Hut 8 (HUT) announced plans to develop four new sites across the United States. The expansion positions the company to meet growing demand from energy-intensive use cases while scaling and diversifying its platform across strategic energy markets. Upon commercialization of the sites, Hut 8 expects its platform to exceed 2.5 gigawatts of capacity under management across 19 sites. In connection with the expansion, Hut 8 is reclassifying 1,530 megawatts of capacity related to these sites from Capacity Under Exclusivity into a new category: Capacity Under Development.
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