Joint venture with NextEra Energy at King Mountain
Company: Hut 8 - Project: King Mountain
The claim, verbatim
USBTC has a 50% membership interest in TZRC LLC alongside NextEra Energy, Inc. for mining operations at King Mountain, Texas
Source (primary)
Hut 8 424B3 filed 2023-11-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “TZRC LLC, the joint venture entity in which USBTC has a 50% membership interest alongside NextEra Energy, Inc.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The prospectus describes TZRC LLC as the joint venture in which USBTC holds a 50% interest alongside NextEra Energy, Inc. It also states that the joint venture's mining operations are in King Mountain, Texas.
Confirmed in the source:
- USBTC has a 50% membership interest in TZRC LLC
- USBTC holds this interest alongside NextEra Energy, Inc.
- The joint venture's mining operations are located in King Mountain, Texas
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465923116384/tm235928-42_424b3.htm) in full (1,232,285 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 424B3 filed 2023-11-09
Quote: “TZRC LLC, the joint venture entity in which USBTC has a 50% membership interest alongside NextEra Energy, Inc.”