TSX : HUT), has| TSX: HUT), a leading Bitcoin mining company, has expanded BITMAIN, the leading producer of Bitcoin Mining Servers in the World, has partnered with BITMAIN to introduce the U3S21EXPH ASIC Miner, a Next-Generation ASIC. The U3S21EXPH will be first ASIC mining machine to use direct liquid cooling (DLC).
Hut 8 will deploy its new miner during the second quarter 2025. The initial hosting contract is for 15 exahashes per second. Hut 8 has developed a custom data center to facilitate this deployment. This is part of its strategy to increase computing power in the Bitcoin mining and AI sectors.
“Our partnership with BITMAIN has allowed us to advance our thinking on ASIC compute and create a more scalable model for data center design as we expand our footprint,” Asher Genoot is the CEO of Hut 8 “The U3S21EXPH will be the first miner from BITMAIN broadly commercialized with DLC cooling within a U form factor, making it rack-ready like traditional data center hardware. This innovation bridges critical engineering gaps between Bitcoin mining and AI data center infrastructure in both form factor and cooling technology, and we believe this convergence will enable us to unlock significant synergies and flexibility going forward.”
U3S21EXPH has an energy efficiency of up to 13 joules/terahash and can produce 860 Terahashes. The DLC technology, which is usually reserved for data centres that use high-performance computing, makes Bitcoin mining energy efficient.
“Asher and Mike have been invaluable thought partners to BITMAIN since the early days of US Bitcoin Corp, where they demonstrated a unique focus on cost-efficient procurement and operations,” Irene Gao Vice President, Mining at BITMAIN. “Hut 8’s technical expertise, operating strength, and track record of innovation made this partnership a natural evolution of our relationship as we began the journey of developing next-generation ASIC technology.”
Hut 8 has agreed to a commercial contract with BITMAIN that includes a set hosting fee, and an option for Hut 8 of purchasing the hosted machines up to three times. Hut 8 is able to minimize financial risk by assessing market conditions prior to making any further investments. Hut 8’s self-mining capability could increase from 5.6 EH/s up to 20.6 EH/s if it exercises the purchase option.
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Source: bitcoinmagazine.com
