CryptoMediaClub
Monday, October 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bitcoin Miner Hut 8 to Build Four New Sites, Adding 1.5 GW Capacity

27.08.2025
A A
0
119
VIEWS
ShareShare

Bitcoin miner Hut 8 has announced plans to develop four new sites across the United States, adding 1.53 gigawatts (GW) of utility capacity to its platform.

Key Takeaways:

  • Hut 8 is developing four new U.S. sites, adding 1.53 GW of capacity.
  • The expansion will more than double its managed capacity to 2.5 GW across 19 sites.
  • Texas hosts the largest project, a 1,000 MW site under ERCOT.

The projects, spanning Louisiana, Texas, and Illinois, will advance from “Capacity Under Exclusivity” into a newly introduced category called “Capacity Under Development.”

Once commercialized, Hut 8 expects its platform to exceed 2.5 GW of capacity under management across 19 sites, more than doubling its current scale, according to a Tuesday press release.

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

— Hut 8 (@Hut8Corp) August 26, 2025

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.

The post Bitcoin Miner Hut 8 to Build Four New Sites, Adding 1.5 GW Capacity appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns
All news

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
0

Ethereum co-founder Vitalik Buterin issued a stark reminder that while blockchain security prevents even a majority of validator collusion from...

Read moreDetails
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

26.10.2025
Load More
Next Post
Crypto Transaction Volume in Iran Fell by 11% in 2025

Crypto Transaction Volume in Iran Fell by 11% in 2025

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

William Shatner Predicts Where Crypto Will Be When We Reach the Star Trek Years (Consensus 2023 LIVE)

3 years ago
JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

5 months ago
Hong Kong and Philippines Launch Wholesale CBDCs

Hong Kong and Philippines Launch Wholesale CBDCs

2 years ago
Do Kwon Pleads Guilty to Fraud, Accepts 12-Year Sentence & $19M Fine – Is Justice Served for Terra Investors?

Do Kwon Pleads Guilty to Fraud, Accepts 12-Year Sentence & $19M Fine – Is Justice Served for Terra Investors?

3 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

72-Hour Countdown: Snorter Bot Token Must Sell Out Before Claim Goes Live

Fed Rate Cut Odds Jump to 97% as CPI Comes in Cool at 3% – Bullish for BTC?

Trending

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns
All news

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
0

Ethereum co-founder Vitalik Buterin issued a stark reminder that while blockchain security prevents even a majority of...

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

26.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz