Core Viewpoint - Hut 8 Corp. has entered into a power purchase agreement for a site in West Texas, gaining exclusive access to 205 megawatts of power capacity, marking the first transaction from its previously announced development pipeline of 1,100 megawatts [1]. Group 1: Company Overview - Hut 8 Corp. operates as a vertically integrated energy infrastructure operator and Bitcoin miner, with a portfolio of nineteen sites across North America, including ten Bitcoin mining and hosting sites, five high-performance computing data centers, and four power generation assets [2]. Group 2: Transaction Details - The new site is adjacent to a wind farm and connected to the ERCOT grid, providing access to some of the lowest locational wholesale power pricing in North America [8]. - Upon closing, the transaction is expected to expand Hut 8's energy infrastructure platform to approximately 1.3 gigawatts of capacity across various operations, including self-mining and managed services [9]. Group 3: Strategic Approach - The CEO of Hut 8 emphasized the company's differentiated approach to securing new energy capacity through partnerships, which addresses the commercial, legal, and regulatory challenges of stakeholders involved in the project [6]. - The company is finalizing a commercialization plan for the new site to maximize its value and support high-density compute applications, including Bitcoin mining and AI [8].

Marks first transaction to convert from Hut 8's previously announced development pipeline of 1,100 megawatts of energy capacity under exclusivity Data center engineering, procurement, and construction efforts underway The PPA and site, which is adjacent to a wind farm and connected to the ERCOT grid, give Hut 8 access to some of the lowest locational wholesale power pricing in North America. The site has an existing, operational substation, and engineering, procurement, and construction efforts for a new da ...

Miami, July 01, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, is pleased to announce it has closed its previously announced $150 million convertible note investment from a fund managed by Coatue Management, L.L.C. ("Coatue"). This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor sha ...

Miami, July 01, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, is pleased to announce it has closed its previously announced $150 million convertible note investment from a fund managed by Coatue Management, L.L.C. ("Coatue"). Additional Transaction Information Hut 8 Corp. is an energy infrastructure operator and Bitcoin miner with self-minin ...

The annual Russell U.S. Indexes reconstitution captures the 4,000 largest U.S. stocks as of Tuesday, April 30th, 2024, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalizatio ...

MIAMI, June 27, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of U.S. equity markets on Monday, July 1st, 2024, according to a preliminary list of additions posted June 21st, 2024. The annual Rus ...

MIAMI, June 24, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, today announced that it has entered into a definitive agreement with a fund managed by Coatue Management, L.L.C. ("Coatue") pursuant to which Coatue has agreed to invest $150 million into the Company through a convertible note (the "Note"). The Company and Coatue have entered into ...

Many traditional data center operators are failing to meet the surging demand for AI compute capacity due to power shortages, long lead times to bring new capacity online, and the extensive upgrades required for existing data centers to support the latest generation of high-density compute. Hut 8 believes it can leverage its proven ability to develop and operate complex energy infrastructure to address unmet demand and emerge as a leader in the AI infrastructure market. Cautionary Note Regarding Forward-Loo ...

The Bitcoin rally is expected to resume soon as the halving event was completed earlier this year. The halving event, which occurs every four years, reduces the block reward by 50%, aiming to cap the total supply of Bitcoin at 21 million coins. This reduction in the rate of new Bitcoin supply typically increases demand for cryptocurrencies, often resulting in a price surge. Hence, investors are showing interest Hut 8 stock, driving it higher. Earnings and revenue growth expectations certainly give a good se ...

Core Insights - Pizza Hut has launched its Chicago Tavern-Style Pizza and a significant toppings transformation, marking the largest toppings menu overhaul in over a decade [1][8] - The new Tavern Pizza is a first for a global pizza chain and includes innovative toppings such as Chicken Sausage, Pesto Swirl, and Spicy Sauce [1][9] Product Details - The Chicago Tavern-Style Pizza features a thin-crust style cut into squares, with four recipes: Pesto Margherita, The Ultimate, Spicy Chicken Sausage, and Double Pepperoni [2][3] - Each pizza is designed to be shareable and snackable, with a cracker-thin crust loaded with toppings for a flavorful experience [2] Toppings Transformation - The toppings menu has been revamped with eight new permanent additions, including Spicy Marinara Sauce, Pesto Sauce Swirl, Chicken Sausage, Fresh Diced Garlic, Grape Tomatoes, Caramelized Onions, Fire Roasted Peppers, and Crispy Cupped Pepperoni [14] - These new toppings can be used on the Tavern-style pizzas or selected for custom orders [14] Pricing and Availability - The new Chicago Tavern-Style Pizza can be ordered starting at $12.00 for a large pizza at participating locations nationwide [10]