Hut 8 Mining Stock Price, News & Analysis

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.

Hut 8 Corp. (Nasdaq | TSX: HUT) has secured significant five-year capacity contracts with the Ontario Independent Electricity System Operator (IESO) for its 310 MW power generation portfolio. The contracts, awarded through Far North Power Corp., a joint venture with Macquarie Equipment Finance Ltd., will commence on May 1, 2026.

The agreements cover four natural gas-fired power plants in Ontario: Iroquois Falls, Kingston, Kapuskasing, and North Bay. The contracts feature a weighted average capacity payment of CAD $530 per MW-business day in Year 1, with partial inflation indexation potential. The deal represents a transition from short-term seasonal agreements to fixed long-term contracts, backed by a AA3-rated government counterparty.

Hut 8 Corp. (Nasdaq | TSX: HUT) has announced the initial energization of Vega, believed to be the largest single-building Bitcoin mining facility by nameplate hashrate. The 205-megawatt facility spans 162,000 square feet and will support up to ~15 exahash per second (EH/s) of BITMAIN U3S21EXPH servers, representing nearly 2.0% of current global Bitcoin network hashrate.

The facility features a proprietary, rack-based, direct-to-chip liquid cooling system supporting ASIC deployments at densities of up to 180 kilowatts per rack. BITMAIN has committed to the full ~15 EH/s deployment under an ASIC colocation agreement expected to generate $110-120 million in annualized revenue upon full energization. The agreement includes a purchase option allowing Hut 8 to acquire the hosted fleet in up to three tranches.

Key technical specifications include a power usage effectiveness (PUE) of 1.06, capacity to host 17,280 BITMAIN U3S21EXPH servers, and 96 custom-designed cooling modules. The project was completed in under a year at an estimated cost of $430,000-450,000 per MW of nameplate capacity.

Hut 8 Corp. (Nasdaq | TSX: HUT) has announced a significant expansion of its Bitcoin-backed credit facility with Coinbase Credit, doubling the capacity from $65 million to $130 million. The Third Amended and Restated Credit Agreement extends the maturity date to July 16, 2026 and converts the facility from a floating-rate to a fixed 9.0% interest rate, improving from the previous 10.5-11.5% range.

The enhanced facility provides up to $65 million in additional non-dilutive capital for growth opportunities, while maintaining important protections including a no-rehypothecation covenant on pledged Bitcoin and an improved limited recourse structure. This strategic expansion reflects both companies' commitment to disciplined growth and efficient capital deployment.

Hut 8 Corp. (HUT) has announced that its majority-owned subsidiary, American Bitcoin, will go public through a merger with Gryphon Digital Mining (GRYP). The stock-for-stock merger transaction will result in the combined company operating under the American Bitcoin brand and trading on Nasdaq under the ticker "ABTC". The deal is expected to close in Q3 2025.

Existing American Bitcoin stockholders will retain approximately 98% ownership of the combined company, with Hut 8 maintaining a majority stake. Post-merger, Hut 8 will continue as American Bitcoin's exclusive infrastructure and operations partner through long-term commercial agreements, generating stable revenue for Hut 8's Power and Digital Infrastructure segments.