Hut 8 Vega Data Center Powers Up for the First Time, Deploys the World’s Largest Bitcoin Mining Facility

ChainCatcher reports that Hut 8 Corp. (NASDAQ | TSX: HUT) announced today that its Vega data center has been powered on for the first time. The facility is considered the world’s largest single-site Bitcoin mining operation. Vega spans 162,000 square feet, is equipped with a nominal energy capacity of 205 megawatts, and, at full capacity, can deliver approximately 15 EH/s of Bitcoin mining power—about 2% of the current global Bitcoin network hash rate.

Vega will deploy up to 17,280 Bitmain U3S21EXPH servers, which are Bitmain’s first large-scale commercial U-shaped direct liquid-cooled ASIC miners. Each unit can deliver up to 860 TH/s of hash power with an energy efficiency of 13 J/TH.

As a client, Bitmain will deploy all approximately 15 EH/s of mining machines at Vega, which is expected to generate annualized revenue of $110 million to $120 million for Hut 8. The agreement also includes a purchase option that, if exercised, would expand Hut 8’s proprietary mining capacity from 10 EH/s to approximately 25 EH/s.

Previous reports indicated that Vega was expected to be powered on in the second quarter of 2025 to prepare for the approximately 15 EH/s hosting agreement reached with Bitmain.