The new mining facilities will add another 1.5GW to Hut 8’s footprint
Hut 8, one of North America’s largest Bitcoin mining companies, has announced plans to build four new mining facilities across the US, adding 1.5 gigawatts of power capacity to its operations. The new sites will be located in Texas, Louisiana, and Illinois, regions the company says are experiencing rapidly rising energy demand.
The expansion will more than double Hut 8’s current platform, which already runs at around 1 gigawatt and is reported to be 90% utilized. Following the news, the company’s Nasdaq-listed shares surged by more than 10% on Tuesday, reflecting investor optimism over the move.
CEO Asher Genoot said the buildout will allow Hut 8 not only to scale its Bitcoin mining operations but also to support other energy-heavy industries such as high-performance computing, artificial intelligence, and advanced manufacturing.
Hut 8’s announcement comes at a time when the US has cemented its role as the dominant force in global Bitcoin mining. According to fintech data firm OneSafe, American-based miners now control roughly 75% of the worldwide hashrate, and the industry generated more than 31,000 US jobs in 2024. Other major players include CleanSpark, Core Scientific, and Gryphon Digital Mining.
State-level policies are shaping the expansion. Texas requires facilities larger than 75 megawatts to register with its Public Utility Commission, part of ongoing efforts to balance energy grid stability with the arrival of major tech firms.
Louisiana has recently passed legislation welcoming industrial Bitcoin mining while also banning central bank digital currencies, framing the sector as a driver of economic growth. Illinois, by contrast, has yet to adopt specific mining laws, though several sites are already active in areas such as Bloomington-Normal and Effingham.
Hut 8, also the parent company of American Bitcoin, maintains a footprint in both the US and Canada. The addition of these four facilities underscores how rapidly the company is positioning itself to capture demand in an industry where energy availability and regulatory climates play increasingly critical roles.
