<a href="https://ultramining.com/news/en/hut-8-mining-encounters-hurdles-power-shortages-and-equipment-failures-slow-down-crypto-operations/">Hut 8 Mining</a> Corp., a North American leader in digital asset mining, has a <a href="https://hut8.io/2023/06/22/hut-8-announces-hosting-agreement-for-approximately-6400-asic-miners/">new</a> plan. It is relocating about 6,400 ASIC miners from its North Bay site to Texas. 
CEO Jaime Leverton announced the relocation will increase their operating capacity. With the transfer, the company's total installed hashrate will rise to 3.2 EH/s.&nbsp; 
The hosting agreement dictates a 3-month initial term. It can extend with successive one-month terms unless terminated. Termination can occur through a 30-day notice by either party. The company expects the miners to start operations in Texas by late July.&nbsp; 
Earlier, in March 2023, Hut 8 relocated an additional 988 miners from the North Bay site. These miners are now operational at the Medicine Hat facility. 
These strategic moves reflect Hut 8's consistent push for growth. With two operational sites in Southern Alberta, the firm aims to bridge traditional computing with new digital asset sectors. Aiding in this is their access to a renewable electrical grid. 
Subscribe to our Telegram <a href="https://t.me/ultraminingcom">channel</a>! Only the most interesting stuff there

Hut 8 Transfers 6,400 ASIC Miners to Texas, Boosting Installed Hashrate to 3.2 EH/s

Ultramining_Eng

Other articles published on Jun 23, 2023

Weekly Roundup (06.16–06.23)

DOGE Price Analysis for June 23

French Authorities Investigating $6.3M NFT Rug Pull Exposed by ZachXBT

Bitcoin is up 75% since Jim Cramer told investors to ‘get out’ in January

SEC Grants Waiver On BlockFi’s $30M Fine Pending Creditor Payment

JP Morgan Faces $4 Million Penalty from SEC for Misconduct

Join our free newsletter for daily crypto updates!