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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

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    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

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    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

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    Blockchain Bookmakers: A New Era of Fair and Secure

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

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Home Mining

Hut 8 ramps up with 205 MW deal in Texas, boosting capacity to 1.3 GW

July 9, 2024
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Hut 8 ramps up with 205 MW deal in Texas, boosting capacity to 1.3 GW
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North American Bitcoin miner Hut 8 has expanded its energy infrastructure platform to approximately 1.3 gigawatts after it secured a power purchase agreement (PPA) for a 205-megawatt site in West Texas, according to a July 9 statement shared with CryptoSlate.

READ ALSO

A Phenomenal 671 BTC Haul in July

Cango posts ‘massive’ July Bitcoin haul, boosting corporate treasury

According to the miner, this site offers immediate access to power and marks the first step in its plan to develop 1,100 megawatts of exclusive energy capacity.

Hut 8 pointed out that this was its first project following the $150 million investment from Coatue to support the buildout of the next-generation energy infrastructure platform.

Following the news, Hut 8’s stock prices rose by 2.06% during early market trading, according to Yahoo Finance data.

The site

The PPA site, located next to a wind farm, is connected to a grid belonging to the Electric Reliability Council of Texas (ERCOT). This connection gives Hut 8 access to some of North America’s lowest wholesale power prices.

The site already has an operational substation, and work is underway to build a new data center. The miner stated that the location is ideal for supporting high-density computing applications like Bitcoin mining and artificial intelligence.

Hut 8 CEO Asher Genoot highlighted the significance of this move, noting that it showcases the firm’s expertise in navigating regulatory challenges. The project is the first of its kind “under the complex regulatory framework in this particular market.”

He added:

“This transaction exemplifies Hut 8’s differentiated approach to securing new energy capacity through mutually accretive partnerships. We continue to identify opportunities to work hand-in-hand with energy partners to develop bespoke structures that generate outsized value for every party involved.”

Meanwhile, this development arrives amid a significant decline in Bitcoin miners’ earnings. However, Hut 8 reported growth in Bitcoin production last month. The firm produced 107 BTC in June, up from 91 BTC in May.

See also  Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract

The post Hut 8 ramps up with 205 MW deal in Texas, boosting capacity to 1.3 GW appeared first on CryptoSlate.

Tags: BoostingcapacitydealHutRampsTexas

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