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 is facing backlash from the crypto ecosystem as it tries to garner support Bitcoin miner Hut 8 shares fell over 23% on January 18, the same day an unverified report accused that insiders are readying to dump the firm’s stock. Hut 8 stock tumbled from $9.30 to as low as $7.10 per share
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