{"id":34829,"date":"2025-07-02T15:46:54","date_gmt":"2025-07-02T15:46:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34829"},"modified":"2025-07-02T15:46:54","modified_gmt":"2025-07-02T15:46:54","slug":"bitcoin-miner-hut-8-jumps-15-leading-sector-higher-after-inking-5-year-energy-supply-deal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34829","title":{"rendered":"Bitcoin Miner Hut 8 Jumps 15%, Leading Sector Higher After Inking 5-Year Energy Supply Deal"},"content":{"rendered":"<div>\n<p>The power unit of bitcoin miner Hut 8 (HUT) has landed a five-year capacity contract with Ontario\u2019s Independent Electricity System Operator, giving the Miami-based firm a dependable paycheck for 310 megawatts of natural-gas generation.<\/p>\n<p>The deal covers plants in Iroquois Falls, Kingston, Kapuskasing, and North Bay, all owned by Far North, Hut 8\u2019s joint venture with Macquarie Equipment Finance.<\/p>\n<p>Starting May 2026, according to a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/07\/02\/3109018\/0\/en\/Hut-8-Secures-Five-Year-Capacity-Contracts-with-IESO-for-310-MW-of-Power-Generation-Assets.html\">press release<\/a>, the plants will earn an average CAD $530 ($388.5) per megawatt-business day in the first year, with partial inflation indexation. The income comes from a government-backed AA3-rated agency.<\/p>\n<p>Ontario forecasts electricity demand will grow 75% by 2050, with a shortfall of up to 5.8 gigawatts as early as 2030, the release adds.<\/p>\n<p>HUT shares are higher by more than 15% on the news, leading the mining sector higher.  Cleanspark (CLSK), MARA Holdings (MARA) and Riot Platforms (RIOT) are ahead a bit less than 10%.<\/p>\n<p>Just yesterday, American Bitcoin Corp, a miner 80% owned by Hut 8 and backed by Eric and Donald Trump Jr., revealed it <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/01\/american-bitcoin-backed-by-eric-and-donald-trump-jr-pulls-in-220m-to-accumulate-btc\">raised $220 million from accredited investors<\/a>, about $10 million of which in bitcoin, according to an SEC filing.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The power unit of bitcoin miner Hut 8 (HUT) has landed a five-year capacity contract with Ontario\u2019s Independent Electricity System Operator, giving the Miami-based firm a dependable paycheck for 310 megawatts of natural-gas generation. The deal covers plants in Iroquois Falls, Kingston, Kapuskasing, and North Bay, all owned by Far North, Hut 8\u2019s joint venture [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34829","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34829"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34829\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}