Bitcoin Miner Hut 8 Expands: 1.5 GW Across Texas, Louisiana, Illinois

Hut 8 Corp. unveiled plans to develop four new energy-intensive infrastructure sites across the United States, marking a significant leap in capacity and geographic diversification. The initiative shifts roughly 1,530 megawatts from “Capacity Under Exclusivity” into a newly created “Capacity Under Development” segment, positioning the company to more than double its operational footprint. Once commercialized, Hut 8 expects to manage over 2.5 gigawatts across 19 sites.

The new sites include a 300 megawatt campus in River Bend, Louisiana, under the Midcontinent Independent System Operator, a massive 1,000 megawatt project in Texas within the ERCOT grid, another 180 megawatt facility also in Texas under ERCOT, and a 50 megawatt project in Illinois under PJM, the Pennsylvania–New Jersey–Maryland Interconnection.

Each of these locations was chosen for its ready access to energy, alignment with regional demand growth, and suitability for high-density compute workloads that span artificial intelligence, machine learning, and high-performance computing. As Hut 8 Chief Executive Officer Asher Genoot emphasized, the shift from exclusivity into development reflects the company’s intent to scale rapidly, broaden its geographic presence, and capture demand from industries increasingly reliant on energy-intensive infrastructure.

To underscore this pivot, the company has introduced a new classification, Capacity Under Development, designed to highlight late-stage projects where land and power agreements are being executed, engineering and design are advancing, and commercialization is already underway. In addition to the 1,530 megawatts now under development, Hut 8 manages 1,020 megawatts of live infrastructure and continues to review a further 6,815 megawatts that remain under diligence. This brings the company’s total pipeline to more than 10.6 gigawatts, a scale that few competitors can currently match.

Hut 8 underscored the significance of its latest move by pointing to both the scale and strategic reach of the projects now entering development. “This expansion marks a defining step in Hut 8’s evolution into one of the largest energy and digital infrastructure platforms in the world,” said Asher Genoot, CEO of Hut 8. “By advancing more than 1.5 gigawatts of capacity 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. In addition to driving scale, this expansion is designed to broaden our geographic footprint.”

The financial base behind this expansion appears substantial. Hut 8 reports up to US$2.4 billion in liquidity as of late August 2025, a mix of cash, Bitcoin holdings, credit facilities, and an at-the-market equity program. This liquidity, the company argues, provides the balance sheet flexibility required to not only develop these new campuses but also to secure contracts that will guarantee recurring revenue streams across the AI and HPC markets.

The market reacted quickly to the announcement, with investors viewing the expansion as a notable step toward strengthening Hut 8’s position as a power-first digital infrastructure operator. The company’s growing mix of colocation agreements in both Bitcoin mining and high-performance computing is seen as a pathway to margin expansion and a potential re-rating as the projects move from development to operation.

This latest announcement also reflects the broader evolution of Hut 8’s business model. In the first quarter of 2025, the company already managed 1,020 megawatts across 15 sites, following its merger with US Bitcoin Corp. The rebrand earlier this year emphasized a “power-first, platform-driven” strategy, designed to integrate energy, infrastructure, and compute layers into a unified model. In February 2025, Hut 8 also secured 592 acres in Louisiana for its River Bend campus, which represented a 430 megawatt pipeline for AI-focused data centers. Its Vega site, announced in parallel, was slated to go live in the second quarter of 2025, highlighting the company’s steady cadence of expansion.

Taken together, these developments show that Hut 8 is no longer positioning itself solely as a Bitcoin miner but as a multi-layer digital infrastructure operator capable of supplying energy, compute, and scalability for industries far beyond crypto. By expanding to nearly two dozen sites and committing capital on such a large scale, the company is making a bet that demand for power-hungry applications will continue to grow, and that securing grid access across multiple regions in advance will provide a lasting competitive advantage.

Hut 8’s expansion signals a shift in the digital infrastructure landscape. With over 10.6 gigawatts in its pipeline and more than 2.5 gigawatts projected under management once the new facilities are commercialized, the company is staking a claim as one of the largest energy-infrastructure players operating at the nexus of crypto, AI, and cloud. The announcement highlights the increasing convergence of digital asset companies and broader compute industries, where power and infrastructure have become the ultimate bottlenecks in a data-driven economy.