Canada: Bitcoin Miner Hut become the ‘biggest’ by capacity after opening 8 second site

2018-7-19 16:49

Toronto-based Bitcoin mining company Hut 8 has announced the completion of its second mining facility in Canada on July 16, claiming to have become the world’s “largest publicly-traded” operator by capacity.
In a press release, Hut 8 revealed its Medicine Hat farm had been completed ahead of its September deadline, joining its existing operation in the city of Drumheller.
Launched through a partnership with BitFury, which provided the company access to mining hardware and other necessities, Hut 8 has mined around 1,900 Bitcoin (BTC) since its original launch in December last year, the press release notes.
BitFury and Hut 8’s comparative success further diversifies the Bitcoin mining market, which continues to see dominance from the Chinese-owned Bitmain.
Canada has become a challenging environment for large-scale cryptocurrency miners this year.

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