- Sector: Financial Services
- Industry: Capital Markets
- Full Time Employees: 248
- Founded in 2020
- HQ in Miami, Florida
- https://www.hut8.com
Hut 8 (HUT) is transitioning from a pure-play Bitcoin miner to a diversified AI and energy infrastructure company. Following its original 2018 IPO, the company has pivoted to focus on high-efficiency data centers and AI compute services. As of early 2026, Hut 8 is heavily investing in large-scale AI infrastructure, including a massive $7 billion data center project in Louisiana.
Key Details as of April 2026:
- Business Focus: Shifting to AI compute services, colocation, and energy infrastructure, while maintaining significant Bitcoin reserves (approx. 13,696 BTC).
- Major Project:A 15-year lease agreement signed in late 2025 for a 245-megawatt (MW) AI data center in Louisiana, with potential for expansion up to 1,000 MW.
- Stock Performance: The stock has seen significant volatility, often tied to Bitcoin prices and AI, with highs in early 2026.
- Expansion: Expanding footprint with a new office in Dubai to explore international growth.
Hut 8 was formerly known for being one of the first publicly traded, pure-play cryptocurrency miners. However, the current strategy centers on leveraging its power assets for high-performance computing (HPC) and AI workloads.
