ASIC fleet upgrade hashrate
Company: Hut 8
The claim, verbatim
The ASIC fleet upgrade was completed in the first week of April 2025, increasing deployed hashrate to 9.3 EH/s and improving average fleet efficiency to approximately 20 J/TH at the end of Q1 2025.
Source (primary)
hut-8 8-K exhibit (hut-20250508xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-15)Live source ↗
Quote: “Executed ASIC fleet upgrade, which was completed in the first week of April 2025, increasing deployed hashrate to 9.3 EH/s and improving average fleet efficiency to approximately 20 J/TH at the end of Q1 2025.”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The release's Compute highlights state each of these figures and the completion timing.
Confirmed in the source:
- Hut 8's ASIC fleet upgrade was completed in the first week of April 2025
- The upgrade increased deployed hashrate to 9.3 EH/s
- The upgrade improved average fleet efficiency to approximately 20 J/TH at the end of Q1 2025
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000155837025006847/hut-20250508xex99d1.htm) in full (21,174 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (hut-20250508xex99d1.htm)
Quote: “Executed ASIC fleet upgrade, which was completed in the first week of April 2025, increasing deployed hashrate to 9.3 EH/s and improving average fleet efficiency to approximately 20 J/TH at the end of Q1 2025.”