Hut 8 tips 66% hashrate boost after deal to buy 31K Bitcoin miners
Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.
Bitcoin miner Hut 8 forecasts its self-mining hash rate will increase by 66% around the first quarter of 2025 after agreeing to buy 31,145 Bitmain Antminers S21+ machines.
Hut 8 agreed to pay $15 per terahash for the miners, scheduled for delivery in early Q1 2025, the firm revealed in a Nov. 6 statement.
Hut 8 expects its self-mining hashrate to increase from 5.6 exahashes per second to around 9.3 exhashes per second (EH/s) once the machines are installed — marking a 66% increase.
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Author: Brayden Lindrea
