Hut 8 Crypto Mining Company Adds 40 BlockBoxes At Its Medicine Hat Facility
Hut 8 Mining Corp. has announced that it has completed construction at its bitcoin mining facility in the City of Medicine Hat, including the electrification of an additional 24 BlockBox datacenters.
Hut 8 is one of the world’s largest public cryptocurrency mining companies by operating capacity. At present the company operates 40 BlockBox datacenters at its CMH Facility, each with 1.2 MW of capacity. This amounts to 48 MW of operating power, and 17 BlockBoxes at its Drumheller facility, representing 18.7 MW of operating power, for a total of 66.7 MW of fully-funded operating power and 487.5 petahashes per second (“PH/s”).
The 40 BlockBoxes at Hut 8’s CMH facility use an updated 14 nanometre chip, compared to the 16 nanometre chip currently used at its 17 BlockBoxes at its first mining location in Drumheller. Thus far, the new BlockBoxes have been operating in excess of 9 PH/s rather than the anticipated 8 PH/s. This increased hash rate means that Hut 8 will have even better potential of earning the daily bitcoin blockchain reward.
Speaking about the project, Andrew Kiguel, President and Chief Executive Officer of Hut 8 said the employees’ hard work alongside partners at the Bitfury Group and the cooperation from the City of Medicine Hat made the construction complete ahead of schedule and on budget.
“We are pleased to have surpassed our September 2018 completion target,”
said Andrew Kiguel, President and Chief Executive Officer of Hut 8.
“With 66.7 MW of aggregate operating capacity, we believe we are the largest cryptocurrency miner in Canada and the largest publicly-traded cryptocurrency miner by operating capacity in the world. In addition, we are actively pursuing further opportunities to deliver value to our investors,”
Since beginning its mining operations in December 2017, Hut 8 has mined over 1,900 bitcoin.