50% ownership in King Mountain mining joint venture with NextEra Energy
Company: Hut 8 - Project: King Mountain
The claim, verbatim
USBTC has a 50% membership interest in the King Mountain JV alongside NextEra Energy, Inc., which operates 1.7 EH/s of installed self-mining capacity at the King Mountain, Texas site.
Source (primary)
Hut 8 S-4/A filed 2023-07-17 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The 1.7 EH/s installed self-mining capacity at the King Mountain, Texas site is owned by the joint venture (the "King Mountain JV") in which USBTC has a 50% membership interest alongside NextEra Energy, Inc. ("NextEra").”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states the 50% interest, the NextEra counterparty, and the 1.7 EH/s figure at King Mountain.
Confirmed in the source:
- USBTC has a 50% membership interest in the King Mountain JV alongside NextEra Energy, Inc.
- The King Mountain, Texas site has 1.7 EH/s of installed self-mining capacity owned by the JV
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465923081328/tm235928-13_s4a.htm) in full (1,364,734 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 S-4/A filed 2023-07-17
Quote: “The 1.7 EH/s installed self-mining capacity at the King Mountain, Texas site is owned by the joint venture (the "King Mountain JV") in which USBTC has a 50% membership interest alongside NextEra Energy, Inc. ("NextEra").”