Company Insights
Total employees
7.2% from last year
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New hires (YTD)
5% of total workforce
Departments
650 in Engineering
Locations
5,012 in New York, NY
- Hut 8 Corp. is transitioning from a Bitcoin mining company to an energy infrastructure platform focused on artificial intelligence and high-performance computing, currently valued at approximately $7.3 billion.
- In the past year, Hut 8 signed a landmark 15-year IT lease with Fluidstack at its River Bend campus, valued at $7 billion, while also selling a 310 MW natural gas portfolio to enhance its capital structure.
- Key partnerships include Fluidstack for AI infrastructure, with a significant focus on serving major tech players like Google parent Alphabet, and a new revolving credit facility with Two Prime and Coinbase to bolster financial flexibility.
- Ideal buyers are enterprises in need of scalable AI and compute infrastructure solutions, as Hut 8 addresses the growing demand for energy-intensive applications amidst a pivot towards more stable, contracted cash flows.
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