Crypto miner Hut 8 closed a deal to buy all ASIC machines from its hosting client TAAL.
Canada-based crypto mining firm Hut 8 has closed a deal that will see the company become fully focused on self-mining.
The publicly-traded company is buying all 960 Whatsminer M31S+ machines from hosting client TAAL, according to an announcement on Tuesday. The ASIC machines are currently installed in the company’s facility in Medicine Hat, Canada. And effective May 1 Hut 8 will no longer act as a host. The move will add 81 petahash per second to Hut 8’s collective mining power, bringing the total to 2.62 exahash per second.
"The incremental capacity will deliver an immediate hashrate benefit as ASIC miners are already on-site, installed and hashing," said Hut 8 CEO Jaime Leverton.
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