Hut 8 secured a purchase agreement for 205 megawatts of power and land in West Texas, expanding its energy infrastructure to about 1.3 gigawatts of capacity.
Bitcoin miner Hut 8 has reached a deal to increase its operational mining power in Texas.
According to a July 9 announcement, the company secured a purchase agreement for 205 megawatts of power and land in West Texas. The transaction is expected to expand Hut 8’s energy infrastructure platform to approximately 1.3 gigawatts of capacity.
The site is adjacent to a wind farm and connected to the Electric Reliability Council of Texas (ERCOT), which is responsible for managing the flow of electric power to about 90% of the state’s electric load. According to Hut 8, it is now able to access “some of the lowest locational wholesale power pricing in North America.”
