Hut 8 confirmed its increased capital-raising capacity, allowing it to gather up to $1 billion for new ventures in artificial intelligence.
Funding Increase to $1 Billion
According to the latest SEC filing, Hut 8 has doubled its equity raise capacity, enabling the company to secure up to $1 billion in fresh funding.
AI Campus Construction in Louisiana
Construction has already begun in Louisiana on a colossal $2.5 billion AI campus covering over 600 acres. The site will feature two data halls the size of football stadiums, designed to meet the soaring demand for GPU-driven computing. The first facility is slated to go live by late 2025, with the second set to follow two years later.
Strategic Shift from Mining to AI
Hut 8's pivot highlights the pressure facing miners: higher energy costs, increasing competition, and volatile Bitcoin prices have thin margins. By expanding into AI, the company hopes to stabilize revenue and future-proof its business.
Hut 8 aims to secure a position among America's leading AI infrastructure providers while maintaining its status as one of Bitcoin's largest treasury firms.
