Hut 8 Announces Initial ASIC Fleet Upgrade
Hut 8 Mining Corp. - Common Shares (HUT)
Company Research
Source: GlobeNewswire
Upgrade expected to improve average fleet efficiency from 31.7 to 19.9 J/TH and increase self-mining hashrate by ~66% Combined with BITMAIN purchase option at Vega, creates path to ~24 EH/s of self-mining hashrate with average fleet efficiency of 15.7 J/TH as early as Q2 2025 MIAMI, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today announced an initial ASIC fleet upgrade with the purchase of 31,145 BITMAIN Antminer S21+ miners. Under the purchase agreement, Hut 8 will acquire the miners at a price of $15.00 per terahash, with delivery expected in early Q1 2025. Hut 8 plans to upgrade 111 MW of self-mining capacity across existing sites with a focus on optimizing fleet efficiency and self-mining economics. Upon energization, expected in Q1 2025, the new miners are expected to increase the Company’s curr
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News
- Hut 8’s Strategic Bitcoin Reserve Surpasses $1 Billion in Market Value with Purchase of $100 Million of BitcoinGlobeNewswire
- Hut 8 Director Amy Wilkinson Named to the 2024 NACD Directorship 100GlobeNewswire
- Hut 8 Corp. (NASDAQ: HUT) had its price target raised by analysts at Needham & Company LLC from $32.00 to $38.00. They now have a "buy" rating on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $33.00 price target on the stock.MarketBeat
- Hut 8 Corp. (NASDAQ: HUT) is now covered by analysts at Cantor Fitzgerald. They set an "overweight" rating and a $35.00 price target on the stock.MarketBeat