Funding round
Hut 8 Growth
Reported as "Growth Equity"
Hut 8, which works in energy infrastructure development and management in Miami, raised $150M in a Growth round announced on 13 Aug 2024. 1 firm took part.
$150M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Hut 8 did not disclose a valuation in this round. It is Hut 8's first venture round on record, 7 years after it was founded in 2017. No later venture round is on record for Hut 8.
Hut 8's funding rounds
This is the only venture round on record for Hut 8.
- Debt not a venture round 30 Dec 2021 $30M
- Debt not a venture round 12 Jan 2024 $65M
- Growth this round 13 Aug 2024 $150M
- Debt not a venture round 24 Jun 2025 $130M
- Debt not a venture round 28 Sep 2026, led by J.P. Morgan $1.07B
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Coatue backs 229 venture-backed companies new investor
Comparable rounds
How it compares
14 Growth rounds in Cryptocurrency within a year either side disclosed an amount; the median was $87M, and this round was 1.7 times the median. The closest in time, other companies' Growth rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 1 Aug 2024 | $50M | not disclosed | Ribbit |
| Cryptocurrency | 30 May 2024 | $70M | not disclosed | Paradigm |
| Cryptocurrency | 1 Dec 2024 | $100M | not disclosed | not named |
| Cryptocurrency | 31 Dec 2024 | $41M | not disclosed | Paradigm |
| Polymarket Cryptocurrency | 1 Jan 2025 | $150M | $1.20B | Founders Fund |
| Cryptocurrency | 15 Mar 2024 | $69M | $1.50B | Brevan Howard Digital and Framework Ventures |
| Cryptocurrency | 29 Feb 2024 | $74M | not disclosed | Bitmain and AntPool |
| Cryptocurrency | 29 Nov 2023 | $225M | $2.50B | Brevan Howard and Coinbase Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Hut 8 raise in its Growth round?
Hut 8 raised $150M in its Growth round, announced in Aug 2024.
Which investors took part in Hut 8's Growth round?
Coatue.
What was Hut 8's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Cryptocurrency?
14 Growth rounds in Cryptocurrency within a year either side disclosed an amount; the median was $87M, and this round was 1.7 times the median.