Mining company Hut 8 acquired 9 data centers from Bitfury Group

Canadian mining company Hut 8 acquired from software and hardware developer Bitfury Group9 Blockbox AC data centers totaling $ 7 million

So hut 8 is completely donetraining of its mining center in the Canadian Drumheller and now it is ready for operation. The CEO of the mining company, Andrew Kiguel (Andrew Kiguel) noted:

“With this acquisition, Hut 8 is nowfully owns the company in Drumheller This will help reduce operating costs. Funds for expansion were allocated from the balance sheet of the company, which remains at a fairly high level, even after spending $ 7 million on data centers. ”

The company said that with the deal itwill be able to increase its own computing power by 16%. Now Hut 8 has two full-fledged mining sites in Canada, which operate on the basis of 94 BlockBox AC data centers with a capacity of 110 MW and 963 PH/s. At the same time, the purchased data centers are equipped with Bitfury Clarke ASIC chips with a total power of 12.6 PH/s.

Let us remind you that, according to the latest quarterlyAccording to Hut 8's report, the company earned $26.7 million in the third quarter of 2019. After interest, taxes, depreciation and amortization, the company's earnings were $14.7 million.

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