Macquarie and Hut 8 acquire four natural gas power plants in Ontario for C$64.3M

Macquarie Equipment Finance and Hut 8 Corp. closed the acquisition of four natural-gas-fired generating facilities in Ontario from Validus Power Corp. for approximately C$64.3 million, forming Far North Power Corp. to own the 310 MW of power infrastructure.

“On February 15, 2024, Macquarie Equipment Finance Ltd. successfully closed the acquisition, in partnership with Hut 8 Corp., of four natural gas power plants located in Ontario from Validus Power Corp. for total consideration of approximately C$64.3 million.”torys.com

• 2 sources
• torys.comMacquarie acquisition with Hut 8 of four generating facilities in Ontario | Work | Torys LLPFeb 1, 2024
• wp.hut8corp.comHut 8 completes transaction to acquire four power generation facilities totaling 310 MW in partnership with Macquarie - Hut 8Eoin FayFeb 15, 2024

Summarized from public sources; check the original articles before acting on it.