Hut 8 — Power-First Bitcoin Infrastructure Platform

Hut 8 is a Nasdaq- and Toronto-listed energy-infrastructure company that owns, develops, and operates power, data-center, and compute assets. The company separates its platform into power, digital infrastructure, and compute businesses, with bitcoin mining conducted through facilities and its majority-owned American Bitcoin subsidiary. In June 2025 Hut 8 energized the 205-megawatt Vega facility in Texas for liquid-cooled ASIC computing. It also reported a roughly 1,020-megawatt platform at mid-2025 and advanced four additional US sites totaling about 1.53 gigawatts into development, while later 2026 transactions commercialized major campuses for artificial-intelligence tenants. These figures include assets with different uses and stages, not solely operating mining load. Hut 8 also holds bitcoin on its balance sheet and has used bitcoin-backed credit for corporate liquidity. Counterparties should distinguish between Hut 8, American Bitcoin, joint ventures, and third-party managed sites, then verify land title, utility rights, contracted use, energization status, and the entity responsible for construction or hosting.