{"id":15811,"date":"2021-07-01T17:29:31","date_gmt":"2021-07-01T17:29:31","guid":{"rendered":"http:\/\/ci02870ad740002483"},"modified":"2021-07-01T17:29:31","modified_gmt":"2021-07-01T17:29:31","slug":"hut-8-buys-11090-bitcoin-miners","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/hut-8-buys-11090-bitcoin-miners","title":{"rendered":"Hut 8 Buys 11,090 New Bitcoin Mining Rigs For $44 Million"},"content":{"rendered":"
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Hut 8 Mining Corporation has announced a $44 million purchase of 11,090 WhatsMiner MicroBT M30S, M30S+ and M31S bitcoin mining rigs from Hong Kong-based company SuperAcme Technology.<\/p>\n

The purchase complements an earlier one of 863 M30S+ and M30S miners, which Hut 8 expects to be delivered and deployed this month. However, the latest batch of machines won\u2019t be delivered until October, with full deployment expected to be completed by December 2021.<\/p>\n

Hut 8 plans to employ the almost 12,000 rigs in a 100 megawatt (MW) facility being planned, reportedly being developed in partnership with Validus Power. Additionally, the company expects these miners to amount to a hashing capacity of around 1.081 exahashes per second (EH\/s) after full deployment.<\/p>\n

According to its website<\/a>, the bitcoin mining company currently has two farms in Alberta, Canada. An operation in Medicine Hat is said to have a 67 MW capacity with 0.7 EH\/s ability, while a mining farm in Drumheller houses 43 MW of power and a 0.34 EH\/s capacity.<\/p>\n

If Hut 8\u2019s plans are actualized, the company could reach around 2.5 EH\/s hash rate capacity by the end of 2021. Considering the current rankings<\/a>, this would make the mining firm the 11th-largest bitcoin miner globally, right behind SBI Crypto, which currently has 2.89 EH\/s capacity.<\/p>\n

While Chinese miners are being forced to relocate their operations overseas<\/a> following the nation\u2019s recent Bitcoin crackdown<\/a>, North America has seen increased activity. In June alone, the region saw a mining farm that turns waste coal into BTC raise $105 million<\/a>, an approval for bitcoin mining firm Hive Blockchain to list on the Nasdaq<\/a>, Blockware Mining raise $25 million<\/a>, and mining company in-the-making TeraWulf order 30,000 rigs<\/a> from Bitmain.<\/p>\n","protected":false},"excerpt":{"rendered":"

North American bitcoin mining company Hut 8 has purchased 11,090 rigs for $44 million to complement an earlier purchase of 863 machines.<\/p>\n","protected":false},"author":2572,"featured_media":4479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[189,1528,195,451],"class_list":{"0":"post-15811","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin-mining","9":"tag-canada","10":"tag-hut-8","11":"tag-whatsminer"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/miners.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/15811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=15811"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/15811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/4479"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=15811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=15811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=15811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}