Hut 8 Expands its Operations in Texas
Bitcoin mining company Hut 8 has made a deal to increase its mining power in Texas. The deal includes securing 205 megawatts of power and land in West Texas, which will bring its energy infrastructure platform’s capacity to approximately 1.3 gigawatts.
The site is connected to a wind farm and the Electric Reliability Council of Texas (ERCOT), allowing Hut 8 to access some of the lowest pricing for electric power in North America.
This is the first time a data center of this size has been approved in this market. The company’s CEO, Asher Genoot, stated that the deal would not have been possible without navigating a complex regulatory framework.
This expansion is a result of Hut 8’s merger with US Bitcoin Corp in December 2023, valued at $725 million.
