King Mountain Joint Venture with NextEra Energy
Company: Hut 8 - Project: King Mountain
The claim, verbatim
New Hut (via USBTC) holds 50% membership interest in King Mountain JV, which owns 1.7 EH/s of Bitcoin mining capacity, in partnership with NextEra Energy, Inc.
Source (primary)
Hut 8 S-4/A filed 2023-04-18 (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 1.7 EH/s King Mountain capacity, the 50% membership interest, and NextEra as the JV partner.
Confirmed in the source:
- USBTC holds 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/1964789/000110465923046342/tm235928-4_s4.htm) in full (1,280,835 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 S-4/A filed 2023-04-18
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")”