Crypto Miner Hut 8 Buys 12,000 New MicroBT Miners for $58.7M

Posted on by American Coins & Gold

Crypto Miner Hut 8 Buys 12,000 New MicroBT Miners for .7M
Canadian crypto miner Hut 8 Mining (Nasdaq: HUT) has bought 12,000 new MicroBT M30S, M30S+ and M30S++ miners from Inchigle Technology Hong Kong Ltd.The miner bought the units for $58.7 million, a cost of around $50/Terahash, with aggregate incremental production of 1.17 exahash per second.Delivery is expected to start in January 2022 at a rate of about 1,000 machines a month, with full deployment by December 2022.The full deployment of the new miners will bring Hut 8′s total contracted capacity to approximately 3.57 EH/s.The new miners, along with the previous announced buys, will be deployed at the company’s two sites…