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Path to ~24 EH/s self-mining at 15.7 J/TH by Q2 2025

Company: Hut 8

This claim was marked delayed on October 25, 2026. Recorded automatically from the cited source when it was published, then queued for evidence review.

How this was decided: Automated extraction from the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
guidance
Statement date
2024-11-12
Promised by
2025-06-30
Current status
delayed

What the later record shows

The date slipped

The ~24 EH/s path depended on exercising the BITMAIN option. That option was only assigned to and exercised by American Bitcoin on August 5, 2025, after Q2 2025, and no passage reports reaching 24 EH/s or 15.7 J/TH.

“American Bitcoin exercised the option on August 5, 2025 and entered into an On-Rack Sales and Purchase Agreement”
2025-08-06 · Hut 8 10-Q filed 2025-08-07 View cached copy (2026-08-31)Live source ↗
“we assigned our option to purchase up to approximately 17,280 Bitmain Antminer U3S21EXPH ASIC miners”
2026-02-24 · Hut 8 10-K filed 2026-02-25 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

If it exercises the BITMAIN purchase option, Hut 8 says it could reach about 24 EH/s of self-mining hashrate at an average fleet efficiency of 15.7 J/TH as early as Q2 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: “we now have a path to reach ~24 EH/s in self-mining capacity and an average fleet efficiency of 15.7 J/TH as early as Q2 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: “we now have a path to reach ~24 EH/s in self-mining capacity and an average fleet efficiency of 15.7 J/TH as early as Q2 2025”

View cached copy (2026-10-25)Live source ↗

delays Hut 8 10-Q filed 2025-08-07

Quote: “American Bitcoin exercised the option on August 5, 2025 and entered into an On-Rack Sales and Purchase Agreement”

View cached copy (2026-08-31)Live source ↗

delays Hut 8 10-K filed 2026-02-25

Quote: “we assigned our option to purchase up to approximately 17,280 Bitmain Antminer U3S21EXPH ASIC miners”

View cached copy (2026-08-31)Live source ↗

Record of changes

October 25, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 25, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.