Hut 8 Expands Partnership with BITMAIN, Unveils Next-Gen Liquid-Cooled ASIC Miner for Bitcoin Mining
Portfolio Pulse from Benzinga Newsdesk
Hut 8 Corp. has expanded its partnership with BITMAIN to launch a next-gen liquid-cooled ASIC miner, the U3S21EXPH, for Bitcoin mining. This development is part of Hut 8's strategy to scale its compute layer across energy-intensive technologies, including Bitcoin mining and AI compute.
September 19, 2024 | 8:57 am
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POSITIVE IMPACT
Hut 8's partnership with BITMAIN to launch the U3S21EXPH miner is a strategic move to enhance its Bitcoin mining capabilities. This could potentially increase Hut 8's efficiency and output, aligning with its power-first strategy.
The launch of the U3S21EXPH miner represents a significant technological advancement for Hut 8, potentially increasing their mining efficiency and output. This aligns with their strategy to maximize returns on power assets, likely having a positive impact on their stock.
CONFIDENCE 90
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RELEVANCE 90