2 years ago
Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
Canadian crypto miner Hut 8 (HUT) has inked an statement to acquisition each 960 Whatsminer M31S+ rigs from hosting lawsuit TAAL.
The acquisition of the machines volition summation Hut 8’s full hashrate by 81 petahash per 2nd (PH/s) to 2.62 exahash per 2nd (EH/s), said the institution in a property release.
The woody is expected to adjacent connected May 1, and volition marque Hut 8 an proprietor of the mining rigs, alternatively than having to wage rent for their usage to TAAL.
“The incremental capableness volition present an contiguous hashrate payment arsenic ASIC miners are already on-site, installed and hashing," said Hut 8’s CEO Jaime Leverton. The institution connected April 5 said it was mining an mean of 11.1 bitcoins per time successful March, and held 6,460 bitcoins connected its equilibrium sheet.
Mining adjacent Argo Blockchain successful March made a akin determination to go 100% self-mining with a woody for a swap of mining rigs with its hosting client, Core Scientific.
Hut 8 is up astir 3% connected Tuesday morning, inline with its mining peers arsenic bitcoin (BTC) gains much than 5% to $41,660.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat NowDISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
Sign up for Market Wrap, our regular newsletter explaining what happened contiguous successful crypto markets – and why.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 