The Bitcoin Miner Hut 8 Bitcoin Power Unit (HUT) won a five -year capacity contract with the operator independent of the Ontario electricity system, giving the company based in Miami a reliable pay check for 310 megawatts of natural gas generation.
The agreement covers factories in Iroquois Falls, Kingston, Kapuskasing and North Bay, all detained by the North, the joint venture of Hut 8 with Macquarie Equipment Finance.
From May 2026, according to a press release, factories will earn an average of $ 530 ($ 388.5) By day of megawat-insistance of the first year, with a partial indexing of inflation. The income comes from an agency listed by the AA3 government.
Ontario provides that electricity demand will increase by 75% by 2050, with a deficit of up to 5.8 gigawatts from 2030, added the press release.
HUT shares are more than 15% higher on news, which has led the higher mining sector. Cleaning (CLSK)Mara Holdings (Mara) and riot platforms (RIOT) are a little less than 10%ahead.
Yesterday, American Bitcoin Corp, an 80% minor held by Hut 8 and supported by Eric and Donald Trump Jr., revealed that he had raised $ 220 million from accredited investors, including around $ 10 million in Bitcoin, according to a dry file.
