Hut 8

*Projected AI capacity, bitcoin-mining sites excluded: the fleet online today, plus each block's remaining capacity once its scheduled delivery falls before that year end (the delivery end date; failing that the delivery start date; failing that the energization target plus one year), plus each pipeline site's planned capacity (the sum of its block targets, or its theoretical capacity when no block states one) one year after its first energization target. A bitcoin-mining site contributes only the AI capacity a block explicitly estimates for EoY 2028 — a conversion someone has assessed — counted in full, since what runs there today is mining. Past its last scheduled date, in 2027 and 2028 a site is assumed to keep adding its current in-build amount each year, up to its theoretical capacity in IT load. Blocks without a signed customer count in full (no haircut set in the common metrics).

** Estimated: the source reported this figure on a gross basis. It is shown in IT load by dividing by the PUE common metric, currently 1.3.