Hut 8’s Growth Strategy in the Crypto Space: What’s the Plan?
Hut 8 is making waves in the cryptocurrency mining landscape. They’ve scored $330 million in credit from Two Prime and Coinbase. What does this mean for them? This funding is geared towards speeding up their growth in U.S. data centers. Specifically, they’re moving 1.53 gigawatts of capacity into active development, which will put them among the biggest publicly traded companies focusing on digital infrastructure. Their total platform capacity could exceed 2.5 gigawatts across 19 sites. But is this growth sustainable in the long run?
What’s the Focus of Hut 8’s New Strategy?
The shift isn’t all about mining; they’re diversifying. Hut 8 plans to move from just Bitcoin mining to also providing high-performance computing (HPC) and AI…
