# 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.

- Type: Acquisition
- Announced: 2024-02-01
- Where: Ontario, Canada, Canada
- Value: $47.8M (64.3M CAD)
- Status: completed
- Capacity: 310 MW
- Products: natural gas power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Macquarie Equipment Finance](https://endata.com/companies/75383.md) (acquirer)
- [Macquarie Equipment Finance](https://endata.com/companies/75383.md) (partner)
- [Hut 8 Corp.](https://endata.com/companies/75384.md) (acquirer)
- [Validus Power Corp.](https://endata.com/companies/75385.md) (target)
- [Far North Power Corp.](https://endata.com/companies/75386.md) (partner)
- [Far North Power Corp.](https://endata.com/companies/75386.md) (target)

## Sources

- [torys.com](https://www.torys.com/work/2024/02/9596dc6d-18eb-47ae-ab24-939d9c82eddf), 2024-02-01: "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."
- [wp.hut8corp.com](https://wp.hut8corp.com/hut-8-completes-transaction-to-acquire-four-power-generation-facilities-totaling-310-mw-in-partnership-with-macquarie/), 2024-02-15: "Hut 8 Corp. has completed its previously announced stalking horse bid transaction to acquire four natural gas power plants in Ontario, Canada, in partnership with Macquarie Equipment Finance Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.