Crypto miner Hut 8 closed a deal to buy all ASIC machines from its hosting client TAAL.
Canada-based crypto mining firm Hut 8 has closed a deal that will see the company become fully focused on self-mining.
The publicly-traded company is buying all 960 Whatsminer M31S+ machines from hosting client TAAL, according to an announcement on Tuesday. The ASIC machines are currently installed in the company’s facility in Medicine Hat, Canada. And effective May 1 Hut 8 will no longer act as a host. The move will add 81 petahash per second to Hut 8’s collective mining power, bringing the total to 2.62 exahash per second.
"The incremental capacity will deliver an immediate hashrate benefit as ASIC miners are already on-site, installed and hashing," said Hut 8 CEO Jaime Leverton.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hut 8 in Deal to Become 100% Self-Mining Company.$HUT inks agreement with hosting client TAAL for all 960 of its bitcoin mining rigs. Aoyon_A reports.
Read more »
Just In Time For 4/20, Houston Scores Its First Cheba HutRecreational marijuana isn’t legal in Houston (yet) but the city has a strong cannabis culture and a real affinity for all things weed-related. That’s why it’s a little surprising H-town hasn’t boasted the “toasted” subs of Cheba Hut until this week. Thanks to a local couple, the 24 year-old cannabis-themed...
Read more »
Hut 8 in Deal to Become 100% Self-Mining Company.$HUT inks agreement with hosting client TAAL for all 960 of its bitcoin mining rigs. Aoyon_A reports.
Read more »
Bitcoin Miners to Face Tougher Penalties in Iran if They Operate IllegallyIran’s government plans to ramp up penalties for illegal cryptocurrency mining operations to avoid blackouts
Read more »
New-home construction improves despite high inflation, rising mortgage rates, and the shortage of skilled labor and materialsHome builders now face some tough decisions. Rising rates are sure to reduce home-buyer demand, but the short supply of homes for sale means that competition will likely remain elevated.
Read more »
‘Something’s got to change’ to make affordable housing achievable in Los Gatos, officials sayTown Council, Planning Commission hold joint study session on Housing Element
Read more »