As a seasoned analyst with over two decades of experience in the tech and finance industries, I find this move by Hut 8 highly strategic and potentially game-changing for the bitcoin mining landscape. The direct liquid-to-chip cooling technology in the U3S21EXPH ASIC miner, if executed successfully, could significantly reduce operational costs and increase efficiency, making it a key player in the market.
Cryptocurrency mining operation Hut 8 is broadening its collaboration with Bitmain to launch a brand-new ASIC (Application-Specific Integrated Circuit) miner equipped with direct liquid-to-chip cooling, expected to be rolled out in the second quarter of 2025.
As a crypto investor, I’m thrilled to share that Hut 8, the crypto mining firm based in Miami, has deepened its collaboration with Bitmain. The exciting news is the imminent debut of the U3S21EXPH, a cutting-edge ASIC miner expected to deliver performance up to an impressive 860 TH/s. This next-gen technology will undoubtedly enhance our mining capabilities and boost my returns in the crypto space!
In a press release dated September 19th, the mining company set for launch in the second quarter of 2025, unveiled its innovative ASIC model. This model is the initial mass-produced version to incorporate direct liquid-to-chip cooling in a U-shaped design.
We think that this method provides a more strategic way of taking advantage of the financial benefits from future machine technologies. It lessens the initial investment needed, allowing us to keep focusing on expanding our AI infrastructure.
Asher Genoot, Hut8 chief executive officer
According to the hosting contract, Hut 8 may choose to buy either all or part of the miners being hosted, in up to three installments, at a predetermined price within six months of setup. If Hut 8 decides to purchase the entire option, their mining capacity is projected to surge from 5.6 Petahash per second (EH/s) to 20.6 EH/s, as stated in the press release.
The arrangement aims to reduce initial investment costs and offers room for future acquisitions, enabling Hut 8 to evaluate market trends before making further financial commitments, as stated in the document.
The news follows Hut 8 receiving a $150 million investment from Coatue Management in June, with the funds aimed at speeding up their artificial intelligence infrastructure growth. Previously, Hut 8 stated that this investment was necessitated by the fact that several conventional data center operators struggle to keep pace with the escalating demand for AI computing power due to power outages.
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2024-09-19 14:30