Hut 8 Mining Stock Price, News & Analysis

American Bitcoin (NASDAQ:ABTC) has significantly expanded its Bitcoin mining operations by acquiring and energizing ~14 EH/s of installed hashrate across ~16,300 ASIC servers. This expansion increases the company's total installed hashrate from ~10 EH/s to ~24 EH/s, representing a 2.4x growth.

The company's mining fleet maintains an average efficiency of ~16.4 J/TH as of September 1, 2025. In Q2 2025, ABTC's cost of revenue per Bitcoin mined was approximately 50% of revenue per Bitcoin mined, demonstrating significant operational efficiency. The new miners are deployed at the 205-megawatt Vega data center, operated by Hut 8 Corp., featuring direct-to-chip liquid-cooled ASIC servers supporting up to 180 kW per rack.

American Bitcoin (NASDAQ:ABTC) has made its debut on the Nasdaq following a stock-for-stock merger with Gryphon Digital Mining. The company positions itself as a pure-play Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone.

As a majority-owned subsidiary of Hut 8 Corp. (NASDAQ|TSX: HUT), American Bitcoin employs a dual strategy combining Bitcoin mining operations with opportunistic market purchases. The company leverages Hut 8's infrastructure and ASIC technology to mine Bitcoin efficiently, while maintaining operational cost advantages through shared services and infrastructure access.

Hut 8 Corp. (NASDAQ | TSX: HUT) has announced a major expansion plan to develop four new sites across the United States, adding 1,530 MW of capacity to its energy infrastructure platform. The expansion includes sites in Louisiana (300 MW), Texas (1,180 MW combined), and Illinois (50 MW).

The company is reclassifying this capacity from "Under Exclusivity" to "Under Development," which will increase its total platform to exceed 2.5 gigawatts across 19 sites upon commercialization. To finance the expansion, Hut 8 has secured significant resources, including 10,278 Bitcoin (valued at ~$1.2B), $330 million in credit facilities, and a new $1 billion ATM equity program.

Currently, Hut 8 has ~90% of its 1,020 MW platform contracted and maintains a total development pipeline of 10,620 MW across various stages of development.

Hut 8 Corp. (NASDAQ | TSX: HUT) reported strong Q2 2025 financial results with revenue of $41.3 million, net income of $137.5 million, and Adjusted EBITDA of $221.2 million. The company manages 1,020 MW of total energy capacity and holds a strategic Bitcoin reserve of 10,667 BTC valued at $1.1 billion.

Key developments include commercializing 90% of energy capacity under long-term contracts, launching American Bitcoin with a $220 million private placement, and expanding their Bitcoin-backed credit facility with Coinbase from $65 million to $130 million at a fixed 9.0% interest rate. The company also secured five-year capacity contracts with IESO for 310 MW and completed the initial energization of their 205 MW Vega facility.

Hut 8 Corp. (NASDAQ | TSX: HUT) announced that stockholder voting has commenced for the proposed merger between its majority-owned subsidiary American Bitcoin Corp. and Gryphon Digital Mining (NASDAQ: GRYP). The special stockholder meeting is scheduled for August 27, 2025, with the transaction expected to close in early September 2025.

Upon completion, the combined entity will operate as American Bitcoin and trade on NASDAQ under the ticker ABTC. Gryphon stockholders of record as of July 25, 2025, can now vote on the transaction, with Gryphon's board unanimously recommending voting "FOR" all proposals.

Hut 8 currently manages 1,020 megawatts of energy capacity across 15 sites in the United States and Canada, including Bitcoin mining, hosting, and high-performance computing operations.

Highrise AI (NASDAQ, TSX: HUT), a subsidiary of Hut 8 Corp., has appointed Mark Mendelman as its new Chief Technology Officer. Mendelman joins Highrise following a distinguished 20-year career with the Israel Defense Forces (IDF), where he served as Head of AI and R&D for the elite Sigma unit within the C4I Directorate.

A graduate of the prestigious Mamram computer corps, Mendelman brings extensive experience in developing mission-critical AI systems, including the Dror battlefield intelligence platform. His background includes leading AI research groups and architecting large-scale data platforms. Notably, Mamram alumni have contributed to approximately 25% of Israeli unicorns, with exits totaling $1.9 billion in 2024.

Hut 8 Corp. (Nasdaq | TSX: HUT) has announced that its subsidiary, Hut 8 Investment Ltd, has obtained a Commercial License in the Dubai International Financial Centre (DIFC). This strategic move enhances the company's capital strategy, particularly in deploying Bitcoin reserves into structured derivatives strategies.

The license is expected to provide multiple advantages, including direct access to global derivatives markets, broader institutional counterparty access, and enhanced flexibility in strategy execution. Notably, Hut 8 generated over $20 million in net proceeds from covered call options premiums on Bitcoin reserves in fiscal year 2024.

Operating within DIFC's common law framework, the license aims to reduce trading friction, lower transaction costs, and improve overall capital efficiency in the company's treasury management operations.

Hut 8 Corp. (Nasdaq | TSX: HUT) has announced a strategic corporate rebranding to reflect its evolution into a power-first, platform-driven energy infrastructure company. Following its November 2023 merger with US Bitcoin Corp, the company has significantly expanded its operations to 1,020 megawatts across 15 sites as of March 31, 2025.

Key achievements include developing a 10,800 MW power origination pipeline, advancing 430 MW of AI data center opportunities, and restructuring its Bitcoin mining business through American Bitcoin Corp. The company has secured significant financing, including a $130 million Coinbase credit facility and raised $275.5 million through ATM offerings at an average price of $28.23 per share. Institutional ownership has grown from 12% to approximately 55% between Q1 2024 and year-end 2024.

Hut 8 Corp. (NASDAQ | TSX: HUT), a company focused on energy infrastructure and Bitcoin mining, has scheduled its Q2 2025 earnings release for August 7, 2025, before market opens. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results.

The company will provide supplemental materials and financial information on its website to accompany the earnings discussion. Investors can access these materials, along with important company updates and investor presentations, through Hut 8's investor relations website and social media channels.