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Market News

North American HUT 8 Mining purchase 12000 New MicroBT miners

Purchase of New MicroBT miners for deployment by the end of Q4 2021

Written By Jahnu Jagtap
Published July 1, 2021 1:54 PM·Updated 8 months ago
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North American HUT 8 Mining purchase 12000 New MicroBT miners

Hut 8 Mining has disclosed the purchase of 12000 New MicroBT miners for deployment by the end of Q4 2021.

ANNOUNCEMENT⚡️👉 @Hut8Mining purchases 12,000 new MicroBT miners, for full delivery and deployment in Q4 2021. #BTC #HodltheHut⛏️https://t.co/07hARX9EAu

— Hut 8 (@Hut8Corp) June 30, 2021

Hut8 mining Corp has bought 11,090 MicroBT M30S, M30S+, and M31S miners from SuperAcme Technology for $44,373 million. SuperAcmey will deliver them at the beginning of October, and complete the full deployment by December of this year.

They also purchased 863 M30S+ and M30S miners earlier this week. It is scheduled to be delivered and fully deployed in July 2021.

The company said with the new hashrate installation, Hut8 will raise the current average production from 6.5 – 7.5 bitcoin per day to 14 to 16 bitcoin a day.

They expect the new fleet of miners to make up the first operational fleet in the company’s planned 100MW facility. However, currently, the facility is under development with the partnership of Validus power.

Also Read: Manhattan Solar Partners, LLC to Build the Biggest Renewable Powered Crypto Mining Data Center

“We are excited to have identified this unique opportunity to purchase MicroBT equipment that will enable us to almost double our hashrate before the end of the year and substantially increase the number of Bitcoins earned on a daily basis,” CEO of Hut 8, Jaime Leverton said.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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