Bitcoin Miner Hut’s power unit 8 (Hut) reached a five-year contract of capacity with the independent Ontario system of the Ontario electric system, giving the Miami-based firm a reliable salary for the 310 megawatts of the natural-gas generation.
The deal covers the plants in Iroquois Falls, Kingston, Kapuskasong, and North Bay, which all owns the Far North, the joint adventure of Hut 8 with a macquarie equipment finance.
Starting May 2026, according to a Press releasePlants get an average CAD $ 530 ($ 388.5) Each day of megawatt-business in the first year, with a slight inflation index. The revenue came from a back-rated AA3 agency.
Ontario forecasts will grow the power demand will grow by 75% by 2050, with a shortage of up to 5.8 gigawatts as early as 2030, increasing release.
Cube shares are higher than 15% in the news, leading the mining sector higher. Cleanspark (CLSK)Mara holdings (Mara) and riot platforms (Excitement) was preceded by less than 10%.
Just yesterday, the American Bitcoin Corp, an 80% owner of Hut 8 and that -backing by Eric and Donald Trump Jr. Raised $ 220 million from accredited investorsAbout $ 10 million which is in Bitcoin, according to a sec.
