Hut 8 optimizes self-mining operations as miners come online at Salt Creek
MIAMI, April 16, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today announced the energization of one third of its 63 MW site in Culberson County, Texas (“Salt Creek”). Hut 8 is phasing energization to maximize deployed hashrate pre-halving and will continue to energize the site in the coming weeks.
- Hut 8 is phasing energization to maximize deployed hashrate pre-halving and will continue to energize the site in the coming weeks.
- “With Salt Creek, we gain critical control over our miner fleet and operating costs as we head into the halving,” said Asher Genoot, CEO of Hut 8.
- “I am incredibly proud of our team for delivering a standard-setting performance at Salt Creek,” said Genoot.
- As demonstrated with Salt Creek, we will continue to act decisively to strengthen and grow our self-mining business.”