Hut 8 Mining Corp
HUT
Information Technology
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Hut 8 Corp operates energy-intensive Bitcoin mining and high-performance computing data centers across North America. Through a joint venture with Macquarie, Hut 8 owned and operated a portfolio of four natural gas power plants in Ontario totaling 310 MW, which it recently sold to TransAlta. Proof-of-work Bitcoin mining consumed an estimated 138 TWh globally in 2025, producing 39.8 Mt CO2 annually per Nature research. Hut 8 has pivoted toward AI data center infrastructure with a $7 billion, 15-year lease backed by Google, but this expansion intensifies rather than reduces its energy footprint. The company's operations contribute significant carbon emissions from electricity consumption, with natural gas generation at its Ontario facilities adding direct fossil fuel combustion to the mix.
Research Sources
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