Hut 8 Corp., a Cryptocurrency Mining company and major energy operator in North America, announced the purchase of 31,145 BITMAIN Antminer S21+ units as part of its initial ASIC fleet upgrade.
The company has agreed to a price of $15.00 per terahash for these miners, which are scheduled for delivery in early Q1 2025.
Asher Genoot, CEO of Hut 8, Source: LinkedIn
Hut 8 plans to use these new miners to improve the efficiency of its 111 MW self-mining capacity at existing sites. Once operational, the upgrade will increase Hut 8’s self-mining rate by about 3.7 exahashes per second (EH/s), reaching a total of around 9.3 EH/s—a 66% increase.
“After extensive modeling, we selected the BITMAIN Antminer S21+ for our initial fleet upgrade due to its strong return profile relative to higher-efficiency models that require larger capital outlays,” said Asher Genoot, CEO of Hut 8.
“The S21+ offers a faster payback period than more efficient models across a wide band of future hashprice scenarios, enabling us to optimize investment returns and accelerate value creation.”
This move is also expected to improve energy efficiency, reducing power consumption from 31.7 to 19.9 joules per terahash, which marks a 37% improvement.
Hut 8 Announces Initial ASIC Fleet Upgrade – Green Stock News https://t.co/cm08Dba3Pu $HUT #cleantech #blockchain #news #stocks pic.twitter.com/m5PSv8PX6a
— Green Stock News (@greenstocknews) November 6, 2024
Cryptocurrency Mining Capacity Expansion Planned
Hut 8’s existing option to purchase approximately 15 EH/s of hosted ASIC miners at its Vega site could allow it to reach about 24 EH/s in self-mining capacity by Q2 2025, achieving an average efficiency of 15.7 J/TH.
Genoot added: “Deep, strategic partnerships across the value chain are central to our approach to building a next-generation energy infrastructure platform.”
“This purchase builds on our previously announced ~15 EH/s partnership with BITMAIN to host the U3S21EXPH ASIC miner, and we look forward to further developing our relationship with BITMAIN and other partners as we focus on disciplined, creatively structured growth across Bitcoin mining and AI compute infrastructure.”
According to Hut 8, this upgrade aligns with company’s long-term strategy to grow in energy-demanding sectors like Bitcoin mining and AI computing, aiming to maximize returns from its energy assets and infrastructure.
Nice blog here Also your site loads up fast What host are you using Can I get your affiliate link to your host I wish my web site loaded up as quickly as yours lol
What i do not realize is in fact how you are no longer actually much more wellfavored than you might be right now Youre very intelligent You recognize thus considerably in relation to this topic made me in my view believe it from numerous numerous angles Its like men and women are not fascinated until it is one thing to do with Lady gaga Your own stuffs excellent All the time handle it up
Back Magazin Good post! We will be linking to this particularly great post on our site. Keep up the great writing
where can i buy clomiphene pill where buy cheap clomid without prescription clomiphene for sale cost of clomiphene without insurance buying generic clomiphene tablets how to get clomid no prescription where buy clomiphene pill
Thanks on sharing. It’s top quality.
Thanks for putting this up. It’s evidently done.
where to buy zithromax without a prescription – tinidazole 500mg sale buy flagyl 400mg generic
where to buy semaglutide without a prescription – order rybelsus 14 mg without prescription cyproheptadine 4 mg pill
buy motilium online cheap – cost flexeril 15mg purchase flexeril online
inderal 20mg for sale – buy methotrexate 5mg generic oral methotrexate 2.5mg
order amoxil sale – valsartan 160mg pill buy generic ipratropium for sale
zithromax 250mg usa – buy nebivolol 20mg cheap bystolic 20mg
augmentin 375mg without prescription – https://atbioinfo.com/ ampicillin us
buy esomeprazole pill – https://anexamate.com/ buy nexium sale
buy warfarin for sale – cou mamide how to buy losartan
brand mobic – https://moboxsin.com/ meloxicam sale
cheap prednisone – apreplson.com generic deltasone 10mg
buy cheap ed pills – fastedtotake mens erection pills
purchase forcan without prescription – https://gpdifluca.com/# buy diflucan generic
buy cenforce 100mg pill – on this site order cenforce 100mg online cheap
ranitidine price – buy zantac 150mg generic zantac ca
Good blog you be undergoing here.. It’s intricate to espy elevated quality script like yours these days. I justifiably appreciate individuals like you! Go through mindfulness!! clomid espaГ±a
Thanks on putting this up. It’s evidently done. https://ursxdol.com/propecia-tablets-online/
With thanks. Loads of erudition! https://prohnrg.com/product/orlistat-pills-di/
I’ll certainly bring to read more. https://aranitidine.com/fr/modalert-en-france/