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Variational tensor network renormalization in imaginary time: benchmark results in the Hubbard model at finite temperature

A Gibbs operator $e^{-βH}$ for a 2D lattice system with a Hamiltonian $H$ can be represented by a 3D tensor network, the third dimension being the imaginary time (inverse temperature) $β$. Coarse-graining the network along $β$ results in an accurate 2D projected entangled-pair operator (PEPO) with a finite bond dimension. The coarse-graining is performed by a tree tensor network of isometries that are optimized variationally to maximize the accuracy of the PEPO. The algorithm is applied to the two-dimensional Hubbard model on an infinite square lattice. Benchmark results are obtained that are consistent with the best cluster dynamical mean-field theory and power series expansion in the regime of parameters where they yield mutually consistent results.