TechFlow, July 16 — Hut 8 (NASDAQ | TSX: HUT) today announced the completion of its corporate rebranding, aligning its external identity closely with its "power-first, platform-led" business model. Since merging with US Bitcoin Corp in November 2023, under CEO Asher Genoot's leadership, the company has achieved multiple strategic milestones: expanding its energy infrastructure platform to 15 facilities with a total capacity of 1,020MW; securing 10,800MW of power procurement channels; advancing AI data center projects including the Riverbend campus in Louisiana; restructuring its Bitcoin mining operations into a standalone entity, American Bitcoin; and increasing institutional investor ownership from 12% to 55%.
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