Hut 8 Finalizes Acquisition of Four Power Generation Facilities in Partnership with Macquarie

MIAMI, Feb. 15, 2024 (GLOBE NEWSWIRE) - Hut 8 Corp. HUT, a leading entity in North America's digital asset mining sector and provider of advanced computing infrastructure, has officially completed the acquisition of four power generation facilities, which together boast a significant capacity of 310 MW. This strategic move, undertaken in partnership with global financial services group Macquarie MCQEF, marks a milestone for Hut 8 in further cementing its position within the industry.

Expansion of Hut 8's Infrastructure

With this transaction, HUT is set to expand its already robust infrastructure, enabling the company to enhance its digital asset mining capabilities, particularly in Bitcoin CRYPTO:BTC. The acquisition, performed under the stalking horse agreement previously disclosed, illustrates Hut 8's aggressive approach toward growth and investment in high-performance computing resources.

Strategic Advantages for Future Growth

The addition of the new power generation facilities aligns with HUT's long-term strategy for scalability and sustainability in its operations. This endeavor not only increases the company’s control over its energy sources but also presents opportunities for cost reductions and operational efficiency improvements. Moreover, the partnership with Macquarie MCQEF grants HUT access to a wealth of expertise in infrastructure projects, promising a synergistic relationship that supports both entities' objectives in the burgeoning digital asset landscape.

acquisition, infrastructure, growth