Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Hut 8 to acquire four Canadian power plants and a new Bitcoin mining farm

Hut 8 to acquire four Canadian power plants and a new Bitcoin mining farm

CointimeCointime2023/12/13 01:27
By:Cointime

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

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

Blockworks2025/04/23 10:00

Small-cap stocks are adding Solana exposure

Struggling stocks revive fortunes with Solana treasury buys

Blockworks2025/04/23 10:00