The new site will purportedly cost 40% less than similar locations.
North American digital asset miner Hut 8 has begun construction on a new 63-megawatt mining facility in Culberson County, Texas, its fifth U.S. mining location.
The new facility is expected to be open for business with miners online by Q2 2024.
As Cointelegraph recently reported, Canada-based Hut 8 and US Bitcoin corp. formed a new company under merger in Dec. of 2023. After the reported $725 million merger, the company resumed operations under the name Hut 8 as a U.S.-domiciled corporation headquartered in Miami, Florida.
