Hut 8 Corp., a Bitcoin mining and energy infrastructure company, has announced an ambitious expansion plan in the United States, involving the development of four new sites with a combined capacity of over 1.5 gigawatts (GW). This move aims to position the company to capitalize on the increasing demand for energy-intensive applications while also diversifying its platform across strategic energy markets. Following the announcement on Tuesday, August 26, 2025, Hut 8's stock experienced a surge, climbing as much as 10.5%.

The expansion will significantly increase Hut 8's operational footprint. The four new sites, located in Louisiana, Texas and Illinois, range in scale from 50 MW to 1,000 MW. Once these sites are operational, Hut 8 anticipates managing over 2.5 GW of capacity across 19 locations. The company is reclassifying 1,530 MW of capacity related to these sites from "Capacity Under Exclusivity" to "Capacity Under Development".

According to Hut 8, the expansion sites were selected based on their near-term power access and their potential to support commercialization across various advanced technologies. These include high-performance computing, Bitcoin mining, next-generation manufacturing and other industrial applications. Beyond mining, it also supplies energy to the artificial intelligence sector.

Hut 8 is securing $330 million in new credit facilities from Two Prime and Coinbase to accelerate its expansion into U.S. data centers. The company is also exploring project-level financing with banks for specific data center developments. Hut 8 has a diversified liquidity base totaling up to $2.4 billion, including $1.2 billion in Bitcoin reserves. The company also launched a $1 billion at-the-market equity program last week.

CEO of Hut 8, Asher Genoot, described the 1.5 gigawatts of new development capacity as "the first phase of execution against a multi-gigawatt energy origination pipeline that underpins our long-term growth trajectory". Genoot also stated that the expansion marks a defining step in Hut 8's evolution into one of the largest energy and digital infrastructure platforms.

This expansion comes at a time when U.S. miners are increasing their control over the global hash rate. As of June 30, 2025, approximately 90% of Hut 8's existing 1.02 GW platform was already contracted. The company's expansion is a response to growing demand from prospective customers across energy-intensive sectors.

Hut 8's stock market performance has been positive. On Tuesday afternoon, HUT shares were trading higher by 11.43% at $26.14. The stock has a 52-week high of $31.95 and a 52-week low of $8.73.

Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. The company acquires, designs, builds, manages, and operates data centers that power compute-intensive workloads. Hut 8 is the parent company of American Bitcoin, a Bitcoin mining and treasury company. The majority of its US facilities are located in Texas.