Hut 8 Buys $44M Worth of Mining Machines to Double Its Hashrate

Canadian crypto-mining firm Hut 8 Mining will nearly double its hashrate by the top of the yr with the acquisition of 11,090 new mining machines for $44 million, the corporate mentioned in a press release in the present day. 

The buy comes on the heels of a $82 million spherical of fundraising that the corporate mentioned would assist broaden its crypto mining capability. 

The machines are MicroBT M30S, M30S+ and M31S fashions from Hong Kong-based SuperAcme (*8*). They are anticipated to be delivered in October and totally deployed by December. 

The further capability is ready to push Hut 8’s hashrate to 2.5 exahashes per second (EH/s), growing Hut 8’s present common manufacturing of 6.5 to 7.5 bitcoins mined a day to 14 to 16 bitcoins a day. One exahash per second means a machine can compute one quintillion calculations per second. A quintillion is a quantity adopted by 18 zeros.

Recommended For You

About the Author: Daniel