Publicly available financial and operational reports from Hut 8

Hut 8 and Bitmain Partner to Launch 860 TH/s ASIC Miner with AI Push

Sep 19, 2024, 10:20 PM

Hut 8 and Bitmain have announced a partnership to launch the new ASIC miner U3S21EXPH, featuring direct liquid-to-chip cooling technology. This collaboration aims to advance the next generation of mass-commercialization of mining equipment. The U3S21EXPH miner boasts an 860 TH/s hash rate and 13 J/TH efficiency, significantly boosting Hut 8's hash rate by 80% to 33.5 EH/s by mid-2025. The partnership also includes an AI push, promising max gains. Despite the innovations, miners are still facing challenges with dropping revenues post-halving.