The company expects the miners to increase its hashing capacity to 8.0 exahashes from its present 1.0 EH once all are operational.
The firm announced its pivot to mining in January.
The ASICs are set to be deployed in Blockstream facilities through the U.S. and Canada.
The new machines will add 475 PH/s to Hut 8's hash power.
Miners are “scrambling” for any available machines as manufacturers stay sold out.
The Vancouver firm is targeting 1,000 PH/s in the next 12 months.
The Nasdaq-listed mining manufacturer dropped 2% in Q3.
The new Southeast Asian facility will mean U.S. buyers won't have to pay an additional 25% tax on miner orders.
The publicly traded firm has bought hundreds of rigs from mining hardware rivals MicroBT and Bitmain.
MicroBT is rolling out three top-of-the-line bitcoin miners hoping to eat further into Bitmain's market dominance at a key time for the industry.
Bitcoin miner manufacturers Bitmain and MicroBT are racing to bring top-of-the-line machines to market ahead of bitcoin's halving event.
Bitcoin miner maker MicroBT rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain's dominance.
The shortage of new mining machines caused by the coronavirus outbreak could curb computing power growth from Chinese miners who contribute over 65% of Bitcoin’s hash power.
MicroBT and Canaan have notified customers they would be delaying ASIC deliveries due to the Chinese government's quarantine of Wuhan following the coronavirus outbreak.
The arrest, noted by the Shenzhen Nanshan District Prosecutor on Dec. 12 and reported by business publication Caixin on Sunday, comes amid ongoing battles between mining giant Bitmain and MicroBT, which has been a rising competitor this year challenging Bitmain's market dominance.