TechFlow, July 1 — Hut 8 Corp. (NASDAQ | TSX: HUT) today announced first power at its Vega data center, recognized as the world's largest single-site Bitcoin mining facility. Spanning 162,000 square feet with a nominal energy capacity of 205 megawatts, Vega is capable of delivering approximately 15 EH/s of Bitcoin hashrate at full capacity, representing about 2% of the current global Bitcoin network hash rate.
Vega will deploy up to 17,280 Bitmain U3S21EXPH servers, Bitmain's first large-scale commercial U-shaped direct-die liquid-cooled ASIC miners, each delivering up to 860 TH/s with an energy efficiency of 13 J/TH.
As a customer, Bitmain will deploy all approximately 15 EH/s of mining equipment at Vega, expected to generate $110 million to $120 million in annualized revenue for Hut 8. The agreement also includes purchase options that, if exercised, would expand Hut 8’s self-mining capacity from 10 EH/s to approximately 25 EH/s.
Earlier reports indicated Vega was expected to be powered up in the second quarter of 2025, in preparation for the approximately 15 EH/s hosting agreement with Bitmain.
