The ASIC miners are currently installed and running at the company's mining facility in Medicine Hat on behalf of TAAL. The difference is that after May 1, Hut 8 will now be the rightful owner of machines instead of just hosting them for TAAL. Hut 8 expects newly acquired miners will provide an immediate incremental hashrate of 81 PH/s, bringing Hut 8's total hashrate to 2.62 EH/s.
"The incremental capacity will deliver an immediate hashrate benefit as ASIC miners are already on-site, installed and hashing," said Hut 8 CEO Jaime Leverton. Once the acquisition is complete, the company’s operations at all mining sites will be 100% allocated to self-mining.
Following the news, Hut 8 shares added 4.8%, reaching the cost of $4.53 per share on Nasdaq.
