Hut 8 Operations Update for February 2025

US-based Hut 8 Corp. secured a 592-acre site in Louisiana for its new River Bend campus, which will house a 300-megawatt utility-scale power asset. The company is upgrading its ASIC fleet with new miners in place, expecting improvements in their hashrate and efficiency metrics. They aim to have 10.3 EH/s target for hashrate and 20.5 J/TH for fleet efficiency as they also progress on their Vega development set for Q2 energization.