Blockchain explorers and industry reports

Hut 8 and Bitmain Launch 860TH/s Bitcoin Miner with 80% Hash Rate Boost

Sep 19, 2024, 05:40 PM

Hut 8 Mining Corp. has expanded its partnership with Bitmain to launch a next-generation ASIC miner, the U3S21EXPH. This new Bitcoin miner features direct liquid-to-chip cooling technology and is expected to boost the hash rate by 80%, reaching 33.5 EH/s by mid-2025. The collaboration represents a significant advancement in the mass-commercialization of mining equipment, with the new miner achieving 860TH/s. Despite the innovation, miners continue to face challenges with dropping revenues post-halving.