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Hut 8 Corp is one of the largest energy infrastructure operators in North America, focusing on providing power, digital infrastructure and compute resources to fuel next-generation use cases like Bitcoin mining and AI computation. In this article, we’ll take a closer look at Hut 8 Corp and learn how you can trade HUT with Bybit.
Key Takeaways:
Hut 8 is expanding beyond Bitcoin mining into AI and high-performance computing.
The Vega and River Bend data centers are expected to drive growth in 2025.
Bybit now offers HUT stock CFDs, enabling users to trade with USDT margin.
Hut 8 Corp is an integrated Bitcoin-mining and energy-infrastructure firm that builds, owns and operates data centers powering crypto mining, high‑performance computing (HPC) and AI workloads across the US and Canada. In addition to Bitcoin mining, the company is also involved in hosting, colocation, managed services and power generation.
Hut 8 is primarily a Bitcoin mining company with an optimized ASIC fleet that has higher efficiency than most miners. The company operates 15 sites for crypto mining and HPC workloads, and is expanding into AI infrastructure with its 592-acre River Bend campus in Louisiana. Additionally, the company manages over 1,000 MW of energy capacity, ensuring stable power for its computing operations.
In June 2025, Hut 8 energized its 205-MW Vega data center in Texas, believed to be the largest single-building Bitcoin mining facility and accounting for nearly 2% of the entire Bitcoin network hash rate. Under colocation contracts, Vega is projected to generate $110–120 million annually, and the company has an option to purchase hosted miners.
The company has also announced a Bitcoin-backed credit line from Coinbase Credit, securing a $130 million loan that will allow Hut 8 to tap an additional $65 million in non-dilutive capital.
As of Jun 9, 2025, Hut 8 shares are trading at $20.89, with high volatility typical of crypto infrastructure stocks. The company's value peaked above $80 during the 2021 Bitcoin bull market. However, the 2022 bear market drove its price below $10 before a partial recovery later that year. Since then, the stock has largely traded sideways.
Hut 8 stands to benefit from Vega’s full ramp-up, which will boost both hosting revenue and self-mining capacity while its own fleet upgrades enhance Bitcoin mining efficiency. The expansion into AI and HPC with the River Bend campus and other data centers will also help Hut 8 diversify its revenue and take advantage of scalable energy and computing integration.
Bitcoin price volatility could impact the company’s mining margins, while rising energy costs and operational expenses may reduce profitability. The company also faces increasing competition from other Bitcoin miners who are also pivoting toward AI and HPC operations.
On Jul 7, 2025, Bybit announced the listing of HUT stock CFDs on its platform. This allows verified users to trade HUT using USDT margin.
Log in to or create your Bybit account and complete KYC verification
Navigate to Bybit TradFi under Trade → TradFi
Deposit USDT into your Funding Account and transfer it to your TradFi Account
Start trading HUT CFDs directly on the Bybit App without using an external MT5 app
HUT continues to be one of the stronger Bitcoin mining stocks, gaining more than 100% since its April lows. For Bybit users, the CFD listing offers a chance to go long or short on HUT directly from the Bybit App.
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