One thing we’ve always tried to do at $Hut 8 is be transparent with our investor community, especially when the economics of something aren’t obvious from a filing.
So I wanted to share some additional context on Mike Ho’s recent transaction.
Mike did not sell 1.5M shares in the open market. In fact, Mike has not sold any shares since we started the company.
Some context on the structure 👇
Hut 8 has received a conditional Base Load classification in ERCOT’s Batch Zero Process for Beacon Point, a step forward in the energization process. We remain focused on working closely with our transmission and distribution service provider, ERCOT, regulators, and local stakeholders as the project advances.
It was brought to our attention that Lake America was erroneously labeled as Lake “Ontario” on our website.
We have corrected this mistake and apologize for deadnaming the lake.
Proud to see $HUT stand alongside $MSFT and $EQIX in committing to Governor Abbott’s data center standards.
Texas has an extraordinary opportunity to lead the next era of digital infrastructure. Realizing that opportunity means building responsibly, protecting grid reliability, respecting local communities, and ensuring growth creates durable value for Texans.
We’re proud to do our part and committed to building infrastructure that strengthens the communities and energy systems we operate within.
Thank you @GovAbbott for your leadership.
"And that's what SpaceX is all about - is to take the fiction out of science fiction and create an exciting, inspiring future for everyone."
@SpaceX Founder, CEO, CTO & Chairman @elonmusk takes the @NasdaqExchange podium on $SPCX IPO day.
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Hut 8 has signed a 15-year, 352 MW AI data center lease at its Beacon Point campus with base-term contract value of $9.8 billion and up to $25.1 billion if all renewal options are exercised.
Envisioned as a multi-phase, multi-tenant campus, Beacon Point is the second AI data center campus commercialized under Hut 8’s power-first, greenfield development model. We have executed an interconnection agreement for 1,000 MW of utility capacity, providing significant runway for potential campus expansion and revenue growth.
The transaction brings our total contracted AI data center capacity to 597 MW with aggregate base-term contract value of approximately $16.8 billion and aggregate average annual NOI of approximately $1.1 billion.
Here is a table highlighting and providing a comparison of the current #HPC#AI deals signed by some of the largest #BTC public mining companies. The latest miner to be added to the table is @Hut8Corp and the deal certainly does not disappoint!
Which #BTC miner will be next?
On March 31st, 2025 @ABTC was formed (0 Bitcoin)
September 3rd, 2025, 5 months and 3 days later, we went public on the NASDAQ as ABTC (2,465 Bitcoin)
Today: October 24th, 2025, just 1 month and 21 days from our public debut (3,865 Bitcoin)
6 months and 24 days later, we are the 26th largest public Bitcoin treasury company —passing our competitors daily. You will not find a harder working or more determined group in the space and we are just getting going!