- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Contact Verifier
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- header.nav.buy
  header.nav.buy_desc
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Crypto Mining Firm Hut 8 Receives $330 Million Credit Support for 1.5GW Capacity Expansion Plan

By: theblockbeats.news|2025/08/26 15:22:14

BlockBeats News, August 26th, according to theminermag report, Hut 8 plans to develop four large-scale infrastructure projects in the United States, advancing a total of 1530 megawatts (MW) in capacity, as part of its expansion from Bitcoin mining to a broader digital infrastructure strategy. These new projects span Louisiana, Texas, and Illinois, with capacities ranging from 50 MW to 1000 MW, bringing Hut 8's potential pipeline capacity to over 10 GW. Once operational, this latest expansion will increase Hut 8's managed platform capacity to 19 sites, exceeding 2.5 GW.

To support this construction plan, Hut 8 is leveraging various financing channels, including a new $200 million revolving credit facility with digital asset investment firm Two Prime and a $130 million credit facility with Coinbase for expansion and repricing.

Standard Chartered Bank: Still forecasting ETH to reach $7500 by the end of the year, the past two days have been excellent entry points

deBridge has announced that it has integrated the Tron network