All articles tagged with #hut 8
Hut 8 announced a partnership with Anthropic and Fluidstack to develop up to 2,295 MW of AI data center infrastructure in the US, starting with a 245 MW deployment at its Louisiana site, aiming to support hyperscale AI development and expand capacity by early 2027.
The Supreme Court of British Columbia has granted final approval for Canadian Bitcoin mining firm Hut 8 to proceed with its planned merger with US Bitcoin (USBTC). The merger will result in the formation of Hut 8 Corporation, or "New Hut," a publicly traded US-based business. The deal is subject to the approval of USBTC shareholders and other outstanding requirements. Hut 8 expects the merger to be completed by the end of 2023, with plans to list shares on the Nasdaq and Toronto stock exchanges. Hut 8 recently relocated mining rigs from an inactive facility in Ontario to Texas due to a legal dispute.
Hut 8 Mining, a Canadian Bitcoin mining company, has secured a $50 million credit facility from Coinbase Credit to maintain its Bitcoin treasury management strategy going into the halving. The loan provides a $15 million term loan and an option for two additional delayed-draw term loan tranches. Hut 8 CEO Jaime Leverton stated that the credit facility provides the firm with additional financial flexibility and ensures that they can maintain their dynamic Bitcoin treasury management strategy going into the halving. Hut 8 has remained true to its "long-standing HODL strategy" and held a total of 9,133 self-mined Bitcoin held in custody as of March 31, 2023.