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Hut 8 Corp.

TSX:HUTLive AI agent

Hut 8 is inspired by the legacy of Alan Turing and aims to harness human ingenuity to build the future of energy and digital infrastructure.

Investor website: https://hut8.com/

About

Hut 8 is inspired by the legacy of Alan Turing and aims to harness human ingenuity to build the future of energy and digital infrastructure. The company emphasizes bold ambition, institutional discipline, and relentless execution, striving to create an environment for talented individuals to do impactful work.

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Projects
["Beacon Point\n\nEnvisioned as a multi-phase, multi-tenant campus, Beacon Point is a landmark AI data center project in Nueces County, Texas and the second AI data center campus commercialized under the Company’s power-first, greenfield development model. With key interconnection and site approvals secured for 1,000 MW of capacity, the site is positioned to become one of the largest data center campuses in the state.\n\nProject Inquiries:\n\ninfo@hut8.com\n\n## Project Overview\n\nUtility Capacity\n\n1,000 MW\n\nSite Footprint\n\n525 acres\n\nApplication\n\nAI\n\n## Investment & Impact\n\nBeacon Point is expected to deliver meaningful economic impact for Nueces County, introducing a new class of digital infrastructure to a region historically anchored in heavy industry. The first two phases of the project are expected to represent a combined capital investment of approximately $17 billion, supporting approximately 1,900 construction jobs and approximately 230 permanent operations roles.\n\n### Phase 1\n\n#### Capital Investment\n\nData center and compute infrastructure\n\n~$8.5B\n\n#### Temporary Jobs\n\nConstruction\n\n~945\n\n#### Permanent Jobs\n\nData center operations\n\n~115\n\n### Phase 2\n\n#### Capital Investment\n\nData center and compute infrastructure\n\n~$8.5B\n\n#### Temporary Jobs\n\nConstruction\n\n~945\n\n#### Permanent Jobs\n\nData center operations\n\n~115\n\n## Project Status\n\nOur staged development model defines a structured path from early-stage development to operational infrastructure.\n\nSwipe\n\n1\n\n### Development\n\nSecure land and power and advance site design and infrastructure buildout\n\n2\n\n### Commercialization\n\nExecute a long-term offtake agreement with an anchor tenant\n\n3\n\n### Construction\n\nConstruct, energize, and commission the site in phases to bring capacity online\n\n4\n\n### Delivery\n\nDeliver operational capacity and transition the site to steady-state operations\n\n2026 Buc Days Build\n\n1 / 3\n\nCorpus Christi, TX\n\n## Project Partners\n\nHut 8 expects to develop Beacon Point with key Texas stakeholders and blue-chip private sector delivery partners.\n\nVertiv\n\nJacobs\n\nCorpus Christi Regional Economic Development Corporation\n\n## Frequently Asked Questions\n\n### FAQ\n\nQ\n\nWill the project impact local water supplies?\n\nA\n\nNo municipal water will be used for cooling at any point during the life of the facility. The cooling system uses a closed loop design that circulates water through sealed piping, filled once with water sourced from outside Nueces County and expected to remain in use for approximately four to seven years, requiring no ongoing consumption and no draw from local sources.\n\nMunicipal water will be used solely for standard facility needs such as restrooms and sinks. Total daily consumption for each phase of the project is estimated at approximately 10,000 gallons per day, comparable to the daily water use of a small commercial facility such as a restaurant.\n\nQ\n\nWill the project increase my electricity bill?\n\nA\n\nThis project is not expected to raise residential electricity bills.\n\nRecent research, including studies from Lawrence Berkeley National Laboratory and Charles River Associates, finds no clear evidence that data centers directly cause higher residential electricity rates.\n\nRetail prices are more strongly influenced by factors such as fuel costs, distribution infrastructure investment, weather events, and state policy. In some cases, large electricity customers can help spread fixed utility costs across a broader base, putting downward pressure on rates rather than increasing them.\n\nHut 8 has pre-funded all necessary infrastructure costs required to serve its load, ensuring none of these costs will be passed on to residential customers.\n\nQ\n\nWill the project cause noise pollution?\n\nA\n\nThe facility is designed to operate with minimal noise disruption. Hut 8 is working with external firms to study potential noise impacts and, if necessary, implement measures to minimize any disturbance to nearby communities.\n\nQ\n\nWill the project create additional traffic?\n\nA\n\nConstruction activity is expected to bring increased traffic to the area. Hut 8 is working with the Texas Department of Transportation to ensure minimal disruption to the community. All construction activity will occur during defined working hours in accordance with applicable county requirements. Once construction is complete, daily traffic to and from the facility is expected to be limited.\n\nQ\n\nIs this a Bitcoin mining facility?\n\nA\n\nNo. This facility is being designed and permitted as a data center intended to support artificial intelligence workloads. It is not proposed or designed for cryptocurrency mining.\n\nQ\n\nHow is Hut 8 working with local government and the community?\n\nA\n\nHut 8 is actively engaging with Nueces County officials, regional stakeholders, and state agencies throughout the development process to ensure the project aligns with local priorities and applicable regulatory requirements.\n\nWe are committed to transparent, ongoing communication and to building long-term partnerships with the community, including local organizations, workforce and education partners, and public sector leaders.\n\n## Related News & Insights\n\nDate\n\nType\n\nDescription\n\nAug 10, 2026\n\nPress Release\n\nHut 8 Affirms Commitment to Responsible Data Center Development Following Directive from Texas Governor Greg Abbott\n\nJul 20, 2026\n\nPress Release\n\nHut 8 Fully Commercializes 1 GW Beacon Point AI Data Center Campus with Second 352 MW IT Lease, Bringing Campus-Level Base-Term Contract Value to $19.6 Billion\n\nMay 6, 2026\n\nPress Release\n\nHut 8 Commercializes First Phase of 1 GW Beacon Point AI Data Center Campus with 15-Year, 352 MW IT Lease with Base-Term Contract Value of $9.8 Billion","Logan Prairie Data Center\n\nHut 8’s proposed data center in Logan County, Illinois represents a significant opportunity for long-term infrastructure investment and economic growth. The project is currently in early development and remains subject to local approvals. Detailed information about the proposal, including answers to key questions about power infrastructure, water stewardship, permitting, and long-term economic impact, is provided below.\n\nProject Inquiries:\n\ninfo@hut8.com\n\n## Project Overview\n\nCapacity\n\n500 MW\n\nSite Footprint\n\n50 acres\n\nApplication\n\nAI/Cloud\n\n## Investment & Impact\n\nEconomic development should deliver durable, long-term value to the community. If approved and built, this facility would create jobs, expand the local tax base, and represent one of the largest private investments in Logan County’s history.\n\n#### Temporary Jobs\n\nConstruction\n\n1,500+\n\n#### Permanent Jobs\n\nData center operations\n\n~200\n\n#### Capital Investment\n\nDeployed into local infrastructure and development\n\n$5B+\n\n#### Local Revenue\n\nEstimated annual property tax revenue\n\nUp to $65M\n\n#### Community Presence\n\nMinimum operational lifespan\n\n15+ years\n\n## Project Status\n\nThe proposed project follows a structured development process: local permitting, independent utility studies and approvals, phased construction, and commissioning. No construction can begin without completion of independent studies and county approval. If approved, the facility would be built in phases and operated in compliance with all applicable permits and regulatory requirements.\n\nSwipe\n\n1\n\n### Permitting\n\nWe conduct land diligence and complete detailed site planning. We then submit an application for a Conditional Use Permit (CUP). If the county approves the application, the CUP defines the requirements the project must meet.\n\n2\n\n### Utility Approvals\n\nWe work with Ameren and MISO to confirm how the site can be served safely and reliably. Through independent studies, they identify any system upgrades required to support our load. As part of this process, we finalize interconnection agreements.\n\n3\n\n### Construction\n\nAfter the county and utilities grant the necessary approvals, we complete any required system upgrades. We then construct three data halls and energize them in phases.\n\n4\n\n### Operations\n\nOnce the facility becomes operational, we staff and maintain it for the long-term. We operate in full compliance with permit requirements and established performance standards, including noise and lighting.\n\n## Project Updates\n\nFeb 4\n\n2026\n\nCommunity Open House\n\nHut 8 hosts a community open house at the Lincoln Banquet Center, presenting project updates and answering questions from residents.\n\nJan 23\n\n2026\n\nCommitment to Enter PLA\n\nHut 8 signs a commitment letter to enter a Project Labor Agreement (PLA) with the Central Illinois Building & Construction Trades Council, which would ensure the facility is constructed by trained local union workers under established wage, benefit, and safety standards. This commitment ensures that construction jobs support skilled workers from the region.\n\nJan 15\n\n2026\n\nLocal Radio Interview\n\nHut 8 CEO Asher Genoot and Senior Vice President Greg Irwin join WLCN-FM's \"Viewpoint with Dara Entwistle\" to discuss the proposal and answer questions from the community.\n\nJan 5\n\n2026\n\nCounty Zoning Discussion\n\nHut 8 presents its proposal at a public meeting of the Logan County Board's Zoning and Economic Development Committee, providing an opportunity for discussion and public comment.\n\n## Frequently Asked Questions\n\n### FAQ\n\nQ\n\nWhy Logan County?\n\nA\n\nLogan County has underutilized high-voltage transmission lines and nearby substations that can support a project like this, assets many communities don’t have. Combined with a skilled local workforce and a central Midwest location, the area presents a strong fit for a large, long-term facility.\n\nThis data center also represents a significant proposed private investment and potential addition to the county’s tax base. By locating here and using existing infrastructure, the project is expected to meaningfully expand and diversify local tax revenues over the long term.\n\nQ\n\nWhat real benefits would the community receive?\n\nA\n\nThis project represents an estimated $5B+ private investment and is expected to generate significant economic activity in the area.\n\nConstruction is projected to create approximately 1,500 construction jobs over an estimated 18-month period. Hut 8 has committed to the Central Illinois Building & Construction Trades Council to prioritize qualified local labor for construction roles.\n\nAt full buildout, the facility is expected to support up to 200 permanent jobs, including operations, technical, security, and engineering positions. These are skilled, long-term roles that help keep the facility running every day. Many of these positions are expected to offer wages meaningfully above the county median based on 2023 U.S. Census Bureau data.\n\nOnce the facility is completed and its value is officially determined by the county, the facility is expected to become the largest property taxpayer in the county. Based on economic impact analysis prepared by Strategic Economic Research, LLC (SER) using 2023 certified county valuation data and project inputs provided by Hut 8, the facility could generate an estimated average of up to $65 million per year in property tax revenue over a 30-year period. Actual tax payments will depend on final design, construction costs, official assessment, and applicable tax rates.\n\nIn addition to jobs and tax revenue, we are discussing potential support for first responders, workforce training initiatives, regional schools, and other local priorities. Any such commitments would be defined through formal agreements with local leaders and incorporated into applicable permits or development agreements.\n\nQ\n\nWill this data center raise my electric bill?\n\nA\n\nThis project is not expected to raise residential electric bills.\n\nBefore the facility can be energized, Ameren Illinois and MISO must complete formal interconnection and system impact studies to confirm the system can reliably serve the project alongside existing customers. If those studies identify project-specific upgrades needed to maintain reliability, Hut 8—not residential or farm customers—will fund the costs assigned to the project under applicable rules.\n\nResidential rates are set through a regulated process and are driven primarily by broader factors such as fuel costs, weather, regional market conditions, and regulatory decisions—not by any single new customer. Hut 8 will purchase power under the competitive supply framework used for large industrial customers, which is separate from the regulated residential rate structure. This protection isolates residential customers from cost shifting and market volatility, creating price stability.\n\nQ\n\nWill this project cause blackouts or brownouts?\n\nA\n\nBefore the project can operate, Ameren and the regional grid operator must certify through formal study processes that the system can reliably serve both existing customers and this facility. If reliability standards cannot be met, the project would not proceed unless required upgrades are completed.\n\nDuring grid emergencies, homes and critical services are protected first. Large industrial customers, including facilities of this nature, are curtailed before residential customers.\n\nQ\n\nHow does the closed-loop cooling system work, and will it use local water?\n\nA\n\nThe facility is designed to use a closed-loop cooling system that recirculates water through sealed piping. After the initial system fill, the same water is reused for approximately four to seven years. There is no ongoing daily water consumption for cooling.\n\nNo local water will be used for cooling. The system is not designed to draw from local wells or the Mahomet Aquifer. Cooling water will be trucked in from water-abundant areas outside Logan County. The cooling loop is fully contained and fluid is not released into the ground.\n\nQ\n\nHow much local water will the site use, and what happens to wastewater and cooling water?\n\nA\n\nLocal water usage is expected to be limited to everyday domestic needs like restrooms, sinks, and limited landscaping, and is projected to be comparable to that of a standard office building, or up to approximately 9,000 gallons per day. Final usage would be capped and monitored through county permitting.\n\nCooling water is not connected to the sanitary or septic system and is not discharged into the soil. Any wastewater generated onsite would be typical sanitary wastewater routed to an onsite septic system and handled in accordance with state and county regulations. Stormwater would be managed under established regulatory standards to protect surrounding farmland.\n\nWhen cooling water eventually requires replacement, it would be managed and disposed of through licensed and compliant third-party providers in accordance with applicable regulations. It would never be disposed of onsite.\n\nQ\n\nHow will agricultural drainage systems and farm tile be protected?\n\nA\n\nWe are working with local drainage engineers and experts to identify and map existing subsurface farm drainage systems. If adjustments are required during construction, affected systems would be repaired or rerouted so current drainage patterns are maintained or improved.\n\nQ\n\nHow will this facility affect nearby homes, including noise and lighting?\n\nA\n\nThe facility is designed to operate quietly. As part of the permitting process, we are working with the county to establish enforceable noise limits and plan to implement sound mitigation measures such as barriers to mitigate any site-related noise.\n\nLighting would be downward-facing and engineered to minimize glare and light spill beyond the property boundary. Buffer areas, landscaping, and setbacks around the property would further limit visibility from nearby homes.\n\nQ\n\nIs this a Bitcoin mining facility?\n\nA\n\nNo. This facility is being designed and permitted as a data center intended to support cloud computing or artificial intelligence workloads. It is not proposed or designed for cryptocurrency mining.\n\nQ\n\nWhat happens if Hut 8 does not follow through on its commitments?\n\nA\n\nIf approved, this project would operate under enforceable conditions incorporated into the Conditional Use Permit. Those conditions are enforced by the county, not by Hut 8.\n\nIf we fail to meet permit conditions, the county has the authority to require corrective action and pursue enforcement remedies. In serious cases, the permit can be revoked.\n\nSpecific operating limits and requirements would be defined in writing through the permitting process.\n\nQ\n\nWhat happens if the tenant leaves or the project shuts down?\n\nA\n\nAs part of the Conditional Use Permit process, the company anticipates working with the county to establish appropriate decommissioning and financial assurance mechanisms. These may include a bond or similar instrument to ensure that, in the event of permanent closure, funds would be available to decommission the facility and restore the property in accordance with county requirements.\n\nSuch mechanisms are designed to provide financial protection so responsibility would not fall on the county or local taxpayers.\n\nQ\n\nWhat stage is the project in, and when would construction begin?\n\nA\n\nThis proposal remains in the early stages and has not been approved. It must complete zoning review, receive required permits, and complete applicable utility and grid power studies before construction could begin.\n\nIf required approvals are not granted, the project would not move forward.\n\nIf approved, early site preparation or utility work could begin after permits are issued.\n\nQ\n\nWhat does the construction timeline look like?\n\nA\n\nIf approved, construction is expected to take approximately 18 months. Construction activity would occur during defined working hours in accordance with applicable county requirements.\n\nTraffic impact studies are being completed to assess how construction traffic could affect local roads. If the studies identify issues, Hut 8 would be required to implement measures to reduce impacts, including entering into a Road Use Agreement outlining roadway improvements and safety requirements.\n\nAfter construction, daily traffic is expected to be limited.\n\n## Related News & Insights\n\nDate\n\nType\n\nDescription\n\nFeb 2, 2026\n\nPodcast\n\nElectric Perspectives: New Analysis Finds U.S. Electricity Rates Largely Tracking Inflation\n\nFeb 2, 2026\n\nReport\n\nCharles River Associates: US retail electricity rate trends analysis\n\nJan 15, 2026\n\nInterview\n\nWLCN-FM: Viewpoint with Dara Entwistle | Guests: Hut 8 Representatives Asher Genoot and Greg Irwin\n\nDec 17, 2025\n\nPress Release\n\nHut 8 Signs 15-Year, 245 MW AI Data Center Lease at River Bend Campus with Total Contract Value of $7.0 Billion\n\nDec 17, 2025\n\nNews\n\nWAFB-TV: Hut 8 facility expected to generate $90 million annually for local government","River Bend\n\nRiver Bend is an AI data center campus developed under Hut 8’s power-first, innovation-driven approach to digital infrastructure development. Located in Louisiana, it has the potential to scale beyond 1 GW of utility capacity. The project reflects a disciplined, repeatable development model focused on execution certainty and capital efficiency.\n\nProject Inquiries:\n\ninfo@hut8.com\n\n## Project Overview\n\nUtility Capacity\n\nUp to 1,000 MW of potential expansion capacity\n\n330 MW\n\nIT Capacity Commercialized\n\nSupported by 330 MW of utility capacity\n\n245 MW\n\nSite Footprint\n\n2,361 acres under option\n\n627 acres\n\nApplication\n\nAI\n\n## Investment & Impact\n\nRiver Bend is expected to deliver lasting economic impact for Louisiana, ranking among the largest private capital projects in the state’s history and, at full breadth, among the largest data center campuses globally.\n\n#### Capital Investment: Phase 1\n\nData center and compute infrastructure\n\nUp to $10B\n\n#### Temporary Jobs: Phase 1\n\nConstruction\n\n~1,000\n\n#### Permanent Jobs: Phase 1\n\nData center operations\n\n75+\n\n#### Permanent Jobs: Phase 1\n\nDirect and induced jobs\n\n190+\n\n## Project Status\n\nOur staged development model defines a structured path from early-stage development to operational infrastructure.\n\nSwipe\n\n1\n\n### Development\n\nSecure land and power and advance site design and infrastructure buildout\n\n2\n\n### Commercialization\n\nExecute a long-term offtake agreement with an anchor tenant\n\n3\n\n### Construction\n\nConstruct, energize, and commission the site in phases to bring capacity online\n\n4\n\n### Delivery\n\nDeliver operational capacity and transition the site to steady-state operations\n\nRiver Bend Data Center Campus\n\n1 / 5\n\nSt. Francisville, LA\n\n## Project Partners\n\nHut 8 is developing River Bend in collaboration with key Louisiana stakeholders and a roster of blue-chip private sector partners aligned to defined functions of execution across the project lifecycle.\n\nAnthropic\n\nFluidstack\n\nEntergy\n\nVertiv\n\nJacobs\n\nState of Louisiana\n\nLouisiana Economic Development\n\nWest Feliciana Parish\n\n## Related News & Insights\n\nDate\n\nType\n\nDescription\n\nMay 19, 2026\n\nNews\n\nBiz New Orleans: Hut 8 commits $16M to water infrastructure\n\nDec 18, 2025\n\nNews\n\nBNN Bloomberg: Hut 8 signs AI data center lease with Fluidstack\n\nDec 18, 2025\n\nNews\n\nYahoo Finance: Hut 8 CEO explains Google's vital role in AI data center deal\n\nDec 17, 2025\n\nPress Release\n\nHut 8 Signs 15-Year, 245 MW AI Data Center Lease at River Bend Campus with Total Contract Value of $7.0 Billion\n\nDec 17, 2025\n\nPress Release\n\nHut 8 Announces AI Infrastructure Partnership with Anthropic and Fluidstack\n\nDec 17, 2025\n\nNews\n\nThe Wall Street Journal: Hut 8, Fluidstack to build AI data center for Anthropic in Louisiana"]
Leadership
E. Stanley O'Neal (Chair of the Board), Amy Wilkinson (Board Member), Asher Genoot (Chief Executive Officer & Board Member), Joseph Flinn (Board Member), Mayo A. Shattuck III (Board Member), Michael Ho (Chief Strategy Officer & Board Member), Carl J. (Rick) Rickertsen (Board Member), William Tai (Board Member), Jake Palmer (Chief Technology Officer), Sean Glennan (Chief Financial Officer), Victor Semah (Chief Legal Officer), Matthew Saxon (Chief People Officer)

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