Hut 8 (HUT) stock jumped 10%+ to a 7-month high near $26, after announcing four new U.S. sites that will add 1.5 GW of power capacity.
What to know #BTCWhalesMoveToETH
Expansion boosts total capacity to 2.5 GW across 19 sites.
Projects upgraded from “exclusivity” → “development” (land + power deals secured).
Financing:$BTC
10K BTC stash (~$1.1B)
$200M credit line
$130M Coinbase facility
$1B equity raise
🚀 Why It Matters
Demand for AI + high-performance computing driving investor interest in data center firms.
Follows Google’s $3.2B AI infra deal with TeraWulf.
Roth Capital: expansion could “materially re-rate the stock” as contracts roll in.
🗣️ CEO Asher Genoot:#BTCWhalesMoveToETH
“This expansion marks a defining step in Hut 8’s evolution into one of the largest energy and digital infrastructure platforms in the world.”
⚡ AI + Bitcoin mining convergence is heating up. Hut 8 positioning itself as a crypto + AI infra giant.