Bitcoin miner Hut8 has dedicated $16 million to develop water capability in West Feliciana Parish, Louisiana, as a part of its plans to develop the Riverbend AI knowledge heart campus.
The funding contains new wells, about eight miles of water mains and different system upgrades, in keeping with Tuesday's announcement. Hut 8 stated the property will likely be transferred to the diocese for free of charge 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 development staff throughout peak development and not less than 75 everlasting jobs as soon as operational, Hut8 stated.
The corporate stated the campus will use a closed-loop cooling system designed to cut back ongoing water demand and depend on water sources outdoors of residential aquifers.
The Riverbend campus is a part of Hut8's North American Vitality 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 enlargement of AI infrastructure
Regardless of posting consecutive quarterly losses in late 2025 and early 2026, Hut 8's inventory value is up about 93% year-to-date as buyers more and more give attention to the corporate's AI infrastructure and energy leasing companies, in keeping with knowledge from Bitcoinminingstock.io.
In December 2025, Hut8 signed a 15-year lease for 245MW of AI knowledge heart capability at its Riverbend campus, valued at $7 billion, in keeping with the corporate. Hut 8 stated 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 heart capability throughout the 2 campuses is valued at a mixed $16.8 billion.
Shares of publicly traded Bitcoin mining corporations 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 exhibits.
sauce: Bitcoinminingstocks.io
This achieve comes regardless of continued stress on mining profitability throughout the sector. Publicly traded miners offered greater than 32,000 bitcoins within the first quarter of 2026, however the hash value, a measure of miners' earnings, has fallen to about $35 per petahash per second per day, close to the break-even level for some operators.
