Hut 8 signs agreement for West Texas site with 205 MW capacity

Hut 8 has entered into a power purchase agreement and other definitive agreements for a site in West Texas with exclusive access to 205 megawatts of immediately available power capacity and land. The PPA and site give Hut 8 access to some of the lowest locational wholesale power pricing in North America. The site is positioned to support a variety of high-density compute applications, including Bitcoin mining and AI. Hut 8 is finalizing a commercialization plan for the site with the aim of maximizing its value. Upon closing, subject to the satisfaction of customary conditions, this transaction is expected to expand Hut 8’s energy infrastructure platform to approximately 1.3 gigawatts of capacity owned and managed across self-mining, hosting, managed services, high performance computing, and power generation.