Bitcoin miner Hut8 has dedicated $16 million to broaden water capability in West Feliciana Parish, Louisiana, as a part of its plans to develop the Riverbend AI knowledge middle campus.
The funding contains new wells, about eight miles of water mains and different system upgrades, in line with Tuesday’s announcement. Hut 8 mentioned the property shall be transferred to the diocese for gratis to taxpayers upon completion, which is scheduled for the second half of 2026.
The primary part of the Riverbend campus represents a multibillion-dollar capital funding and is predicted to help roughly 1,000 building staff throughout peak building and a minimum of 75 everlasting jobs as soon as operational, Hut8 mentioned.
The corporate mentioned the campus will use a closed-loop cooling system designed to scale back ongoing water demand and depend on water sources exterior of residential aquifers.
The Riverbend campus is a part of Hut8’s North American Power and Digital Infrastructure Platform, which the corporate says is being developed in collaboration with stakeholders in the private and non-private sectors.
Hat 8 shares have risen for the reason that starting of the 12 months on the again of growth of AI infrastructure
Regardless of posting consecutive quarterly losses in late 2025 and early 2026, Hut 8’s inventory worth is up about 93% year-to-date as traders more and more give attention to the corporate’s AI infrastructure and energy leasing companies, in line with knowledge from Bitcoinminingstock.io.
In December 2025, Hut8 signed a 15-year lease for 245MW of AI knowledge middle capability at its Riverbend campus, valued at $7 billion, in line with the corporate. Hut 8 mentioned the deal contains funds which can be financially backed by Google.
Pursuant to this settlement, the corporate introduced in Could that it had entered into a brand new 15-year lease tied to 352 MW of capability at its Beacon Level campus in Texas, valued at $9.8 billion. Hut 8 added that contracted lease income related to 597 MW of AI knowledge middle capability throughout the 2 campuses is valued at a mixed $16.8 billion.
Shares of publicly traded Bitcoin mining firms have risen considerably this 12 months, with the highest 10 miners by market capitalization all up double digits for the reason that begin of the 12 months, knowledge reveals.
sauce: Bitcoinminingstocks.io
This achieve comes regardless of continued stress on mining profitability throughout the sector. Publicly traded miners bought greater than 32,000 bitcoins within the first quarter of 2026, however the hash worth, a measure of miners’ income, has fallen to about $35 per petahash per second per day, close to the break-even level for some operators.
