The total value of Hut 8’s Bitcoin holdings now exceeds $1 billion following a $100 million purchase. In a December 19 press release, the Bitcoin miner revealed that it had acquired 990 BTC at an average price of $101,710 per Bitcoin. This latest purchase brings its total Bitcoin holdings to 10,096 ...
Hut 8 Mining Corp, a prominent Bitcoin miner, anticipates a significant hash rate boost of 66% in early 2025 after securing a deal to acquire 31,145 Bitmain Antminer S21+ machines. According to a November 6 announcement, Hut 8 expects this acquisition to elevate its self-mining capacity from 5.6 exahashes per ...
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 ...
