press release

Hut 8 Operations Update for March 2024

Apr 5, 2024
Posted by  Hut 8

  • 25.5 EH/s and 884 MW under management as Hut 8 executes closure of Drumheller site and prepares to energize Salt Creek site
  • 9,102 Bitcoin on balance sheet positions Hut 8 to invest in growth as the halving approaches
Image
Notes
  1. Includes all Self-Mining, Managed Services, and Hosting infrastructure, including 100% of the energy capacity at the King Mountain site, which is owned by the King Mountain JV in which the Company has a 50% membership interest and a Fortune 200 renewable energy producer has the remaining 50% membership interest (the “King Mountain JV”).
  2. Average during the period for March 2024.
  3. Includes all miners that are racked with power and networking, rounded to the nearest 100, in Self-Mining, Managed Services, and Hosting infrastructure with power and networking, including all miners at the King Mountain site.
  4. Includes all Self-Mining, Managed Services, and Hosting hashrate, including 100% of the hashrate at the King Mountain site.
  5. Self-Mining operations for Hut 8 include 100% of operations at the King Mountain site.
  6. Deployed miners are defined as those physically racked with power and networking, rounded to the nearest 100; deployed self-mining miners net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 46.1K during March and 65.1K during February.
  7. Indicates the target hashrate of all deployed miners; deployed self-mining hashrate net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 4.5 EH/s during March and 6.3 EH/s during February.
  8. Bitcoin produced net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 192 BTC during March and 254 during February.
  9. As of month-end.
  10. The Managed Services figures reflected in this table include the Self-Mining and Hosting metrics from the sites where Hut 8’s Managed Services business is an additional service layer in the operation of the site (at Charlie, Delta, Echo, and Hotel – site details below). As a result, the sum of the Self-Mining, Managed Services, and Hosting numbers will not add up to the “Total energy capacity under management”, “Total deployed miners under management”, and “Total hashrate under management” figures that are also reflected in the table.
  11. Miners are rounded to the nearest 100.
  12. 6K deployed miners under management net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner during both March and February.
  13. 7 EH/s under management net of Hut 8’s joint venture partner’s 50% share of the King Mountain JV during March and February.
Image