Hut 8 to acquire four Canadian power plants and a new Bitcoin mining farm
Hut 8 announced it will further accelerate its growth by acquiring four Canadian power plants and a new Bitcoin mining site. The company's subsidiary, BidCo, has won the bid to acquire Ontario gas-fired power plants and the North Bay Bitcoin mine owned by Validus Power Corp. The total capacity of the four power plants is 310 megawatts (MW), and the bidding amount has not been disclosed. It is reported that the transaction is scheduled to be completed in January, pending court approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US stocks erase Monday losses after Bessent calls China trade situation ‘unsustainable’
While Treasury Secretary Scott Bessent expects de-escalation in the future, he said negotiations have not yet started
Small-cap stocks are adding Solana exposure
Struggling stocks revive fortunes with Solana treasury buys
Total cryptocurrency market value exceeds $3 trillion
OpenAI's goal of reorganizing as a for-profit company hits roadblock
Trending news
MoreCrypto prices
More








