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Miami-Headquartered Hut 8 Secures 205 MW Power Purchase in Texas, Expands Capacity to 1.3 GW

Jul 9, 2024, 12:45 PM

Miami-headquartered Bitcoin miner Hut 8 has entered into a definitive agreement to secure a 205-megawatt power capacity site in West Texas. This strategic power purchase deal will enable Hut 8 to expand its operational capacity and land footprint. The addition of this site increases Hut 8's total portfolio of owned megawatts to 835 MW, with 1.3 GW now under management. CEO Asher Genoot noted that this marks the first major data center approval in this particular market within West Texas, with the first load approved. The company aims to leverage efficient energy sources and scale high-density computing solutions.