Hut 8 Expands Partnership with Bitmain, Unveils New ASIC Miner #MiningToMillions
Hut 8 expands partnership with Bitmain to launch a new ASIC miner and explores AI/HPC diversification, reflecting a broader industry trend of Bitcoin miners seeking new revenue streams.
Hut 8, one of North America’s largest Bitcoin miners, announced on September 19 that it was expanding its partnership.
According to Hut 8’s announcement, the collaboration resulted in the launch of the U3S21EXPH, a next-generation ASIC miner designed to increase efficiency and reduce costs.
Hut 8 plans to deploy the model in the second quarter of 2025 through a 15 exahash per second (EH/s) hosting agreement leveraging custom data center infrastructure developed in-house by Hut 8.
The Most Efficient ASIC Miner Yet
U3S21EXPH is the first ASIC miner to feature direct liquid-to-chip cooling within a U form factor, making it a more compact and energy-efficient solution.
The new miner is capable of achieving up to 860 terahash (TH/s) at an efficiency of 13 joules per terahash, significantly outperforming many other ASIC miners on the market. This efficiency rating translates to lower energy consumption and reduced operating costs for miners.
By incorporating artificial intelligence (AI) into data center operations, Hut 8 aims to further optimize efficiency and reduce costs.
“Our partnership with Bitmain has been instrumental in advancing our thinking on ASIC compute and creating a more scalable model for data center design,” said Asher Genoot, CEO of Hut 8.
The initial agreement for the U3S21EXPH is expected to increase Hut 8’s hash rate under management from 18.5 EH/s to around 33.5 EH/s. As the company prepares for the challenges ahead, including the increased difficulty of the Bitcoin network, the U3S21EXPH offers a potential solution to improve efficiency and maintain profitability.
Bitcoin Miners Seek New Revenue Streams
The Bitcoin (BTC) mining industry is facing increasing financial pressures due to reduced block subsidies and rising.
