Hut 8 sells 310 MW Ontario gas plant portfolio to TransAlta; no financial terms disclosed

Hut 8 Corp.

TransAlta acquires four natural-gas power plants (310 MW total) from Far North Power Corp, owned by Hut 8 and Macquarie.
Portfolio recently secured five-year capacity contracts via Ontario IESO MT2 auction, transitioning from short-term agreements.
Hut 8 says sale allows redeployment of capital into large-scale digital infrastructure development; no purchase price disclosed.
CIBC Capital Markets advised Hut 8; Bennett Jones LLP acted as legal counsel.

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