Hut 8 has announced that its development portfolio has now surpassed 5 gigawatts, with over 1.5 gigawatts secured under exclusivity agreements. Part of this portfolio includes significant AI data center projects amounting to over 430 megawatts expected by 2025's end.
These advancements will allow Hut 8 to venture into the high-performance computing market, further diversifying its business approach. The company is currently in discussions with potential partners and suppliers to fast-track the execution of these projects.
This strategic expansion into AI and cloud technologies seeks to bolster Hut 8's market standing, creating new revenue streams while reducing its dependency on bitcoin mining operations.
