Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 2698
Markets: 22707
CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
Market Cap
24h Vol
2698
Cryptocurrencies
63.57%
Bitcoin Share
Seeking Alpha 2021-06-30 13:07:49

Hut 8 Mining purchases 11K new MicroBT Miners for $44M

Hut 8 Mining purchases 11K new MicroBT Miners for $44M

Hut 8 Mining (HUT) executed a $44.4M purchase of 11,090 MicroBT M30S, M30S+ and M31S miners from SuperAcme Technology (Hong Kong) representing ~$44/Terahash.The miners delivery is expected to commence in October 2021 with full deployment seen completed by December 2021.This purchase complements a smaller purchase of 863 M30S+ and M30S miners made earlier this week that is expected to be delivered and fully deployed in July 2021.With both purchases and full deployment, anticipated production capacity increase is expected to be 1.081 E/H, which combined with earlier announced investments, should bring Hut 8's total installed capacity to ~2.5 E/H.The new fleet of miners is expected to make up the first operational fleet in Hut 8 Mining's planned 100 MW facility being developed in partnership with Validus Power.In the current bitcoin network dynamics, these hashrate installations are expected to increase Hut 8's current average production from 6.5–7.5 Bitcoin per day, to 14–16

Most Read News

Market Cap
24h Vol
63.57%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.