Tag: Hut 8

Miami-based cryptocurrency mining company Hut 8 has strengthened its partnership with the mining equipment manufacturer Bitmain. Both companies just unveiled plans to launch the U3S21EXPH, an advanced ASIC mining machine boasting speeds of up to 860 TH/s. According to a press release published on September 19, the machine, slated for ...

Canadian cryptocurrency startup Hut 8 Mining has secured a $50 million credit line from US-based exchange Coinbase.  Hut 8 announced this development on June 26, 2023, after it completed the credit agreement with Coinbase Credit, the lending division of Coinbase. Under the credit facility, Hut 8 Holdings, a subsidiary of ...