what's Hut 8 Corp.?
Hut 8 Corp. is a North American digital infrastructure company specializing in Bitcoin mining and high-performance computing (HPC). Founded in 2018, it operates a portfolio of energy assets, data centers, and mining facilities across Canada and the United States, focusing on sustainable power sources to support cryptocurrency mining operations. The company emphasizes a "HODL" strategy, retaining mined Bitcoin on its balance sheet to build long-term reserves rather than immediate sales. In addition to core Bitcoin mining, Hut 8 has expanded into managed services, hosting for third-party miners, and emerging technologies like AI compute infrastructure. It manages significant hashrate capacity through self-owned and partnered sites, utilizing advanced ASIC miners to secure the Bitcoin network. The company's vertically integrated model includes power generation, cooling systems, and digital asset management, positioning it as a key player in the evolution of crypto mining toward diversified energy-efficient solutions. Hut 8 is publicly traded and has pursued strategic mergers, such as with US Bitcoin Corp., to scale operations and enhance its footprint in the digital asset ecosystem. Its infrastructure supports not only proof-of-work mining but also broader applications in blockchain and compute-intensive workloads.
Hut 8 Corp. sold over 80,000 BTC in late July 2025 for a legacy holder via Galaxy.
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Sold over 80,000 BTC in late July 2025 on behalf of a legacy holder through Galaxy, representing one of the largest single distributions from early-era Bitcoin whales.
Is included in a planned 2x leveraged ETF alongside other Bitcoin mining companies.
Expanded Bitcoin-backed credit facility with Coinbase from an unspecified prior amount to $200M for general corporate purposes.
Signed a $7 billion, 15-year triple-net lease deal with Fluidstack and Anthropic AI for AI/HPC colocation with contract value of approximately $28-29 million per MW and guided net operating income of approximately $1.85 million per MW per year.
Stock loses more than 10% during Monday morning U.S. trading session as Bitcoin plunges to $86,000.
Holds 13,696 BTC in treasury, ranking third among major public mining companies behind MARA Holdings (53,250 BTC) and Riot Platforms (19,324 BTC).
MSCI preliminary list from October 2025 flags Hut 8 for potential exclusion from major JPMorgan endorsed indexes for exceeding 50% digital asset holdings, with final decision on January 15, 2026.
Sells 310 MW Ontario power portfolio to TransAlta for $95M, with transaction expected to close Q1 2026 and CFO noting the Macquarie co-owned assets were not core to current strategy.
HUT gains 10% leading all miners today. Jim Cramer states American Bitcoin investors could potentially lose everything.
JonesResearch reaffirms $67 price target and Buy rating citing 1.23 GW total power generation capacity across three sites. Analyst warns of near-term risk from Dec 3 ABTC lock-up expiration releasing 156 million shares, creating potential selling pressure on Hut 8's 63.3% stake valued at $2.81 billion.
Rosenblatt issues BUY rating with $65 price target; Benchmark defends recent 13% selloff as "short-sighted" following record quarter results.
Hut 8 joins the top-10 public BTC treasuries with holdings surpassing 13,000 BTC.
MARA and Hut 8 report surging Q3 profits alongside growing Bitcoin reserves.
American Bitcoin acquires 1,414 BTC worth $163 million, bringing total holdings to 3,865 BTC ($445 million); the company was formed in March when Hut 8 exchanged its mining hardware for equity stake.
Bitcoin miners see 5-10% price bounce today, with HUT ranking 8th out of 10 major miners in combined social mentions and 24-hour price performance. (ID: 1981450050355229000)
Bitcoin miners experience broad sector weakness with negative price action across all mining stocks. (ID: 1981052603971645738)
JonesResearch issues buy rating to HUT alongside WULF and RIOT, while maintaining hold ratings on competing miners CIFR, IREN, MARA, and CLSK.
Stock falls 9.66% in a sector-wide selloff affecting Bitcoin mining stocks after recent period of strength.
Stock hits 52-week high among crypto equities sector, with no names at 52-week lows.
BlackRock and Nvidia acquire Aligned Data Centers for $40B at $8M per MW valuation; HUT trades at $3M per MW on total capacity basis, with 150-500% equity upside potential if project finance becomes accessible.
Listed among 8 Bitcoin mining stocks that ranked in the top 50 performing stocks today, showing strong market performance.
Purchases tokens from Trump family-linked crypto project WLFI at $0.25 each for treasury reserves, marking a diversification beyond traditional Bitcoin holdings.
Vest Markets launches 24/7 leveraged trading for HUT with up to 10x leverage, zero fees, and no KYC requirements.
Coatue Management invests $150 million in the company, marking another major institutional bet on AI transition in crypto-mining.
New data center expansion targets AI/HPC market while American Bitcoin plans IPO next month.
Holds 10,000 BTC ($1.1B) with $300M debt against $3B market cap, while maintaining $5.7B stake in American Bitcoin Corp.
Plans 1.53 GW capacity expansion across three U.S. states, bringing total to 2.5 GW across 19 sites.
American Bitcoin Corp announces merger with Gryphon Digital Mining, receives Winklevoss investment, with post-merger ownership of 98% split between Trump family and parent company.
New partnership gives Hut 8 80% ownership in American Bitcoin's upcoming stock listing, currently operating 9.3 EH/s mining capacity producing 32 BTC weekly.
Secures 310MW power capacity for mining operations.
Opens Dubai office to expand global presence and capital deployment opportunities.
Signs 5-year power capacity contracts with Ontario grid operator for gas-fired plants
American Bitcoin raises $220M for Bitcoin and mining equipment acquisition, including $10M equity sold in Bitcoin.
Bitmain leases 15 EH/s capacity with purchase options in 3 tranches; facility powered by onsite wind and ERCOT grid.
Currently holds 10,264 BTC, ranking as 7th largest public company Bitcoin holder.
Mining stocks surge 10-20% following CoreWeave's $4B OpenAI deal, indicating positive sentiment in the data center sector.
All-stock merger announced with Gryphon Digital Mining, resulting in 98% ownership retention and 11% price surge to $15.45. Deal closes Q3 2025.
ATM and buyback programs simultaneously authorized.
Mining company reports $134M net loss in Q1 2024 amid strategic restructuring
Mining production share continues to decline since July 2023, while competitors MARA, CLSK, RIOT, and IREN gain market share.
March 2025 production of 88 BTC ranks lowest among reporting Bitcoin miners, trailing market leader's 829 BTC by significant margin.
New Bitcoin mining venture launches with Eric Trump partnership, plans public listing and Bitmain collaboration.
New Bitcoin mining entity launches through collaboration with Eric Trump, aiming to become largest pure-play miner.
New mining venture American Bitcoin launches with Trump family investors and plans for future public listing.
Partnership with Trump's American Data Centers confirmed; broker suggests potential hyperscaler acquisition in pipeline.
New American Bitcoin mining firm launches with Trump family backing.
New mining venture 'American Bitcoin' launches through partnership with Trump Jr. and Eric Trump.
Strategic pivot transforms business model to energy allocation while retaining 10K BTC; American Bitcoin operations spinning out as separate entity with independent capital raising.
Bought 990 Bitcoin for $100M, bringing total holdings to over 10,000 BTC valued at $1B.
Purchased 990 bitcoins at average price of $101,710 for $100M total, bringing holdings to 10,096 BTC (~$1B). Plans to use reserve for options, pledges, or sales strategies.
Earnings announcement scheduled for tomorrow.