Hut 8 Operations Update for October 2024
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Hut 8 Corp. released its operations update for October 2024, highlighting its current mining capacity of 20.1 EH/s and 967 MW under management. The company is on track to reach ~35 EH/s with the Vega site buildout expected to be energized by Q2 2025. Hut 8's partnership with BITMAIN will contribute to this growth with a 15 EH/s hosting deployment.
November 05, 2024 | 11:15 pm
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Hut 8 Corp. is advancing its mining capacity with a current 20.1 EH/s and plans to reach ~35 EH/s by Q2 2025. The partnership with BITMAIN for a 15 EH/s hosting deployment is a significant growth driver.
The update indicates significant growth in Hut 8's mining capacity, which is a positive indicator for future revenue potential. The partnership with BITMAIN and the progress on the Vega site are key factors in this growth trajectory.
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