IESO capacity contracts for Far North Power (310 MW)
Company: Hut 8
What the later record shows
Outcome not yet confirmed
No passage says whether the IESO capacity contracts commenced on May 1, 2026. The 2025 10-K says Hut 8 agreed to sell its interest in the Far North JV, but it does not say the contracts were cancelled.
“During the twelve months ended December 31, 2025, the Company entered into an agreement to sell all of its equity interests in the Far North JV.”
2026-02-24 · Hut 8 10-K filed 2026-02-25 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Hut 8 secured five-year capacity contracts with Ontario's IESO for 310 MW of power generation assets owned by Far North Power Corp., a Hut 8 and Macquarie entity, commencing May 1, 2026.
Source (primary)
hut-8 8-K exhibit (hut-20250807xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-08)Live source ↗
Quote: “Secured five-year capacity contracts with the Ontario Independent Electricity System Operator ( “ IESO ” ) for 310 MW of Power Generation assets owned and operated by Far North Power Corp. ... The contracts will commence on May 1, 2026.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The press release's Power highlights state each element of this claim: the five-year IESO contracts, 310 MW, Far North's ownership, the Hut 8–Macquarie formation, and the May 1, 2026 start date.
Confirmed in the source:
- Hut 8 secured five-year capacity contracts with Ontario's Independent Electricity System Operator (IESO)
- The contracts cover 310 MW of power generation assets
- The assets are owned (and operated) by Far North Power Corp.
- Far North Power Corp. is an entity formed by Hut 8 and Macquarie Equipment Finance Ltd.
- The contracts commence on May 1, 2026
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000155837025010632/hut-20250807xex99d1.htm) in full (22,441 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (hut-20250807xex99d1.htm)
Quote: “Secured five-year capacity contracts with the Ontario Independent Electricity System Operator ( “ IESO ” ) for 310 MW of Power Generation assets owned and operated by Far North Power Corp. ... The contracts will commence on May 1, 2026.”