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Techub News, Bitcoin mining company Hut 8 announced its financial results for the fourth quarter and full year of fiscal year 2025. As of December 31, 2025, the company's total installed capacity for development projects reached 8,500 MW, laying the foundation for scalable execution in 2026. Total revenue for fiscal year 2025 was $235.1 million, a 45% increase year-over-year (compared to $162.4 million in the same period last year), comprising computing revenue of $202.3 million, power revenue of $23.2 million, digital infrastructure revenue of $9.6 million, and other revenue of zero; American Bitcoin, as a consolidated subsidiary, had its related revenue offset in the consolidated financial statements through management services, ASIC hosting, and shared services agreements. As of the period end, Hut 8 held approximately $1.4 billion in cash and Bitcoin reserves ($899.3 million for the Hut 8 portion and $472.6 million for the American Bitcoin portion); initiated a $1 billion "At-The-Market" (ATM) offering program; entered into revolving credit agreements with Two Prime and Coinbase, with a maximum borrowing capacity of $400 million and a weighted average cost of capital of 8.5%. River Bend project financing can cover up to 85% of costs, led and structured by J.P. Morgan, with Goldman Sachs participating as a loan underwriter.
Techub News, according to Decrypt, Bitcoin mining company Hut 8 announced it has signed a 15-year AI data center lease agreement worth a total of $9.8 billion, involving 352 megawatts of IT capacity at its Beacon Point campus in Texas. The facility was originally used for Bitcoin mining and later converted into AI infrastructure based on the Nvidia DSX architecture. This deal brings Hut 8's total contracted AI data center capacity to 597 megawatts. The tenant is an anonymous high-investment-grade company, with the first data halls expected to be delivered in the third quarter of 2027.
Techub News, according to Cointelegraph, Bitcoin mining company Hut 8 has announced the signing of a 15-year AI data center lease valued at $7 billion, with financial guarantees provided by Google. The company’s stock rose over 1% in pre-market trading on Monday. Hut 8 currently has a market capitalization of approximately $8.6 billion, making it the third-largest publicly traded mining company. The agreement involves 245 megawatts of capacity, marking a significant step in Hut 8’s strategic transition toward AI infrastructure. Previously, the company primarily focused on Bitcoin mining operations and currently ranks only 17th in computing power. Other publicly traded mining companies such as CleanSpark and Core Scientific have also recently announced similar AI transition plans.
Techub News, according to crypto.news, Bitcoin mining company Hut 8 has announced a $200 million Bitcoin-backed loan agreement with FalconX, fully replacing its previous credit facility with Coinbase Credit. The new loan carries a fixed annual interest rate of 7%, a reduction of 200 basis points from the previous 9%, and will release approximately 3,300 Bitcoins (valued at around $260 million) in collateral. The company stated that this refinancing is part of its strategy to optimize capital costs. The released Bitcoins will transition from a pledged state to an unencumbered state, directly enhancing balance sheet liquidity. Previously, Hut 8 had expanded its Coinbase credit facility multiple times, and this shift to FalconX's institutional brokerage model allows for more flexible capital allocation under the current pressure on miner profit margins.
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