Bitcoin miner Hut 8 dedicated $16 million to develop water capability in West Feliciana Parish, Louisiana, as a part of improvement plans for its River Bend AI information middle campus.
In response to a Tuesday announcement, the funding features a new water nicely, about eight miles of water principal and different system upgrades. Hut 8 mentioned the property might be transferred to the parish after completion, which is anticipated within the second half of 2026, without charge to taxpayers.
Hut 8 mentioned Section 1 of the River Bend campus represents a multibillion-dollar capital funding and is anticipated to help about 1,000 building employees at peak build-out and not less than 75 everlasting jobs as soon as operational.
The corporate mentioned the campus will use a closed-loop cooling system designed to cut back ongoing water demand and depend on water sources outdoors the residential aquifer.
The River Bend campus is a part of Hut 8’s North American vitality and digital infrastructure platform, which the corporate mentioned is being developed in partnership with public- and private-sector stakeholders.
Hut 8 shares climb on the 12 months amid AI infrastructure enlargement
Regardless of posting back-to-back quarterly losses in late 2025 and early 2026, shares of Hut 8 have climbed round 93% year-to-date, based on information from Bitcoinminingstock.io, as buyers more and more concentrate on the corporate’s AI infrastructure and energy leasing enterprise.
In December 2025, Hut 8 signed a 15-year lease for 245 MW of AI information middle capability on the River Bend campus in a deal the corporate mentioned is valued at $7 billion. Hut 8 mentioned the settlement contains funds financially backed by Google.
The corporate adopted that settlement 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 mentioned is valued at $9.8 billion. Hut 8 added that the 2 campuses characterize a mixed $16.8 billion in contracted lease income tied to 597 MW of AI information middle capability.
Shares of publicly traded Bitcoin mining corporations have broadly gained this 12 months, with information displaying the entire prime 10 miners by market capitalization are up double digits year-to-date.
Supply: Bitcoinminingstocks.io
The good points come at the same time as mining profitability stays beneath stress throughout the sector. Publicly traded miners bought greater than 32,000 Bitcoin within the first quarter of 2026, whereas hashprice, a measure of miner income, has fallen to round $35 per petahash per second per day, close to breakeven ranges for some operators.
