Hut 8 Secures $330 Million to Develop 1.53 GW of Bitcoin Mining Capacity

Hut 8, a company specializing in digital infrastructure and Bitcoin mining, has secured significant funding to expand its operations in the United States. The funding, totaling $330 million, will be used to unlock 1.53 gigawatts (GW) of previously exclusive capacity across four data centers in the US. This move is part of Hut 8’s ambitious growth plan and aims to establish it as a major player in the digital infrastructure space. The company plans to scale its operations beyond Bitcoin mining, capitalizing on the growing demand for AI-powered computing resources.