinbase.

 - A $1 billion at-the-market equity offering.

Strong Investor Outlook

Investment bank Roth Capital called this a breakthrough move that could significantly re-rate HUT’s stock valuation, especially as the new sites come online and provide infrastructure services for AI and high-performance computing (HPC).

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