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Hut 8 reveals plan to become fully focused on in-house mining after deal to buy ASICs

Canada-based crypto mining firm Hut 8 has closed a deal that will see the company become fully focused on self-mining. The publicly-traded company is buying all 960 Whatsminer M31S+ machines from hosting client TAAL, according to an announcement on Tuesday. The ASIC machines are currently installed in the company’s facility in Medicine Hat, Canada. And effective May 1 Hut 8 will no longer act as a host. The move will add 81 petahash per second (PH/s) to Hut 8’s collective …