Hut8 relocates 6,400 rigs, sees growth in AI & high performance computing
Bitcoin mining firm Hut8 continues to relocate miners from idle North Bay site as demand for AI and high power computing drives new demand. North American mining firm Hut8 is seeing new demand for AI and high performance computing as it looks to re-energize some 6,400 rigs being moved from its inoperative North Bay site in Ontario. As previously reported, Hut8 is in an ongoing legal battle with its third party energy supplier Validus Power over alleged failure to meet contractual obligations. Operations at the facility have been suspended since Nov. 2022. Hut8 declined to comment on proceedings of the court case in correspondence with Cointelegraph but confirmed that some 6,400 miners are being moved to Texas as the company looks to bring its idle equipment back online. The firm expects this specific batch of miners to be operational by the end of July 2023, providing 600 PH/s of operational capacity which will take Hut8’s total installed hashrate up to 3.2 EH/s. A three month hosti...