Canada’s Hut 8 Plans A.I. Data Centre Expansion

4 days ago 6

CryptoProwl

Mon, March 30, 2026 astatine 8:54 AM CDT 1 min read

Canada’s Hut 8 Plans A.I. Data Centre Expansion

Canada’s Hut 8 (NASDAQ: $HUT) has announced plans to walk $7 cardinal U.S. to grow its artificial quality (A.I.) information centres.

The enlargement is being planned arsenic the Bitcoin (CRYPTO: $BTC) miner looks to make aboriginal gigawatt standard information centres arsenic it pivots to artificial quality (A.I.) workloads.

Management astatine Hut 8 person made wide that they are seeking caller gross drivers and to diversify beyond the company’s halfway crypto mining business.

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Late past year, Hut 8 announced deals to supply high-performance computing capableness to some Google genitor institution Alphabet (NASDAQ: $GOOGL) and A.I. start-up Anthropic.

Hut 8 is processing its River Bend A.I. information centre field successful Louisiana to accommodate the Alphabet and Anthropic contracts.

Now, absorption says it plans to walk an further $7 cardinal U.S. connected powerfulness contracts, microchips, and infrastructure to further grow its River Bend determination to conscionable existent and aboriginal demand.

Hut 8 is 1 of respective Bitcoin miners that is shifting into A.I. information centres arsenic the terms of the largest cryptocurrency slumps.

HUT banal has risen 309% implicit the past 12 months to commercialized astatine $47.57 U.S. per share.

Bitcoin is presently trading astatine $67,900 U.S.

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