TransAlta Acquires Ontario Power Plants from Hut eight
Update: 2025-11-17
Description
TransAlta Corporation acquires four natural gas power plants from Far North Power, a company formed by Hut eight Corporation and Macquarie Equipment Finance. This deal allows Hut eight to monetize assets and focus on their core business of developing large-scale digital infrastructure. The plants secured five-year capacity contracts, improving cash flow stability and making them a more attractive asset. TransAlta expands its operational footprint and contracted assets in Ontario, strengthening its reliable power generation portfolio in a growing market.
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