08:00 AM EDT, 10/04/2024 (MT Newswires) -- Hut 8 Corp. ( HUT ) , an operator of large-scale energy infrastructure and one of North America's largest Bitcoin miners, was at last look up 1.8% in US premarket trade on Friday after releasing its operations update for September 2024.

Among highlights: it announced a partnership with BITMAIN to host U3S21EXPH ASIC miner in the first half of 2025 with path to 20 EH/s of self-mining capacity. It said the partnership is expected to generate near US$135 million in annualized hosting revenue on a fully ramped basis.

Of other highlights, it brought 1,000 NVIDIA H100 GPUs online and began generating revenue for new GPU-as-a-service subsidiary Highrise AI, Inc. Also, it announced equitization of a near $38 million Anchorage Digital loan at a price of $16.395 per share. And it continued construction of Ionic Digital's Cedarvale site and "remain on track" to complete site buildout by December.

HUT was down $0.31 or 1.9% at $15.88 on the TSX yesterday.