Hut 8 Doubles Down on Bitcoin Mining with $1.5B Expansion in US

Hut 8, a leading Bitcoin mining company, has announced a significant expansion plan, adding 1.5 gigawatts of capacity across Texas, Louisiana, and Illinois. The expansion follows the company’s current 1-gigawatt platform, which is operating at nearly 90% capacity. This strategic move will allow Hut 8 to meet growing demand for its services as it diversifies into energy-intensive industries such as artificial intelligence.