Today we announced our Fourth Quarter and Full Year 2024 results.

2024 Highlights

- We transformed the legacy Hut 8 business and focused on “power-first,” scaling our development pipeline to ~12.3 GW at year-end, including ~2.8 GW under exclusivity

- Earlier in the year, we converted 205 MW from our pipeline to support direct-to-chip liquid-cooled Bitcoin mining in Texas, where we expect to energize our Vega data center in Q2 2025

- As we enter the next phase of growth, we have realigned our reporting structure around the three layers of our platform: Power, Digital Infrastructure, and Compute

Recent Updates

After the quarter, we acquired 592 acres of land in Louisiana for our newest River Bend campus, one of the three sites comprising 430 MW of previously disclosed AI data center development opportunities in our pipeline.

This is just the beginning, as we expect 2025 to be another milestone year for Hut 8. Learn more about our roadmap for the year and broader strategy in our latest earnings presentation (link below).