Sale of 310 MW natural gas power portfolio to TransAlta
Company: Hut 8
The claim, verbatim
Hut 8 entered into a definitive share purchase agreement with TransAlta Corporation to sell a 310-megawatt portfolio of four natural gas-fired power plants in Ontario
Source (primary)
hut-8 8-K exhibit (hut-20251117xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-25)Live source ↗
Quote: “entered into a definitive share purchase agreement (the "Agreement") with TransAlta Corporation... Under the Agreement, TransAlta will acquire the 310-megawatt portfolio of four natural gas-fired power plants in Ontario”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The press release states that Hut 8 entered into a definitive share purchase agreement under which TransAlta will acquire the 310 MW portfolio of four gas-fired plants in Ontario. The release notes the plants are owned by Far North Power Corp., an entity formed by Hut 8 and Macquarie.
Confirmed in the source:
- Hut 8 entered into a definitive share purchase agreement with TransAlta Corporation
- Under the agreement, TransAlta will acquire a 310-megawatt portfolio
- The portfolio consists of four natural gas-fired power plants in Ontario
- The transaction is described as a sale by Hut 8 of the power portfolio to TransAlta
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000110465925112928/hut-20251117xex99d1.htm) in full (10,071 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (hut-20251117xex99d1.htm)
Quote: “entered into a definitive share purchase agreement (the "Agreement") with TransAlta Corporation... Under the Agreement, TransAlta will acquire the 310-megawatt portfolio of four natural gas-fired power plants in Ontario”