TransAlta to acquire 310 MW power portfolio of Hut 8.

TransAlta, a power generator company, agreed to acquire 310 MW power portfolio of Hut 8, an energy infrastructure platform. Financial terms were not dsiclosed. "Our power-native team executed a disciplined program to strengthen the four natural-gas power plants comprising the Portfolio, enhancing their operational and commercial footing. This work enabled the award of investment-grade, long-term capacity contracts across all four sites through the MT2 process. With that foundation in place, we created the appropriate conditions to crystallize the value of the Portfolio for our shareholders," Asher Genoot, Hut 8 CEO.