Bitcoin News Today: Hut 8's $330M Push Unlocks 1.5 GW Expansion, Fueling AI and Bitcoin Era

Hut 8, a Nasdaq-listed Bitcoin miner and energy infrastructure developer, has announced a major expansion of its U.S. operations, including four new data center projects totaling 1.53 gigawatts (GW) of capacity. The projects, located in Louisiana, Texas, and Illinois, represent a significant step in the company’s strategy to grow beyond Bitcoin mining into broader digital infrastructure. The expansion will bring Hut 8’s total platform capacity under management to over 2.5 GW across 19 sites upon commercialization, positioning the firm as a major player in energy and digital infrastructure [1].

The four new sites span a range of scales, from 50 MW to 1 GW, with the largest site, the River Bend Project in Louisiana, expected to add 300 MW. In Texas, two projects are planned, with capacities of 1 GW and 180 MW, respectively, while a 50 MW project will be developed in Illinois. The projects have been reclassified from “exclusivity” to “development,” indicating that Hut 8 has secured land and power agreements and is now advancing into design and commercialization phases [1].

To finance the expansion, Hut 8 has secured $330 million in non-dilutive capital through new credit facilities. These include a $200 million revolving credit facility with digital asset investment firm Two Prime and an upsized, repriced $130 million credit line with Coinbase. The weighted average cost of these facilities is 8.4%, providing Hut 8 with a solid foundation to fund the projects without issuing additional equity [4]. In addition, the company recently launched a $1 billion at-the-market equity program, offering further flexibility to raise capital as needed. Hut 8 also holds more than 10,000 Bitcoin, valued at approximately $1.2 billion, which it views as a reserve asset to secure loans or generate yield [4].

The company’s total available liquidity is estimated at up to $2.4 billion, combining cash, credit, Bitcoin, and its equity program. Hut 8’s CEO, Asher Genoot, emphasized that the 1.5 GW expansion is “the first phase of execution against a multi-gigawatt energy origination pipeline” and is designed to more than double the scale of the company’s platform [1]. The projects are expected to serve energy-intensive use cases, including Bitcoin mining, high-performance computing, and industrial applications. With its existing 1 GW capacity already 90% utilized, the new sites are expected to meet growing demand from prospective customers.

Hut 8’s strategic move reflects broader industry trends, with U.S. Bitcoin miners collectively controlling 75.4% of the global hashrate as of 2025 [3]. The expansion also aligns with rising investor interest in data center firms, driven by surging demand for computing power to support artificial intelligence innovation. Hut 8’s stock surged more than 10% following the announcement, reaching a seven-month high near $26 per share [3]. Analysts have noted the potential for the company’s stock to be “materially re-rated” as the new facilities come online and are contracted for AI and HPC workloads [3].

The company’s long-term pipeline includes over 10.6 GW of capacity in various stages of development, with more than 6.8 GW still under evaluation. This expansion into new geographic markets also underscores Hut 8’s focus on diversifying its footprint across energy-intensive regions where demand is expected to grow rapidly. The projects are part of a broader strategy to evolve into one of the largest energy and digital infrastructure platforms in the world, according to Genoot [1].

Source:

[1] Hut 8 announces four data center projects totaling 1.5GW ... (https://www.datacenterdynamics.com/en/news/hut-8-announces-four-data-center-projects-totaling-15gw-across-us/)

[2] Bitcoin Miner Hut 8 Announces 1.5GW Expansion in the ... (https://cointelegraph.com/news/bitcoin-miner-hut-8-expansion-in-us-stock-rises)

[3] Bitcoin Miner Hut 8 Surges 10% on 1.5GW Expansion Plans (https://www.coindesk.com/business/2025/08/26/bitcoin-miner-hut-8-surges-10-on-1-5gw-expansion-plans)

[4] Hut 8 Secures $330M Credit from Two Prime, Coinbase to ... (https://theminermag.com/news/2025-08-26/hut-coinbase-two-prime-gigawatt)

[5] Hut 8 (HUT) Stock: Bitcoin Miner Rallies 10% on Major U.S. ... (https://www.mexc.co/en-IN/news/hut-8-hut-stock-bitcoin-miner-rallies-10-on-major-u-s-expansion-plans/75564)