Crypto mining company Hut 8 announces the closure of its factory in Drumheller, Alberta, Canada
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.
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.
You may also like
[Initial Listing] Bitget Will List DePHY (PHY). Come and grab a share of 6,600,000 PHY
New spot margin trading pair — ES/USDT!
Bitget Trading Club Championship (Phase 1) – Make spot trades daily to share 50,000 BGB
SLPUSDT now launched for futures trading and trading bots
Trending news
MoreCrypto prices
More








