According to BlockBeats news on August 26, as reported by theminermag, Hut 8 plans to develop four large infrastructure projects in the United States, advancing a total capacity of 1,530 megawatts (MW), which is part of its strategy to expand from Bitcoin mining to a broader digital infrastructure. These new projects are located in Louisiana, Texas, and Illinois, with capacities ranging from 50 MW to 1,000 MW, which will bring Hut 8's potential pipeline total capacity to over 10 GW. Once operational, this latest expansion will increase Hut 8's platform management capacity to 19 sites, exceeding 2.5 GW.
To support this construction plan, Hut 8 is utilizing various financing channels, including a new $200 million revolving credit facility signed with digital asset investment firm Two Prime, as well as a $130 million credit facility expanded and repriced with Coinbase.
