Hut 8 and Bitmain Launch Next-Generation ASIC Miner, Boosting Hash Rate by 80%
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September 20, 2024
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On September 20th, Bitcoin mining company Hut 8 Corp. announced an expanded partnership with Bitmain Technologies, introducing the next-generation ASIC mining machine, the U3S21EXPH. Hut 8 plans to deploy this model through a 15 exahash per second (EH/s) hosting agreement in the second quarter of 2025, utilizing its internally developed, custom data center infrastructure.
The initial agreement reportedly encompasses around 15 EH/s, expected to increase Hut 8's managed hash rate from 18.5 EH/s to approximately 33.5 EH/s, representing an 80% growth. At the time of writing, Hut 8 stock (ticker: HUT) surged over 7%.
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