Close Menu
maincoin.money
    What's Hot

    Study Reveals Adding Just 5% in Solana Can Enhance Portfolios

    October 20, 2025

    Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged

    October 20, 2025

    NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub

    October 20, 2025
    Facebook X (Twitter) Instagram
    maincoin.money
    • Home
    • Altcoins
    • Markets
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
      • Regulation
    Facebook X (Twitter) Instagram
    maincoin.money
    Home»Blockchain»Hut 8 Bitcoin Mining Reveals 1.5GW Expansion Plans in the US, Shares Up 10%
    Blockchain

    Hut 8 Bitcoin Mining Reveals 1.5GW Expansion Plans in the US, Shares Up 10%

    Ethan CarterBy Ethan CarterAugust 26, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    1756250906
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Hut 8, a Bitcoin mining company, is establishing four new mining locations in Texas, Louisiana, and Illinois, adding 1.5 gigawatts to its capacity as U.S. miners reinforce their influence over the global hash rate.

    Per a Tuesday announcement, the expansion aims to diversify the company’s geographic reach and target rapidly growing energy demand markets.

    Hut 8’s shares surged by as much as 10.5% on Tuesday following this announcement, according to Google Finance. The company noted that its existing 1 gigawatt capacity is nearly fully utilized.

    “By advancing more than 1.5 gigawatts of capacity… we position ourselves to more than double the scale of our platform and meet accelerating demand across energy-intensive use cases,” stated Hut 8 CEO Asher Genoot.

    According to fintech platform OneSafe, U.S. miners control 75.4% of the global hash rate. In 2024, the crypto mining sector created over 31,000 jobs in the United States, with notable miners including CleanSpark, Core Scientific, and Gryphon Digital Mining, among others.

    Hut 8 share price. Source: Google Finance

    The company characterized its new facilities as ideal for “energy-intensive use cases,” encompassing high-performance computing, Bitcoin mining, and industrial applications such as next-generation manufacturing. Additionally, it provides energy to the artificial intelligence sector.

    Hut 8 operates as the parent company of American Bitcoin, a Bitcoin mining and treasury firm associated with the Trump family. Its facilities are spread across Canada and the United States, with the majority based in Texas.

    Related: Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss

    State Bitcoin mining regulations amid changing industry

    Hut 8 is expanding into states with diverse regulations on Bitcoin mining, during a period of transition for the industry.

    In Texas, “virtual currency mining facilities” exceeding 75 megawatts are required to register with the Public Utility Commission of Texas, prompted by increasing concerns over the state’s energy grid as tech companies migrate to the Lone Star State.

    In June 2024, Louisiana enacted legislation supporting Bitcoin miners in industrial areas to stimulate local economies by attracting new businesses, alongside a ban on central bank digital currencies and a right to self-custody.

    Illinois has yet to implement specific regulations on cryptocurrency mining, yet Bitcoin mining facilities have appeared in areas like Bloomington-Normal and Effingham.

    Magazine: Bitcoin OG Willy Woo has sold most of his Bitcoin — Here’s why

    1.5GW Bitcoin Expansion Hut Mining plans Reveals Shares
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar photo
    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

      Related Posts

      Study Reveals Adding Just 5% in Solana Can Enhance Portfolios

      October 20, 2025

      Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged

      October 20, 2025

      $3 Million XRP Heist Reveals Exploitative Recovery Companies

      October 19, 2025
      Markets

      Study Reveals Adding Just 5% in Solana Can Enhance Portfolios

      By Ethan CarterOctober 20, 20250

      While Bitcoin remains at the forefront of institutional interest as a key digital asset, recent…

      Bitcoin

      Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged

      By Ethan CarterOctober 20, 20250

      Bitcoin is currently priced around $107,000 following a recent flash crash. While it has stabilized…

      Ethereum

      NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub

      By Ethan CarterOctober 20, 20250

      Former New York governor Andrew Cuomo is reportedly making significant investments in crypto and AI…

      NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub

      By Ethan CarterOctober 20, 20250

      Former New York Governor Andrew Cuomo is reportedly placing significant bets on crypto and AI…

      Recent Posts
      • Study Reveals Adding Just 5% in Solana Can Enhance Portfolios
      • Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged
      • NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub
      • NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub
      • Bitcoin’s Unexpected Split from Nasdaq Caught Everyone off Guard

      At MainCoin.Money, we cover everything from Bitcoin and Ethereum to the latest trends in Altcoins, DeFi, NFTs, blockchain technology, market movements, and global crypto regulations.

      Whether you’re a seasoned investor, a blockchain developer, or just curious about digital assets, our mission is to make crypto news accessible and reliable for everyone.

      Facebook X (Twitter) Instagram Pinterest YouTube
      Top Insights

      Study Reveals Adding Just 5% in Solana Can Enhance Portfolios

      October 20, 2025

      Bitcoin Remains Within Gaussian Channel, Bullish Market Framework Unchanged

      October 20, 2025

      NYC Mayoral Hopeful Andrew Cuomo Proposes Cryptocurrency Hub

      October 20, 2025
      Get Informed

      Subscribe to Updates

      Get the latest creative news from FooBar about art, design and business.

      Facebook X (Twitter) Instagram Pinterest
      • About Us
      • Contact us
      • Privacy Policy
      • Disclaimer
      • Terms and Conditions
      © 2025 maincoin.money. All rights reserved.

      Type above and press Enter to search. Press Esc to cancel.