Bitcoin Miner Hut 8 Leverages New ASICs to Enhance Mining Efficiency

Hut 8 is set to enhance its Bitcoin mining efficiency by acquiring 31,145 BITMAIN Antminer S21+ ASIC machines, aiming for a 66% increase in self-mining hashrate and improved energy efficiency starting in Q1 2025.

Hut 8 Corp., a major Bitcoin mining operator in North America, announced an upgrade to its mining fleet on November 6 by acquiring 31,145 BITMAIN Antminer S21+ ASIC machines.

This acquisition, set for delivery in early Q1 2025, is part of Hut 8’s broader push to enhance mining efficiency and expand its self-mining capacity.

Hut 8 Purchases 31,145 BITMAIN Antminers to Expand Bitcoin Mining Efficiency

Under the purchase agreement, Hut 8 will acquire the miners at $15 per terahash, a move expected to significantly enhance its self-mining hashrate by approximately 3.7 exahashes per second (EH/s).

With this upgrade, Hut 8 aims to optimize its mining efficiency across 111 megawatts (MW) of self-mining capacity.

Once operational, the new equipment is set to boost Hut 8’s hashrate by 3.7 exahashes per second (EH/s), bringing its total self-mining hashrate to 9.3 EH/s—a 66% increase.

The upgrade will also reduce the fleet’s energy consumption from 31.7 to 19.9 joules per terahash (J/TH), improving efficiency by approximately 37%.