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Whatsminer M73 Review: 470 to 526 TH/s Hydro Cooled ASIC (2026)

The Whatsminer M73 is MicroBT's flagship hydro cooled miner in the M70 generation and one of the top tier machines in the industry, delivering 470 to 526 TH/s at 14.5 J/TH and ~7,200 W. Its signature strengths are raw hashrate density and near silent liquid cooled operation.

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On this page
  1. 01Specs at a Glance
  2. 02Hashrate and Efficiency: Reading the Numbers
  3. 03Why Hydro Cooling Matters
  4. 04Hosting the M73 at Fathom Labs
  5. 05Who Should Buy the M73?

Our rating: 4 / 5 (Fathom Labs sells this model)

This review covers the M73 itself, not the M73S or M73S+. Our rating is our editorial judgment based on MicroBT's published specifications. We do not fabricate ratings or profit projections.

Important: What the M73 Is Built For

The M73 is rated at 14.5 J/TH (for reference, the M70S is rated at ~13.5 J/TH and the M70 at ~14.5 J/TH). The M73's strengths are: (1) 470 to 526 TH/s raw hashrate in a single chassis; (2) hydro cooling that runs near silent; (3) high rack density for large scale operations. If you want an air cooled machine, the M70S and M70 are built for that setup.

Specs at a Glance#

Manufacturer
MicroBT
Model
Whatsminer M73
Hashrate
470 to 526 TH/s (highest in M70 generation)
Efficiency
14.5 J/TH
Power Draw
~7,200 W
Cooling
Hydro cooled (liquid cooling loop required)
Monthly electricity (at $0.07/kWh, 24/7)
~$362 (7.2 kW × 720h × $0.07)

Hashrate and Efficiency: Reading the Numbers#

The M73 offers up to ~2× the hashrate of the M70S (470 to 526 vs. ~264 TH/s) at ~2.06× the power draw (~7,200 W vs. a typical 3,500 W for the M70S, which draws about 3,140 to 5,000 W depending on power mode). In terms of electricity cost per TH:

M70S at $0.07/kWh, 264 TH/s
$0.668/TH/month
M73 at $0.07/kWh, 526 TH/s
$0.690/TH/month

Calculated as: (Power_kW × 720h × $0.07) ÷ TH/s. M70S at a typical 3,500 W draw: (3.5 × 720 × $0.07) ÷ 264 = $0.668. M73: (7.2 × 720 × $0.07) ÷ 526 = $0.690. These are electricity cost ratios only, not revenue figures.

At 14.5 J/TH, the electricity for one M73 at 526 TH/s is about $362 a month. The M73's economic case rests on density (more TH in one chassis) and operational benefits (quiet hydro cooling). For a similar hashrate, two M70S units (~516 TH/s combined) at a typical 3,500 W draw each come to about $353 a month across two chassis.

Why Hydro Cooling Matters#

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Near silent operation:Hydro cooled machines replace industrial fans with liquid cooling loops. The result is a fraction of the noise compared to air cooled ASICs (~75 to 85 dB). For dense data center deployments or noise sensitive environments, this is a meaningful operational benefit.
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Rack density:470 to 526 TH/s in a single chassis at ~7,200W, compared with two M70S units for similar hashrate (~516 TH/s) at two rack positions and ~7,000W combined at a typical 3,500 W draw each. For operators maximizing TH per unit of floor space, the M73's density is an advantage.
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Heat management:Liquid cooling removes heat more efficiently than air, enabling stable operation in warm ambient environments without the same airflow requirements as air cooled machines.

Hosting the M73 at Fathom Labs#

Our Southeast Texas facility supports hydro cooled ASIC deployment. An M73 bought from Fathom Labs can be hosted at the same $0.07/kWh all in rate as our air cooled machines, plus the standard one time $30 installation fee (miners bought elsewhere: $0.08/kWh, minimum 10 units per order). Contact us to confirm hydro capacity and availability.

Who Should Buy the M73?#

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Large scale operators maximizing hashrate per rack unit in density constrained facilities
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Noise sensitive deployments where air cooled fan noise is a constraint
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Operators with hydro infrastructure already in place looking to maximize TH in their facility

For first time and individual miners who prefer an air cooled setup, the Whatsminer M70S is a strong fit.

Questions

Frequently Asked Questions

The Whatsminer M73 delivers 470 to 526 TH/s. This is the highest raw hashrate in the M70 generation at up to approximately 2× the M70S's 264 TH/s. Note: this review covers the M73 itself. The M73S and M73S+ are separate models with different specifications.

The Whatsminer M73 is rated at approximately 14.5 J/TH and the M70S at approximately 13.5 J/TH. The two are built for different setups. 'Hydro cooled' describes the cooling method: it removes heat using liquid rather than air, which enables higher density and quieter operation. J/TH is a separate spec that measures energy per terahash.

The M73 is a strong fit when: (1) you need maximum raw hashrate in minimum rack space: 470 to 526 TH/s in one chassis vs. two M70S units at ~516 TH/s combined but in two chassis; (2) you need near silent operation: hydro cooled machines produce significantly less noise than air cooled; (3) you are scaling to a large hashrate in a density constrained or noise constrained facility; or (4) you have existing hydro cooling infrastructure. For individual miners who prefer an air cooled setup, the M70S is built for that.

The Whatsminer M73 requires a hydro cooled rack or immersion/liquid cooling loop. It cannot be operated in a standard air cooled environment. Our Southeast Texas facility supports hydro cooled ASIC deployment. The M73 also draws approximately 7,200W, requiring appropriate high current power supply infrastructure.

Buy or host a Whatsminer M73

We sell the Whatsminer M73 and support hydro cooled deployment at our Southeast Texas facility. Contact us to discuss M73 availability and hydro capacity.