Hut 8 Corp. has introduced the preliminary energization of Vega. Primarily based on publicly obtainable info, we consider Vega to be the most important single-building Bitcoin mining facility by nameplate hashrate. Spanning the equal of 5 soccer fields and masking 162,000 sq. toes, Vega is powered by 205 megawatts (“MW”) of nameplate power capability and at full energization will assist as much as ~15 exahash per second (“EH/s”) of BITMAIN U3S21EXPH servers for Bitcoin mining ASIC compute, or almost 2.0% of present world Bitcoin community hashrate.
Vega debuts a brand new Tier I knowledge heart kind issue that narrows the hole between legacy air-cooled ASIC infrastructure and liquid-cooled GPU infrastructure. Not like conventional mining amenities that depend on forced-air cooling and shelving methods that constrain compute density, Vega encompasses a proprietary, rack-based, direct-to-chip liquid cooling system designed in-house by Hut 8. The structure helps ASIC deployments at densities of as much as 180 kilowatts (“kW”) per rack.
The system’s modular structure—together with pump skids, fluid distribution networks, server racks, switchboards, and good energy distribution items—was designed by Hut 8’s in-house improvement group to optimize thermal effectivity, miner stability, and operational reliability. The result’s materially increased compute density, higher thermal management, and improved uptime in high-ambient environments like Texas. Preliminary buyer discussions assist the potential viability of this structure for future iterations of high-density, direct-to-chip liquid cooled infrastructure to assist rising HPC workloads and buyer wants.
“Vega exemplifies our innovation-driven method to digital infrastructure design,” stated Asher Genoot, CEO of Hut 8. “We constructed it for the place we consider the market goes, utilizing modular structure and adaptive thermal methods designed to scale and evolve as workload necessities develop extra complicated. Over the previous a number of weeks, as we’ve introduced the location on-line, it has turn into clear how nicely this structure performs below real-world situations.”
“Vega’s design is especially related for AI coaching and different non-customer-facing HPC workloads, the place we consider pace, density, and price effectivity will more and more take priority over conventional redundancy requirements,” stated Jake Palmer, Senior Vice President of Improvement at Hut 8. “The venture represents a design philosophy we intend to scale, refine, and deploy as we proceed to bridge the hole between high-cost, high-redundancy builds and lower-cost, application-optimized infrastructure.”
BITMAIN is the shopper for the complete ~15 EH/s deployment at Vega below an ASIC colocation settlement. Primarily based on ERCOT ahead power costs, the settlement is predicted to generate between $110 million and $120 million in annualized income upon full energization, topic to components together with ERCOT power pricing and facility uptime. The settlement additionally features a buy choice that permits Hut 8 to accumulate all or a part of the hosted fleet in as much as three tranches at a hard and fast value, exercisable inside six months of every tranche’s energization. This construction offers Hut 8 the power to transform the deployment into self-mining capability for its Bitcoin mining subsidiary, American Bitcoin Corp., supporting development in its scale from 10 EH/s to 25 EH/s.
“We’re proud to have partnered with Hut 8 to efficiently develop and commercialize the subsequent era of ASIC compute expertise,” stated Irene Gao, Vice President of Mining at BITMAIN. “Vega demonstrates what is feasible when two trade leaders with deep technical experience come collectively to push the boundaries of efficiency, effectivity, and design. We consider this collaboration has set a brand new benchmark for the trade, and we stay up for increasing on this success within the coming years.”
Challenge Highlights
Industrial scale: 205 MW of nameplate capability with an influence utilization effectiveness (“PUE”) of 1.06, powered behind-the-meter by a wind farm and front-of-the-meter by the ERCOT grid
Rack-based structure: Proprietary rack-based structure helps 180 kilowatts per rack, 50% increased than the 120-kW requirement of NVIDIA Blackwell HGX GPUs
Subsequent-generation ASIC compute expertise: Web site will host as much as 17,280 BITMAIN U3S21EXPH servers (at full energization), the primary ASIC miner mass-commercialized by BITMAIN with direct liquid-to-chip cooling inside a U kind issue, every delivering as much as 860 terahash per second (“TH/s”) at 13 joules per terahash (“J/TH”)
Direct-to-chip liquid cooling: 96 custom-designed cooling modules flow into 120,000 gallons of glycol-water resolution by means of a closed-loop, reverse return system designed to scale back water consumption versus typical high-density cooling methods
Capital effectivity: Estimated all-in price of roughly $430,000 to $450,000 per MW of nameplate capability
Time to market: From website acquisition in July 2024 to preliminary energization in June 2025, Vega was introduced on-line in below a yr, demonstrating Hut 8’s potential to make use of Bitcoin mining infrastructure improvement to quickly monetize energy property
Commercialization by means of ASIC Colocation: BITMAIN will eat the complete ~15 EH/s deployment at full energization pursuant to a colocation settlement that may generate income for Hut 8’s Digital Infrastructure section and features a buy choice that, if exercised, would allow American Bitcoin to scale its self-mining capability from 10 to ~25 EH/s
