Hut 8 to Sell 4 Natural Gas Power Plants to TransAlta in Ontario-March 2024-www.financetom.com

Hut 8 to Sell 4 Natural Gas Power Plants to TransAlta in Ontario

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Hut 8 to Sell 4 Natural Gas Power Plants to TransAlta in Ontario

Nov 17, 2025 5:53 AM

08:18 AM EST, 11/17/2025 (MT Newswires) -- Hut 8 ( HUT ) said Monday it has agreed to sell its 310-megawatt portfolio of four natural gas-fired power plants in Ontario to TransAlta ( TAC ) .

Financial terms were not disclosed.

The four power plants are owned and operated by Far North Power, an entity created by Hut 8 ( HUT ) and Macquarie's Equipment Finance unit, Hut 8 ( HUT ) said.

Shares of Hut 8 ( HUT ) were 1.5% higher in recent Monday premarket activity, while TransAlta's ( TAC ) stock was up 2.9%.

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