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Hut 8
Hut 8
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Hut 8

Hut 8 was a section in the Government Code and Cypher School (GC&CS) at Bletchley Park (the British World War II codebreaking station, located in Buckinghamshire) tasked with solving German naval (Kriegsmarine) Enigma messages. The section was led initially by Alan Turing. He was succeeded in November 1942 by his deputy, Hugh Alexander. Patrick Mahon succeeded Alexander in September 1944.[1]

Hut 8 was partnered with Hut 4, which handled the translation and intelligence analysis of the raw decrypts provided by Hut 8.

Located initially in one of the original single-story wooden huts, the name "Hut 8" was retained when Huts 3, 6 & 8 moved to a new brick building, Block D, in February 1943.[2]

After 2005, the first Hut 8 was restored to its wartime condition, and it now houses the "HMS Petard Exhibition".[3]

Operation

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In 1940, a few breaks were made into the naval "Dolphin" code, but Luftwaffe messages were the first to be read in quantity.[4] The German navy had much tighter procedures, and the capture of code books was needed (see Battle of the Atlantic § Enigma cipher) before they could be broken. In February 1942, the German navy introduced "Triton", a version of Enigma with a fourth rotor for messages to and from Atlantic U-boats; these became unreadable for a period of ten months during a crucial period (see Enigma in 1942).

Britain produced modified bombes, but it was the success of the US Navy bombe that was the main source of reading messages from this version of Enigma for the rest of the war.[citation needed] Messages were sent to and from across the Atlantic by enciphered teleprinter links.

Personnel

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In addition to the cryptanalysts, around 130 women worked in Hut 8 and provided essential clerical support including punching holes into the Banbury sheets. Hut 8 relied on Wrens to run the bombes housed elsewhere at Bletchley.[1]

Code breakers

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See also

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References

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Revisions and contributorsEdit on WikipediaRead on Wikipedia
from Grokipedia
Hut 8 Corp. is a vertically integrated energy infrastructure company headquartered in Miami, Florida, that develops and operates an integrated portfolio of power generation, digital infrastructure, and compute assets to support energy-intensive technologies such as mining and . The company, publicly traded on the and under the HUT, was formed in November 2023 through the merger of Hut 8 Mining Corp.—founded in October 2017 as a mining firm—and U.S. Data Mining Group, Inc. (operating as US Bitcoin Corp.), creating a platform with over 1,000 MW of energy infrastructure across 15 sites in . Drawing its name from the historic Hut 8 at , where and his team pioneered codebreaking during , Hut 8 emphasizes innovation in energy and technology. Its business model centers on a power-first approach, acquiring and managing energy assets—including four natural gas power plants in , , with 310 MW capacity through a with Macquarie Equipment Finance Ltd.—while pursuing a 10,800 MW power origination pipeline that incorporates hydro, nuclear, , and solar sources. The digital infrastructure segment designs and operates data centers for ASIC and CPU colocation, alongside 430 MW of AI-enabled facilities, such as the 592-acre River Bend site in . In the compute domain, Hut 8 restructured its mining operations into American Bitcoin Corp. in March 2025, in partnership with , to establish new standards in sustainable mining. The company also provides cloud services and GPU-as-a-Service through Highrise AI. In July 2025, Hut 8 rebranded to better reflect its platform-driven evolution under new leadership, following a year of . Recent expansions include securing five-year capacity contracts with Electricity Operator (IESO) for 310 MW of power assets in July 2025 and announcing plans to develop four new sites in August 2025. In its third quarter 2025 earnings reported on November 4, 2025, Hut 8 achieved revenue of $83.5 million and net income of $50.6 million, while holding 13,696 as of September 30, 2025. Led by Asher Genoot, Michael Ho, and Sean Glennan—all veterans in the energy and sectors—Hut 8 focuses on merit-based and to drive growth in the of and compute technologies. As of December 31, 2024, its digital included five mining data centers, five (HPC) data centers, and one non-operational site.

History

Establishment

Hut 8 Mining Corp. was founded in October 2017 in , , , by serial entrepreneur Marc van der Chijs, focusing on mining operations powered by low-cost . The company went public on the in 2018 as the first mining firm listed there, aiming to provide infrastructure for digital asset mining while emphasizing sustainability. Early operations centered on self-mining and hosting services for third-party miners, with initial sites in and leveraging hydroelectric power.

Expansion and relocation

In February 2023, Hut 8 Mining Corp. announced a merger of equals with (operating as ), an American mining and hosting company, to create a larger North American platform with diversified energy assets. The all-stock transaction closed in November 2023, forming Hut 8 Corp., with Asher Genoot, co-founder and former president of , appointed as CEO. The merger combined Hut 8's Canadian operations with 's U.S.-based facilities, resulting in over 1,000 MW of energy infrastructure across 15 sites and enhancing capabilities in . Following the merger, the company relocated its headquarters from to , , in 2024 to better align with its growing U.S. operations and access talent in the energy and tech sectors. In March 2025, Hut 8 restructured its Bitcoin mining into a new entity, American Bitcoin Corp., in partnership with , focusing on sustainable mining practices. The company rebranded in July 2025 to emphasize its power-first platform, under new leadership including Chief Strategy Officer Michael Ho and Chief Financial Officer Sean Glennan. Recent expansions include securing five-year capacity contracts with the Independent Electricity System Operator (IESO) for 310 MW in July 2025 and plans for four new development sites announced in August 2025.

Operations

Power Generation

Hut 8 Corp. adopts a power-first , acquiring, developing, and managing energy assets to support high-density compute applications. Through a with Macquarie Asset Management, the company owns and operates four power plants in , , providing a total capacity of approximately 205 MW. In July 2025, Hut 8 secured five-year capacity contracts with the Independent Electricity System Operator (IESO) for 310 MW of power generation assets. As of September 30, 2025, the company's platform includes 1,020 MW of energy capacity under management across 15 sites in the United States and , with a development pipeline of 8,650 MW incorporating hydro, nuclear, , and solar sources. This includes plans announced in August 2025 to develop four new sites totaling more than 1.5 GW of capacity.

Digital Infrastructure

The digital infrastructure segment focuses on designing and operating data centers optimized for energy-intensive technologies. Hut 8 provides ASIC and CPU colocation services at strategically located facilities, including five Bitcoin mining data centers and five (HPC) data centers as of December 31, 2024, with expansions continuing into 2025. Key sites include the 592-acre River Bend facility in for AI-enabled operations, where in December 2025 Hut 8 signed a 15-year lease agreement with Fluidstack for 245 MW of AI data center capacity, with a total contract value of $7 billion over the base term. The agreement includes a financial backstop from Google covering lease payments and operations, with the initial data hall scheduled for completion and commissioning in Q2 2027. and the Vega site supporting 205 MW. The company also manages one non-operational site and is developing additional infrastructure to reach 430 MW of AI-enabled facilities. As of , 2025, operations span 19 sites, including four under development.

Compute

Hut 8's compute operations integrate and advanced services. In March 2025, the company restructured its into American Corp., a majority-owned in partnership with , focusing on sustainable practices. As of September 30, 2025, American operates with a total hashrate of approximately 26.8 EH/s (23.7 EH/s operational), achieving an efficiency of 16.3 J/TH, including self- at sites like King Mountain, . The company holds a strategic reserve of 13,696 BTC as of the same date. Additionally, through Highrise AI, Hut 8 offers GPU-as-a-Service and solutions, including backup, recovery, storage, and network services for institutional clients. extend to asset owners in the space.

Personnel

Leadership

Hut 8 Corp. is led by a of executives with expertise in , digital assets, and sectors. As of November 2025, the key leadership includes: The board of directors, chaired by William Tai, includes members such as Amy Wilkinson, Joseph Flinn, , Carl J. (Rick) Rickertsen, and , providing oversight on and strategy.

Staff composition and roles

As of December 31, 2024, Hut 8 Corp. employed 222 full-time staff across the and , with roles spanning management, digital infrastructure, mining operations, , finance, engineering, and procurement. The company also engages part-time, temporary, or consultant personnel as needed to support its expanding portfolio of power generation and data centers. Following expansions in 2025, including new site developments, the workforce has likely grown to accommodate increased operational demands in these areas. Recruitment emphasizes skilled professionals in and to drive the company's power-first business model.

Facilities and technology

Physical infrastructure

Hut 8 Corp. manages a portfolio of energy infrastructure and digital assets across , including 15 sites totaling 1,020 megawatts (MW) of capacity under management as of July 2025. These comprise five mining data centers, five (HPC) data centers, and five power generation sites in the United States and . The company's digital infrastructure includes over 36,000 square feet of geo-diverse facilities designed for ASIC and CPU colocation, powered by emission-free energy sources where possible. In power generation, Hut 8 holds an 80.1% interest in four plants in , , through a with Macquarie , providing 205 MW of capacity. In July 2025, the company secured five-year capacity contracts with the Independent Electricity System Operator (IESO) for 310 MW across these assets, enhancing revenue stability with inflation protection. Key sites include the 592-acre River Bend campus in , secured in February 2025 for expansion, and the 205 MW Vega Data Center in , energized in 2025 to support ASIC compute. Hut 8 also pursues a 10,800 MW power origination pipeline incorporating hydro, nuclear, , and solar sources. Expansions in 2025 include plans announced in August for four new U.S. sites totaling 1,530 MW under development, bringing the overall platform to 19 sites and approximately 2,550 MW of combined capacity. These greenfield projects emphasize scalable, resilient designs for energy-intensive applications like and AI . One non-operational site was reported as of , 2024.

Machines and tools

Hut 8's compute operations leverage specialized hardware for mining and . In mining, the company deploys (ASIC) miners, achieving a self-mining hashrate of approximately 24 exahashes per second (EH/s) as of September 2025. These operations were restructured into American Corp., a majority-owned formed in March 2025, focusing on sustainable, industrial-scale mining with strategic reserves. ASIC colocation services host third-party servers in dedicated data centers, supporting up to 15 EH/s at facilities like . For HPC and AI, Hut 8 provides CPU colocation for enterprise-grade storage and compute, alongside 430 MW of AI-enabled . Through its wholly owned Highrise AI, the company offers GPU-as-a-Service using 1,000 H100 graphics processing units (GPUs) as of June 30, 2025, enabling bare-metal performance for AI model training and deployment. Additionally, Hut 8 delivers services, including and private solutions for backup, storage, and low-latency HPC, via Tier III-grade in Canadian facilities such as those in , , and the .

Impact and legacy

Contributions to the energy and digital infrastructure sectors

Hut 8 Corp. has significantly influenced the industry by pioneering sustainable practices and integrating energy infrastructure with . Founded in as a mining firm, the company became the first Canadian miner to list on the Global Select Market in 2021, setting a for in the sector. Following its 2023 merger with U.S. Bitcoin Corp., Hut 8 adopted a power-first , managing over 1,000 MW of capacity across 15 North American sites as of 2025. This approach has enabled the company to support energy-intensive technologies like mining and AI computing while minimizing environmental impact. Hut 8's operations utilize high percentages of carbon-free , with 94% in and 97% in , contributing to reduced carbon emissions in the crypto industry. In , Hut 8 restructured its mining operations into American Bitcoin Corp. in partnership with , emphasizing sustainable mining standards. The company also expanded into AI-enabled data centers, including the 592-acre River Bend site in , and secured five-year capacity contracts with the Independent Electricity System Operator (IESO) for 310 MW in July 2025. These developments have diversified its portfolio to include 430 MW of AI facilities and a 10,800 MW power origination pipeline incorporating renewable sources like hydro, , and solar. As of Q3 2025, Hut 8 reported a total hashrate of 26.8 EH/s, reflecting a 14.8 EH/s increase from earlier in the year. Hut 8's innovations, such as GPU-as-a-Service through Highrise AI and colocation services, have supported the growth of , positioning the company as a key player at the intersection of energy and technology. Its with Macquarie Asset Management for plants in further demonstrates its role in stabilizing energy supply for compute-intensive applications.

Recognition and ongoing legacy

Hut 8 Corp. has received recognition for its environmental, social, and governance (ESG) performance, including annual ESG reports that highlight industry-leading metrics. The company committed to carbon neutrality for Scope 1 and 2 greenhouse gas emissions by 2025, offsetting 369 metric tonnes of e-waste in 2023 and generating carbon credits through programs. As of 2025, Hut 8 maintains a medium ESG risk rating and aligns with standards like SASB and GRI. The company's legacy is tied to its namesake, the historic Hut 8 at , symbolizing in . Under including CEO Asher Genoot, Hut 8 continues to drive accountability and merit-based growth, influencing the evolution of mining from energy-intensive to sustainable practices and expanding into AI . In July 2025, it rebranded to reflect its platform-driven model, with plans for four new sites announced in August 2025. As of November 2025, Hut 8's efforts have helped shorten the path to greener digital economies, preserving resources and accelerating adoption of in compute technologies.

References

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