Hut 8 Operations Update for March 2025

Core Insights - Hut 8 Corp. has achieved a significant operational milestone with a 102% increase in deployed hashrate from an average of 4.6 EH/s in February 2025 to 9.3 EH/s by the end of March 2025 [1][3] - The company has improved fleet efficiency by 31%, reducing the average from 29.3 J/TH in February 2025 to 20.1 J/TH by the end of March 2025 [1][3] - The launch of American Bitcoin, a standalone mining entity in partnership with Eric Trump, marks a strategic shift for Hut 8 [3][5] Operational Metrics - Total energy capacity under management remains at 665 MW [4] - Total deployed miners increased from 109.2K in February 2025 to 120.8K in March 2025 [4] - Total hashrate under management rose from 12.3 EH/s in February 2025 to 16.9 EH/s in March 2025 [4] - Bitcoin production increased from 46 BTC in February 2025 to 88 BTC in March 2025 [4] Strategic Developments - The operational progress has set the stage for the carveout of ASIC miners into American Bitcoin, which is designed for scale, speed, and capital efficiency [3][5] - Hut 8 will shift to a quarterly reporting cadence instead of monthly operational updates, aligning with industry standards [3][5] - The ASIC miners operated for American Bitcoin will generate revenue across two segments: Managed Services and ASIC Colocation [3][5]