Hut 8 announces expansion of a 1.5GW Bitcoin Mining Farm in the US, stock price rises 10%

GateNews

2025-08-26 23:52:53

BTC-1,14%

Odaily News Hut 8, a Bitcoin mining company, announced that it will build four new Mining Farms in Texas, Louisiana, and Illinois, adding 1.5 GW of Computing Power capacity to meet the demands of energy-intensive scenarios, including Bitcoin Mining and artificial intelligence computation. Following the announcement, Hut 8’s Nasdaq stock price briefly rose by 10.5%. Currently, the company’s existing 1 GW capacity is 90% utilized. Hut 8 CEO Asher Genoot stated that this move will more than double the company’s platform size to respond to the rapidly growing energy demand. (Cointelegraph)

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