Hut 8 Vega data center powered on for the first time, deploying the world's largest Bitcoin mining facility

ChainCatcher news, Hut 8 Corp. (NASDAQ | TSX: HUT) today announced the initial powering of its Vega data center, which is considered the largest single Bitcoin mining facility in the world. Vega spans 162,000 square feet and is equipped with a nominal energy capacity of 205 megawatts, providing approximately 15 EH/s of Bitcoin mining power at full load, accounting for about 2% of the current global Bitcoin network hash rate.

Vega will deploy up to 17,280 Bitmain U3S21EXPH servers, which is Bitmain's first large-scale commercial U-type direct chip liquid-cooled ASIC miner, capable of delivering up to 860 TH/s of power with an energy efficiency of 13 J/TH.

Bitmain, as a client, will deploy all approximately 15 EH/s of mining machines at Vega, which is expected to bring Hut 8 an annualized revenue of $110 million to $120 million. The agreement also includes a purchase option, which, if exercised, will expand Hut 8's self-mining capacity from 10 EH/s to approximately 25 EH/s.

According to previous news, Vega is expected to be powered on in the second quarter of 2025, in preparation for the approximately 15 EH/s hosting agreement reached with Bitmain.