Bitcoin Miner Hut 8 to Build Four New Sites, Adding 1.5 GW
1Bitcoin Mining
HUT 8
Mining
The projects, spanning Louisiana, Texas, and Illinois, will advance from “Capacity Under Exclusivity” into a newly introduced category called “Capacity Under Development.”
Crypto Journalist
Amin Ayan
Crypto Journalist
Amin Ayan
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Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has...
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Bitcoin miner Hut 8 has announced plans to develop four new sites across the United States, adding 1.53 gigawatts (GW) of utility capacity to its platform.
Key Takeaways:
Hut 8 is developing four new U.S. sites, adding 1.53 GW of capacity.
The expansion will more than double its managed capacity to 2.5 GW across 19 sites.
Texas hosts the largest project, a 1,000 MW site under ERCOT.
The projects, spanning Louisiana, Texas, and Illinois, will advance from “Capacity Under Exclusivity” into a newly introduced category called “Capacity Under Development.”
Once commercialized, Hut 8 expects its platform to exceed 2.5 GW of capacity under management across 19 sites, more than doubling its current scale, according to a Tuesday press release.
Texas Leads Hut 8 Expansion with 1,000 MW Site.
The four projects vary in size from 50 MW to 1,000 MW. The largest, located in Texas, falls under the Electric Reliability Council of Texas (ERCOT) with 1,000 MW of available utility capacity.
A second Texas site adds 180 MW, while a Louisiana site under Midcontinent Independent System Operator (MISO) contributes 300 MW.
The final 50 MW site is in Illinois within the PJM Interconnection. Collectively, the 1,530 MW represents the first phase of a broader multi-gigawatt pipeline.
Hut 8 said the sites were chosen for near-term power access and flexibility to support diverse customer requirements, including advanced data infrastructure and next-generation compute.
To reflect its progress, Hut 8 has added “Capacity Under Development” to its project framework.
This category applies to late-stage projects where land and power agreements are in place and design and buildout are underway.
As of August 25, 2025, Hut 8 reported 10,620 MW across its pipeline: 6,815 MW under diligence, 1,255 MW under exclusivity, 1,530 MW under development, and 1,020 MW already commercialized.
CEO Asher Genoot said the expansion is designed to strengthen the firm’s geographic footprint in regions of rising energy demand.
“By advancing more than 1.5 gigawatts from exclusivity into development, we position ourselves to more than double the scale of our platform and address accelerating demand across energy-intensive use cases,” Genoot said.
Hut 8 Outlines $2.4B Funding Strategy for Expansion.
Hut 8 plans to fund the projects with a mix of reserves, credit facilities, and equity flexibility.
As of August 25, the company held $2.4 billion in liquidity, including $1.2 billion in Bitcoin reserves (10,278 BTC). It also has a new $200 million revolving credit facility with Two Prime and an expanded $130 million facility with Coinbase.
In addition, Hut 8 launched a $1 billion at-the-market (ATM) equity program, replacing a prior program that was only partially used.
As reported, over half of the world’s Bitcoin mining operations still trace their origins to China, with 55% to 65% of mining linked to Chinese...
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