$330 Million Financing Deal Backs Hut 8’s Massive 1.5 GW Growth Plan in the US

Hut 8 has secured $330 million in new credit from Two Prime and Coinbase to fund a major U.S. expansion, with plans to build four large-scale sites across Louisiana, Texas, and Illinois totaling 1,530 megawatts of capacity.

The projects will lift Hut 8’s pipeline to over 10 gigawatts and expand its managed platform to more than 2.5 gigawatts across 19 sites once operational. Backed by a $200 million revolving credit facility, a $130 million upsized line with Coinbase, and liquidity resources of up to $2.4 billion including 10,000 BTC, Hut 8 is positioning itself as a broader digital infrastructure player beyond bitcoin mining, with a focus on high-performance computing and energy-intensive technologies.

Clever Robot News Desk 31^th August 2025