Bitcoin Miner Hut 8 Plans 1.5GW Expansion, Shares Jump 10%

TLDR Hut 8 is expanding its operations by adding 1.5 gigawatts of capacity across new sites in Texas, Louisiana, and Illinois. The expansion aims to address the growing demand for energy-intensive operations like Bitcoin mining and high-performance computing. Hut 8’s current mining capacity of 1 gigawatt is nearly 90% utilized, highlighting the need for further [...]

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