Construction Sourcing Manager Principal
About the job
- A bachelor's degree in construction management, Supply Chain, Engineering, or a related field is preferred, though equivalent experience is considered.
- At least 5 years of experience in subcontract buyout, procurement, or contracts management on large capital projects is required.
- Demonstrated experience leveling trade bids and negotiating subcontracts across multiple trade scopes is required.
- Ability to read drawings and specifications sufficiently to write a scope sheet and identify scope gaps is required.
- Working knowledge of trade labor markets, including union and open shop dynamics, is required.
- Ability to work in a fast-paced, evolving infrastructure or industrial environment is required.
- Build a subtrade sourcing plan for each site, including package strategy, target bidders, and a buyout schedule tied to the construction schedule.
- Map and prequalify subtrade partners in each market based on capacity, safety record (EMR, TRIR, and OSHA history), bonding, financial health, manpower, and project history.
- Write scope sheets, run competitive bids, and level bids to close scope gaps before award.
- Negotiate subcontracts, labor and unit rates, escalation, and manpower commitments, and put program agreements in place with proven partners.
- Track trade capacity and competing projects, identify early risk indicators, and escalate risks before they affect the schedule.
- Review change orders, T&M tickets, and claims for merit and price, and keep payments aligned with contractual milestones.
- Score subtrade partners after each project and recommend improvements that reduce risk and improve cash flow timing.
- Data center or mission-critical project experience is preferred.
- Buyout experience on the general contractor side is preferred.
- Experience with ERP systems such as SAP, Oracle, Coupa, or Odoo is preferred.
About the company
Hut 8 operates in digital asset mining and high-performance computing infrastructure. It mines Bitcoin at scale with vertically integrated operations, owning mining hardware and managing power and facilities to control costs and profitability. In addition to mining, Hut 8 offers enterprise-grade technology services, including cloud and colocation data centers and high-performance computing infrastructure designed for security, reliability, and scalability. The company’s business model blends mining with enterprise data-center services to reduce cryptocurrency market risk while capitalizing on demand for compute-at-scale and digital infrastructure. Hut 8 differentiates itself by owning and operating its own energy and infrastructure, allowing tighter cost control, and by serving enterprise clients with secure, scalable data-center solutions alongside its mining activities.
Company Size
201-500
Company Stage
IPO
Headquarters
Miami, Florida
Founded
2020
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Simplify's Take
What believers are saying
- September 28, 2026 revolver expands parent liquidity and funds interconnection deposits without cash collateral.
- Beacon Point and River Bend represent 949 MW contracted AI capacity and $26.6 billion value.
- Initial Beacon Point energization remains targeted for Q1 2027, preserving near-term commercialization timing.
What critics are saying
- Texas ERCOT review still threatens Beacon Point energization; Hut 8 lacks formal authorization.
- Beacon Point’s second phase begins in Q2 2028, leaving execution exposed for eighteen months.
- If the unnamed hyperscaler defects, Hut 8 loses $19.6 billion of contracted campus value.
What makes Hut 8 unique
- Hut 8 commercialized Beacon Point with two 15-year leases totaling 704 MW on July 20, 2026.
- Hut 8 pairs power origination, data-center development, and project financing into one platform.
- Hut 8 secured $7.5 billion non-recourse project financing and a $1.07 billion revolver in 2026.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Sabbatical Leave
Hybrid Work Options
Stock Options
Company Equity
401(k) Retirement Plan
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
Conference Attendance Budget
Professional Development Budget
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Parental Leave
Relocation Assistance
Commuter Benefits
Employee Referral Bonus
Tuition Reimbursement
Professional Certification Support
Mentorship Program
Training Programs
Education allowance
Tuition Reimbursement
Meal Benefits
Pet Insurance
Legal Services
Employee Discounts
Company Social Events
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -2%2 year growth
↑ 0%Get concise insights into Hut 8's operations, services, leadership team, market strategy, and competitive positioning.
Hut 8 has secured a $1.07 billion four-year senior secured revolving credit facility to strengthen its corporate liquidity. The facility offers committed capital with a drawn margin ranging from SOFR plus 150 to 200 basis points, based on the company's consolidated performance.
Hut 8 has acquired bankrupt crypto miner Poolin's two Texas data centre facilities for $140 million, according to court filings. The winning bid secures the "Pyote" and "Tarbush" sites, adding to Hut 8's existing Beacon Point campus in Texas. Hut 8's offer was nearly triple the $52 million opening bid, beating out competing offers that reached $137 million. Poolin filed for Chapter 11 bankruptcy protection in July after winding down its Texas crypto mining operations. The acquisition expands Hut 8's data centre portfolio as the former Bitcoin miner pivots to data centre operations. The company now has 949 MW of contracted artificial intelligence infrastructure capacity, representing an estimated $26.6 billion in expected contract value. Hut 8 stock has risen 170% over the past 12 months.
Hut 8 Corp. shares jumped nearly 5% in overnight trading Monday after reports emerged that the company will develop a data center as part of a $35 billion cloud-computing deal between Anthropic and Nvidia Corp. According to The Wall Street Journal, Hut 8 will develop the data center in Nueces County, Texas. The company signed an agreement with Nvidia weeks ago to secure capacity. Lambda will use Hut's data center to plug in chips bought from Nvidia, whilst Nvidia will hold the lease. The deal adds to Hut 8's growing portfolio. The company is already developing data centers for Anthropic to use Google's tensor processing units, backed by financial guarantees from Google. In July, Hut 8 announced 15-year leases for its entire 700-megawatt Texas campus to an unnamed company.
Sean Joseph Glennan, Chief Financial Officer of Hut 8 Corp., sold 6,445 shares at $78.76 per share on 24 August 2026, according to an SEC filing. The sale was worth approximately $508,000. The transaction was executed automatically under a Rule 10b5-1 trading plan to cover tax liabilities from vesting restricted stock units, not a discretionary sale. Despite the sale, Glennan's direct holdings increased from 12,068 to 17,978 shares following the vesting event. The sale occurred as Hut 8's stock achieved a 240% return over the prior year. Shares closed at $79.56 on the transaction date, giving the company a market capitalisation of $9.0 billion. Hut 8 operates as an energy infrastructure platform serving energy-intensive computing operations, including cryptocurrency mining and data centres.