Hut 8 Projects 66% Hash Rate Surge with New Bitmain Antminer Deal, Eyes 24 EH/s by 2025

CoinMarketCap11-07

Hut 8 Mining Corp, a prominent Bitcoin miner, anticipates a significant hash rate boost of 66% in early 2025 after securing a deal to acquire 31,145 Bitmain Antminer S21+ machines. According to a ...

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Both companies revealed plans to launch the U3S21EXPH, an advanced ASIC mining machine boasting speeds of up to 860 TH/s. Hut 8 predicts that if it exercises this option, its total hash rate could surge to as high as 24 EH/s by the second quarter of 2025.The post Hut 8 Projects 66% Hash Rate Surge with New Bitmain Antminer Deal, Eyes 24 EH/s by 2025 appeared first on DeFi Planet.","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PPA":"国防航太ETF-PowerShares"},"translate_title":"Hut 8预计通过新的比特大陆Antminer交易，哈希率将飙升66%，预计到2025年将达到24 EH/s","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPA":1},"content_text":"Hut 8 Mining Corp, a prominent Bitcoin miner, anticipates a significant hash rate boost of 66% in early 2025 after securing a deal to acquire 31,145 Bitmain Antminer S21+ machines. \n\nAccording to a November 6 announcement, Hut 8 expects this acquisition to elevate its self-mining capacity from 5.6 exahashes per second (EH/s) to approximately 9.3 EH/s.\nThis deal follows Hut 8’s strategic agreement with Bitmain in September, which grants the company an option to purchase an additional 15 EH/s of mining hardware. Both companies revealed plans to launch the U3S21EXPH, an advanced ASIC mining machine boasting speeds of up to 860 TH/s. Hut 8 predicts that if it exercises this option, its total hash rate could surge to as high as 24 EH/s by the second quarter of 2025.\nHut 8 CEO Asher Genoot explained that the company selected the S21+ model for its favourable return profile, which aligns with Hut 8’s focus on rapid payback and optimized investment returns. The S21+ miners, which cost the firm $15 per terahash, offer a faster payback period compared to more efficient but pricier alternatives, allowing Hut 8 to prioritize value creation, he noted.\nOnce deployed, the new Bitmain machines will improve the overall fleet efficiency from 31.7 to 19.9 joules per terahash (J/TH) — a 37% gain in energy efficiency. Should Hut 8 proceed with the September purchase option, its fleet efficiency could drop further to 15.7 J/TH, reflecting even greater cost-effectiveness, he claimed.\nThe new Antminer S21+ units will be distributed across Hut 8’s 11 mining facilities, while the additional ASIC miners, if acquired, will be hosted by Bitmain. \nAlongside its Bitcoin mining operations, Hut 8 is significantly expanding its infrastructure thanks to a new power purchase agreement (PPA). This deal grants Hut 8 exclusive access to 205 megawatts of power and land in West Texas. According to a company press release, when completed, the agreement would boost its total energy infrastructure capacity to 1.3 gigawatts. \nIf you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.\n“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.” \nThe post Hut 8 Projects 66% Hash Rate Surge with New Bitmain Antminer Deal, Eyes 24 EH/s by 2025 appeared first on DeFi Planet.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481181546"}