Hut 8's official reports and announcements

Hut 8 and Bitmain Launch 860 TH/s ASIC Miner with Liquid Cooling, AI Push

Sep 19, 2024, 10:20 PM

Hut 8 and Bitmain have announced a significant partnership to launch the new ASIC miner U3S21EXPH, featuring direct liquid-to-chip cooling technology. This next-generation miner is designed to enhance the efficiency of Bitcoin mining, boasting an 80% increase in hash rate and achieving 860 TH/s with an efficiency of 13 J/TH. The collaboration aims to advance the mass-commercialization of mining equipment, with the new miner expected to bring Hut 8's hash rate up to 33.5 EH/s by mid-2025. Despite the innovation, miners continue to face challenges with dropping revenues post-halving. Additionally, Hut 8 is pushing into AI alongside this new development.