US Edition
Bitcoin Mining News: HUT 8 Leads Sector Higher
- Hut 8, a bitcoin mining company, secured a five-year agreement with Ontario’s Independent Electricity System Operator for 310 MW of capacity spanning four locations.
- The deal follows the Ontario government's late 2024 directive authorizing the Local Generation Program to include new, smaller scale energy producers.
- The Local Generation Program, set to launch in early 2026, will feature two staggered annual calls for proposals for new builds and existing facilities up to 10 MW.
- Hut 8 shares rose nearly 15% after the announcement, and the plants will earn about CAD $530 per megawatt-business day starting May 2026, including inflation indexation.
- Ontario forecasts a 75% electricity demand rise by 2050 with a shortfall of up to 5.8 GW by 2030, making programs like this critical to meeting future needs.
Insights by Ground AI
Does this summary seem wrong?
12 Articles
12 Articles
All
Left
2
Center
2
Right
1
Hut 8 leads bitcoin mining stocks higher after securing energy supply deal (HUT:NASDAQ)
Hut 8 Corp. (HUT) led bitcoin mining stocks higher in Wednesday late morning trading, jumping 15%, after securing a five-year energy capacity contract with the Ontario Independent Electricity System Operator.
·United States
Read Full Article
Hut 8 Secures Major Power Contracts in Canada - Invest In Crypto News
Hut 8 Corp announced on July 2 that its subsidiary, Far North Power Corp, has secured five-year capacity contracts with the Ontario Independent Electricity System Operator (IESO). Hut 8 Joint Venture Entity Wins IESO Auction The energy infrastructure platform Hut 8 Corp announced on July 2 that its entity Far North Power Corp has secured […] Source link The post Hut 8 Secures Major Power Contracts in Canada first appeared on Invest In Crypto New…
Coverage Details
Total News Sources12
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
Factuality
To view factuality data please Upgrade to Premium
