Hut 8 Mining Corp. (TSX: HUT) reported this morning its purchase of 12,000 bitcoin miners. The acquisition is slated to increase the firm’s hashrate by 1.17 EH/s.
The purchase is reported to be worth US$58.7 million, approximately US$50 per terahash. Procured from Inchigle Technology Hong Kong, the new machines are composed of MicroBT M30S, M30S+, and M30S++ miners.
The delivery of the machines is expected to transpire throughout 2022, receiving 1,000 miners per month starting in January.
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The purchase will bring the blockchain firm’s total capacity to 3.57 EH/s by the end of December 2022.
Hut 8 Mining Corp. last traded at $15.21 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
