Hut 8 Completes $11.8M Financing for New Bitcoin Mining Machines
The new machines will add 475 PH/s to Hut 8's hash power.
The securities offering is expected to take place on the Toronto Stock Exchange.
Ethereum is migrating to proof-of-stake, but miners still see profit in proof-of-work.
The shares are scheduled to make their debut on Nasdaq next week.
The batch of processors will add 1,600 GH to Hut 8's mining capacity.
Hut 8 plans to add another 5,000 ASICs to Foundry's pool by August.