CandleFocus Hut 8's Cryptocurrency Mining Upgrade Targets 66% Hashrate Growth by 2025
2024-11-06
Author: Content Editor
Cryptocurrency mining company Hut 8 Corp. has announced the purchase of 31,145 BITMAIN Antminer S21+ units as part of its initial ASIC fleet upgrade. The company plans to use these new miners to improve the efficiency of its self-mining capacity and increase its mining rate by 66%. The purchase is expected to reduce power consumption and improve energy efficiency by 37%. Hut 8 also has existing options to purchase additional miners, allowing it to further increase its self-mining capacity. The company aims to maximize returns from its energy assets and infrastructure in energy-demanding sectors like Bitcoin mining and AI computing.
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