Hut 8 to increase managed hashrate to 33.5 EH/s through Bitmain agreement

Hut 8 has signed a hosting agreement with Bitmain, allowing the company to increase its total managed hashrate from 18.5 EH/s to over 33.5 EH/s. This agreement marks an important step in the company’s development, enabling it to strengthen its position in the bitcoin mining space.

Hut 8 plans to host up to 15 EH/s of Bitmain’s new equipment as part of the hosting program. The company notes that this move will contribute to the long-term growth of its capabilities and provide stable revenue growth through optimized energy use and improved equipment efficiency.

The increase in Hut 8’s hashrate highlights the strategic importance of expanding computing power to maintain competitiveness in the rapidly evolving world of cryptocurrency mining.