Hut 8 Bought 960 Microbt Miners From TAALMolly Jennings
Canadian mining company Hut 8 Mining has entered into an agreement with TAAL to host and acquire its 960 MicroBT Whatsminer M31S+ miners. This was reported in a press release.
Bitcoin mining equipment is operated in Medicine Hat, Alberta, Canada. The deal will increase the Hut 8 hash rate by 81 PH/s, to 2.62 EH/s.
The agreement will enter into force on May 1.
As of December 31, the company’s computing power was 2 EH/s.
Recall that in 2021 the Canadian Hut 8 mined 2786 BTC and increased revenue by 327%, to 173.8 million CAD.
Formerly Arcane Research analysts predicted an increase in the share of hashrate and bitcoins on the balance sheets of public mining companies from the USA and Canada.
Read Also: Experts Predicted A Decrease In The Profitability Of Mining
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