Hut 8, a Bitcoin mining company, plans to establish four additional facilities, increasing its capacity by 1.5 GW.

Bitcoin miner Hut 8 has revealed intentions to establish four additional sites throughout the United States, contributing 1.53 gigawatts (GW) of utility capacity to its infrastructure.

Key Takeaways:

• Hut 8 is initiating the development of four new locations in the U.S., which will add 1.53 GW of capacity.
• This expansion will more than double its managed capacity to 2.5 GW across 19 locations.
• The largest project is situated in Texas, featuring a 1,000 MW site under ERCOT.

The initiatives, located in Louisiana, Texas, and Illinois, will transition from “Capacity Under Exclusivity” to a newly established category termed “Capacity Under Development.”

Upon commercialization, Hut 8 anticipates that its platform will surpass 2.5 GW of capacity under management across 19 locations, effectively more than doubling its existing scale, as stated in a press release on Tuesday.

Texas Leads Hut 8 Expansion with 1,000 MW Site

The four projects range in size from 50 MW to 1,000 MW. The largest, based in Texas, operates under the Electric Reliability Council of Texas (ERCOT) with 1,000 MW of available utility capacity.

A second site in Texas contributes an additional 180 MW, while a Louisiana site under the Midcontinent Independent System Operator (MISO) adds 300 MW.

The final site, with a capacity of 50 MW, is located in Illinois within the PJM Interconnection. Together, the 1,530 MW marks the initial phase of a larger multi-gigawatt pipeline.

Hut 8 indicated that the sites were selected for their immediate power access and adaptability to meet various customer needs, including advanced data infrastructure and next-generation computing.

Today, we announced plans to develop four new sites across the United States, advancing 1,530 MW in our pipeline from exclusivity into development. The sites are expected to diversify Hut 8’s geographic footprint and position the company to meet growing demand from prospective… pic.twitter.com/ZSLhsxRAGA

— Hut 8 (@Hut8Corp) August 26, 2025

To signify its advancements, Hut 8 has incorporated “Capacity Under Development” into its project framework.

This category pertains to late-stage projects where land and power agreements are secured, and design and construction are in progress.

As of August 25, 2025, Hut 8 reported a total of 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 operational.

CEO Asher Genoot stated that the expansion aims to enhance the company’s geographic presence in areas experiencing increasing 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 remarked.

Hut 8 Outlines $2.4B Funding Strategy for Expansion

Hut 8 intends to finance the projects through a combination of reserves, credit facilities, and equity flexibility.

As of August 25, the firm reported $2.4 billion in liquidity, which includes $1.2 billion in Bitcoin reserves (10,278 BTC). Additionally, it has secured a new $200 million revolving credit facility with Two Prime and an expanded $130 million facility with Coinbase.

Moreover, Hut 8 has initiated a $1 billion at-the-market (ATM) equity program, replacing a previous program that was only partially utilized.

As previously reported, over half of the global Bitcoin mining operations still trace back to China, with 55% to 65% of mining associated with Chinese capital, hardware, or expertise, according to Uminers CEO Batyr Hydyrov.

Despite China’s mining ban in 2021, significant Chinese players have retained influence by relocating their operations abroad.

Leading Chinese manufacturers Bitmain, Canaan, and MicroBT, which account for 99% of Bitcoin mining hardware, have moved production to the U.S. to evade tariffs, contributing to an increase in America’s share of Bitcoin’s total hashrate from 4% in 2019 to 38% today.

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