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Seeking Alpha 2021-12-07 12:53:53

Hut 8 purchases 2,505 MicroBT M30S machines from Foundry



Hut 8 Mining (NASDAQ:HUT) trades 7.1% higher premarket after signing an agreement with Foundry Digital on Nov.30 to purchase 2,505 MicroBT M30S machines that are currently installed at its site in Medicine Hat, Alberta. The purchase transaction is expected to close on Dec.15 and will provide immediate incremental hashrate of 228 PH/s. This fleet of miners will boost Hut 8's self-mining operating capacity, including the NVIDIA GPUs, to ~1.94 EH/s. "The combination of the recently deployed NVIDIA CMPs and the MicroBT M30S miners from Foundry serves to enhance both the scale and efficiency of our self-mining operations and adds momentum to our machine installations," CEO Jaime Leverton commented.

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