Hut 8 go add 1.5GW for US Bitcoin Mining Power

Hut 8, wey dey Nasdaq for list as Bitcoin mining plus energy services company, go expand im US operations wit four new modular sites for Texas, Louisiana and Illinois. Dem go add 1.5GW Bitcoin mining capacity to meet the rising demand for high-performance computing and AI workloads. The existing 1GW platform dey used upto 90%, and total managed capacity go pass 2.5GW across 19 sites. The expansion na funded through $2.4 billion liquidity, which include more than 10,000 BTC reserves, a $200 million Two Prime credit line, repriced $130 million Coinbase facility and $1 billion ATM equity program. Dem secure land and power arrangement already, and physical construction dey ongoing. At the same time, Hut 8 go spin off their joint venture American Bitcoin Corp.—wey get 61,000 rigs for 11 US sites—through all-stock merger wit Nasdaq-listed Gryphon Digital Mining. Shares rise 10.5% on announcement day, showing say investors trust the company's US expansion plan beyond crypto mining.