Bitcoin Mining Firm Hut 8 Slashes Cost By 30% As Halving Closes In

Coingape

Bitcoin Mining Firm Hut 8 Slashes Cost By 30% As Halving Closes In

Bitcoin mining firm, Hut 8 has announced optimization of its Salt Creek mining location in Texas ahead of the halving. In an April 16 statement, the North American-based miner disclosed innovations to its facilities. According to the statement, the miner energized one-third of its 63MW site to boost pre-halving figures giving the firm an edge. The move will reduce mining costs by 30% amid increasing energy costs adding to the production cost of …