Compared to non-cavitating flow, cavitating flow is much complex owing to the numerical difficulties caused by cavity generation and collapse. In the present work, cavitating flow around a two-dimensional Clark-Y hydrofoil is studied numerically with particular emphasis on understanding the cavitation structures and the shedding dynamics. A cavitation model, coupled with the mixture multi-phase approach, and the modified shear stress transport k-ω turbulence model has been developed and implemented in this study to calculate the pressure, velocity, and vapor volume fraction of the hydrofoil. The cavitation model has been implemented in ANSYS FLUENT platform. The hydrofoil has a fixed angle of attack of α = 8° with a Reynolds number of Re = 7.5 × 105. Simulations have been carried out for various cavitation numbers ranging from non-cavitating flows to the cloud cavitation regime. In particular, we compared the lift and drag coefficients, the cavitation dynamics, and the time-averaged velocity with available experimental data. The comparisons between the numerical and experimental results show that the present numerical method is capable to predict the formation, breakup, shedding, and collapse of the sheet/cloud cavity. The periodical formation, shedding, and collapse of sheet/cloud cavity lead to substantial increase in turbulent velocity fluctuations in the cavitation regimes around the hydrofoil and in the wake flow.