Hut 8 and BITMAIN Launch Next-Gen Miner in Q2 2025

Hut 8 Corp., a prominent Bitcoin mining operator, has announced an expansion of its partnership with BITMAIN Technologies Ltd., the leading manufacturer of digital currency mining servers. This collaboration will result in the launch of the U3S21EXPH, a next-generation ASIC miner featuring direct liquid-to-chip cooling technology. The deployment is scheduled for Q2 2025, with an initial hosting agreement targeting approximately 15 exahash per second (EH/s) using custom data center infrastructure developed by Hut 8. The U3S21EXPH represents a significant advancement in mining technology, transitioning from traditional 'shoebox' ASIC designs to a more efficient 'U' form factor compatible with high-performance computing (HPC) data centers. This innovation allows for higher density deployments, with up to 180 kilowatts (kW) per rack, enhancing operational efficiency and performance. Hut 8's strategic approach includes a purchase option for the hosting deployment, which could potentially increase its self-mining hashrate from 5.6 EH/s to around 20.6 EH/s. This model aims to mitigate financial risks by providing a fixed-price hosting revenue stream while allowing the company to evaluate market conditions before committing to additional capital expenditures. The partnership is expected to unlock synergies between Bitcoin mining and AI data center infrastructure, leveraging Hut 8's expertise in energy management and construction. This convergence is anticipated to enhance the company's growth initiatives in both sectors, positioning Hut 8 favorably in the evolving landscape of digital currency mining and energy-intensive technologies.