BITMAIN ~15 EH/s U3S21EXPH colocation with purchase option
Company: Hut 8
What the later record shows
Delivered on time · happened August 5, 2025
The ~15 EH/s U3S21EXPH purchase option was exercised on August 5, 2025, before the end-2025 deadline. However, it was exercised by American Bitcoin, Hut 8's majority-owned affiliate, after assignment, rather than by Hut 8 directly. About 14.02 EH/s of the 14.86 EH/s was bought at that time.
“The Vega facility is expected to be a colocation site if Hut 8 executes its purchase option with BITMAIN”
2025-03-30 · hut-8 8-K exhibit (hut-20250331xex99d2.htm) View cached copy (2026-10-18)Live source ↗
“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 ↗
“American Bitcoin purchased 16,299 of the Bitmain Miners, representing a total of approximately 14.02 EH/s”
2026-05-05 · Hut 8 10-Q filed 2026-05-06 View cached copy (2026-08-30)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
Hut 8 partnered with BITMAIN to develop and host about 15 EH/s of U3S21EXPH miners under a colocation agreement. Hut 8 holds an option to buy up to the full ~15 EH/s for its self-mining hashrate by the end of 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: “a partnership with BITMAIN to develop and host ~15 EH/s of the U3S21EXPH, a next-generation ASIC miner, under a colocation agreement with a purchase option to add up to the entire ~15 EH/s to its self-mining hashrate by EOY 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: “a partnership with BITMAIN to develop and host ~15 EH/s of the U3S21EXPH, a next-generation ASIC miner, under a colocation agreement with a purchase option to add up to the entire ~15 EH/s to its self-mining hashrate by EOY 2025”
confirms Hut 8 10-Q filed 2026-05-06
Quote: “American Bitcoin purchased 16,299 of the Bitmain Miners, representing a total of approximately 14.02 EH/s”
confirms 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”
confirms hut-8 8-K exhibit (hut-20250331xex99d2.htm)
Quote: “The Vega facility is expected to be a colocation site if Hut 8 executes its purchase option with BITMAIN”