Hut 8 Lands $330 Million Financing Package to Scale Bitcoin Infrastructure Across US

Mining powerhouse Hut 8 has locked down substantial capital to fuel an ambitious digital infrastructure buildout spanning multiple U.S. states. The company is moving forward with four utility-scale projects in Louisiana, Texas, and Illinois, collectively delivering 1,530 megawatts of new capacity—a massive leap in its operational footprint.

The financing architecture reveals an interesting dual-source strategy. Hut 8 has inked a $200 million revolving credit facility with investment firm Two Prime, while simultaneously securing a $130 million credit package (expanded and repriced terms) from a major digital asset investment entity. Combined, these facilities provide the fuel for what could reshape the company’s infrastructure position.

Once these four projects go live, Hut 8’s operational reach will expand dramatically. The company currently manages a 19-site network with over 2.5 GW of active capacity—this latest build-out pushes its total pipeline to exceed 10 GW. To put that in perspective, individual project sizes range from modest 50 MW installations to a heavyweight 1,000 MW facility, indicating Hut 8 is pursuing both distributed and concentrated infrastructure models.

What’s particularly notable is the strategic pivot underway. Hut 8 started as a Bitcoin mining specialist, but this expansion signals a broader play in digital infrastructure itself. The company is essentially betting that the economics of hosting, energy management, and compute infrastructure will become as valuable as mining operations alone. With energy costs representing the largest operational expense in crypto mining, controlling large-scale infrastructure gives Hut 8 more leverage in the sector’s future consolidation.

The 1,530 MW expansion represents a meaningful vote of confidence from major financial players in both traditional and digital asset spaces—a signal that institutional capital sees long-term viability in scaled mining operations, particularly in states with favorable energy profiles and regulatory environments.