Sector 1
Capacity¹
Moderate
Return Potential¹
Low
Sector 2
Capacity¹
Low
Return Potential¹
Moderate
Sector 2
Capacity¹
High
Return Potential¹
High
25 %
Annualized Return
Salt Creek
Location
26 MV
Available Capacity
552 Days
Construction time
Bitcoin Mining
Initial Use Case

Our Platform

We take a disciplined, power-first approach
to originate, invest in, monetize, and optimize
critical infrastructure assets with a focus on
delivering outsized long-term value for our
investors across the asset lifecycle.

Originate 1.0

Near-Term Access to Power at Scale

Our power-first approach is built on a high-
velocity, utility-scale origination program.
Guided by rigorous due diligence, we identify
high-potential assets that can immediately
support HPC workloads, as well as sites where
Bitcoin mining can serve as a transitional load
to enable rapid, cost-effective monetization.

Invest 2.0

Disciplined Capital Allocation

We integrate select assets into our
platform through targeted underwriting and
disciplined capital deployment. We strive
to optimize our cost of capital by taking a
disciplined approach to capital formation and
leveraging creative financing strategies that
support efficient growth and mitigate risk.

Monetize 3.0

Rapid, Cost-Effective Monetization

We seek to monetize each asset in our
platform with the use case we believe will
deliver the highest risk-adjusted returns,
often leveraging Bitcoin mining to accelerate
time to cash flow. This flexibility enables us
to scale our power footprint often faster and
more cost-effectively than developers bound
by traditional commercialization timelines.

Optimize 4.0

Ongoing Innovation and Value Creation

We take an active approach to portfolio
management, developing innovations in
infrastructure design, development, and
operations to enhance asset performance,
expand optionality, and unlock return
potential. Over time, we aim to maximize
platform yield by transitioning suitable
assets to higher-return use cases.

Our Platform

Integrated Energy Infrastructure

Capacity Under Management

1,020 MW

As of March 31, 2025

Sites

15

As of March 31, 2025

Current Locations

Site

Location

Output

Usage

King Mountain2

McCamey, TX 280 MW
Bitcoin Mining

Vega3

Texas Panhandle 205 MW
Bitcoin Mining

Medicine Hat

Medicine Hat, AB 67 MW
Bitcoin Mining

Salt Creek

Orla, TX 63 MW
Bitcoin Mining

Alpha

Niagara Falls, NY 50 MW
Bitcoin Mining

Iroquois Falls

Iroquois Falls, ON 120 MW
Power Generation

Kingston4

Kingston, ON 120 MW
Power Generation

Kapuskasing4

Kapuskasing, ON 35 MW
Power Generation

North Bay4

North Bay, ON 35 MW
Power Generation

Kelowna

Kelowna, BC 1.1 MW
HPC

Mississauga

Toronto, ON 0.9 MW
HPC

Vaughan

Toronto, ON 0.6 MW
HPC

Vancouver II

Vancouver, BC 0.5 MW
HPC

Vancouver I

Vancouver, BC 0.3 MW
HPC

Drumheller5

Drumheller, AB 42 MW
Non-operational
Notes
  1. Illustrative
  2. Owned by a JV between Hut 8 and a Fortune 200 renewable energy producer in which Hut 8 has an approximately 50% membership interest
  3. Initially energized in Q2 2025
  4. Owned or leased by a JV between Hut 8 and Macquarie in which Hut 8 has an approximately 80% membership interest
  5. Site is currently shut down; Hut 8 is maintaining its lease with the option value of re-energizing the site