Hut 8 and Bitmain Launch Next-Generation ASIC Miner, Increasing Hash Rate by 80%
2024-09-19 22:29:46
Hut corp. announced expanded special continent technology cooperationdesk3cryptocurrencydesktopCrypto News
Hut 8 Corp. announced the expansion of its partnership with Bitmain Technologies to launch its next-generation ASIC miner, the U3S21EXPH. Hut 8 plans to deploy the model via a 15 exahash per second colocation agreement in the second quarter of 2025, leveraging custom data center infrastructure developed in-house.
According to the press release, the initial agreement includes approximately 15 EH/s and is expected to increase the hash rate managed by Hut 8 from 18.5 EH/s to approximately 33.5 EH/s, an increase of 80%. At press time, the price of Hut 8 stock (ticker: HUT) was up more than 7%.
According to the press release, the initial agreement includes approximately 15 EH/s and is expected to increase the hash rate managed by Hut 8 from 18.5 EH/s to approximately 33.5 EH/s, an increase of 80%. At press time, the price of Hut 8 stock (ticker: HUT) was up more than 7%.
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