ASIC fleet upgrade of ~111 MW in Q1 2025
Company: Hut 8
What the later record shows
Outcome not yet confirmed
Later filings confirm the November 2024 Bitmain purchase agreement for about 30,000 S21+ miners. No passage says the ~111 MW fleet upgrade was completed, or when.
“In November 2024, the Company entered into a purchase agreement with Bitmain to purchase approximately 30,000 Bitmain Antminer S21+ ASIC miners”
2025-11-03 · Hut 8 10-Q filed 2025-11-04 View cached copy (2026-08-31)Live source ↗
Checked October 25, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
On November 6, 2024, Hut 8 signed a purchase agreement with BITMAIN, mainly for Antminer S21+ miners, to upgrade about 111 MW of self-mining capacity in Q1 2025.
Source (primary)
hut-8 8-K exhibit (hut-20241113xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-25)Live source ↗
Quote: “signed a purchase agreement with BITMAIN on November 6, 2024 to upgrade approximately 111 MW of self-mining capacity across its existing fleet in Q1 2025”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms hut-8 8-K exhibit (hut-20241113xex99d1.htm)
Quote: “signed a purchase agreement with BITMAIN on November 6, 2024 to upgrade approximately 111 MW of self-mining capacity across its existing fleet in Q1 2025”