Hut 8
A Miami-headquartered energy infrastructure company, listed on Nasdaq and the TSX as HUT, that develops power, data center campuses and compute capacity for energy-intensive technologies such as AI and high-performance computing. It began as a Bitcoin miner and now describes itself as a power-first platform.
It grew out of Hut 8 Mining, which moved into Bitcoin mining in 2017 with a power agreement and construction commitment in Medicine Hat, Alberta, and combined with US Bitcoin Corp in a merger of equals to form the US-based Hut 8 Corp. Asher Genoot is its chief executive. In 2025 it launched American Bitcoin as a majority-owned venture with Eric Trump, and in December 2025 it announced River Bend, a Louisiana AI campus whose first phase is a 245 MW IT deployment under a roughly $7 billion, 15-year lease with Fluidstack, with Anthropic as the end user and Google backing, as press reports say.
In its third-quarter 2026 results (4 November 2026) it reported revenue of $71.1 million, said a second 352 MW lease at its Beacon Point campus brought expected base-term contract value there to about $19.6 billion, and said its board added $750 million to its share buyback, taking the programme to $1.0 billion.
SourceSocial platforms