Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Crypto mining company Hut 8 announces the closure of its factory in Drumheller, Alberta, Canada

Crypto mining company Hut 8 announces the closure of its factory in Drumheller, Alberta, Canada

CointimeCointime2024/03/07 03:22
By:Cointime

Cryptocurrency mining company Hut 8 has announced the closure of its factory located in Delaney, Alberta, Canada. Delaney will immediately stop operating as a Bitcoin mining facility. Efficient mining machines, equivalent to about 130 PH/s of computing power, will be transferred to Medicine Hat and activated in March, while old and inefficient mining machines will be retired. The transfer of efficient mining machines and retirement of inefficient mining machines will improve Hut 8's cash flow and reduce Bitcoin mining costs, with an expected increase of about 11% in the amount of Bitcoin that can be mined per EH.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects

Chinese cryptocurrency analyst phenomenon Murphy evaluated the latest status of Ethereum in his statement. Here are the details.

Bitcoinsistemi2025/03/16 16:00