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Hut 8 to acquire four Canadian power plants and a new Bitcoin mining farm

Hut 8 announced it will further accelerate its growth by acquiring four Canadian power plants and a new Bitcoin mining site. The company's subsidiary, BidCo, has won the bid to acquire Ontario gas-fired power plants and the North Bay Bitcoin mine owned by Validus Power Corp. The total capacity of the four power plants is 310 megawatts (MW), and the bidding amount has not been disclosed. It is reported that the transaction is scheduled to be completed in January, pending court approval.

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