BlockBeats news, on November 7, Bitcoin mining company Hut 8 predicted that after agreeing to purchase 31,145 Bitmain Antminers S21+ mining machines, its self-mining hash rate will increase by 66% (from 5.6 EH/s to 9.3 EH/s) around the first quarter of 2025. These mining machines are scheduled for delivery in early the first quarter of 2025.

Hut 8 announced a purchase agreement with Bitmain in September, which will increase the company's hash rate by approximately 15 EH/s. If this option is chosen, the company's hash rate could further rise, advancing the process to reach 24 EH/s "as early as the second quarter of 2025." (Cointelegraph)