Bitcoin miner Hut 8 dedicated $16 million to develop water capability in West Feliciana Parish, Louisiana, as a part of growth plans for its River Bend AI information heart campus.
In response to a Tuesday announcement, the funding features a new water nicely, roughly eight miles of water mains and different system enhancements. Hut 8 stated the belongings will likely be transferred to the parish upon completion, anticipated within the second half of 2026, without charge to taxpayers.
Hut 8 stated Section 1 of the River Bend campus represents a multimillion-dollar capital funding and is anticipated to assist about 1,000 building employees at peak building and not less than 75 everlasting jobs as soon as operational.
The corporate stated the campus will use a closed-loop cooling system designed to scale back present water demand and can depend on water sources exterior the residential aquifer.
The River Bend campus is a part of Hut 8’s North American power and digital infrastructure platform, which the corporate says is being developed in partnership with private and non-private sector stakeholders.
Hut 8 Inventory Rises Yr Over Yr Amid AI Infrastructure Enlargement
Regardless of posting consecutive quarterly losses in late 2025 and early 2026, Hut 8 shares are up about 93% to date this yr, in response to information from Bitcoinminingstock.io, as traders more and more give attention to the corporate’s AI infrastructure and power leasing enterprise.
In December 2025, Hut 8 signed a 15-year lease for 245 MW of AI information heart capability on the River Bend campus in a deal the corporate says is valued at $7 billion. Hut 8 stated the deal contains funds financially backed by Google.
The corporate adopted that deal in Could with one other 15-year lease tied to 352 MW of capability at its Beacon Level campus in Texas in a deal it stated is valued at $9.8 billion. Hut 8 added that the 2 campuses symbolize a mixed complete of $16.8 billion in contracted leasing income tied to 597 MW of AI information heart capability.
Shares of publicly traded Bitcoin mining firms have gained handsomely this yr, with information exhibiting that the highest 10 miners by market capitalization are up double digits to date this yr.
Fountain: Bitcoinminingstocks.io
The good points come whilst mining profitability stays underneath stress throughout the sector. Publicly traded miners offered greater than 32,000 Bitcoin within the first quarter of 2026, whereas the hash worth, a measure of miners’ revenue, has fallen to round $35 per petahash per second per day, close to breakeven ranges for some merchants.
