US Bitcoin Corp Secures Hosting Contracts With 150,000 Bitcoin Mining Machines
- US Bitcoin Corp (USBTC) has struck multi-year agreements with big corporations to host 150,000 Bitcoin mining equipment.
- The transactions highlight the apparent recovery in the mining sector, which is attempting to recover after a difficult 2022.
- The three bitcoin mines are located in Kearney, Nebraska, Granbury, Texas, and Upton County, Texas.
US Data Mining Group or US Bitcoin Corp (USBTC), a major industrial-scale operator of Bitcoin mining websites for both self-mining and hosted machines, announced that it has finalized web hosting contracts for a total of approximately 150,000 machines with major mining companies such as Marathon Digital, Foundry USA, Sphere 3D, Decimal Group, and TeslaWatt.
USBTC will host these machines in its Charlie, Delta, and Echo facilities, which are managed by the company’s subsidiary US Mining Infrastructure Operations (USMIO). USMIO offers site owners a first-of-its-kind, comprehensive site management system that covers all areas of site operations, including as accounting, curtailment, and customer interactions.
The transactions highlight the apparent recovery in the mining sector, which is attempting to recover after a difficult 2022. During last year’s cryptocurrency slump, several significant miners went bankrupt, including Compute North, which was previously hosting the three USBTC sites.
The three Bitcoin mines are located in Kearney, Nebraska, Granbury, Texas, and Upton County, Texas. Generate Capital purchased Compute North’s share in two of the locations, one in Nebraska and one in Texas, while the Upton County plant is owned and run in a 50-50 partnership with NextEra Energy (NEE).
USBTC President Asher Genoot stated:
“We continue to expand operations across sites both fully owned by USBTC and operated in partnership with pioneering site owners like Generate Capital and NextEra Energy. We are committed to driving the future of sustainable and efficient Bitcoin mining infrastructure and our ability to secure major hosting contracts at these sites is a testament to this vision and our operating capabilities.”
USBTC is in the midst of a merger with Canada Hut 8 Mining (HUT), one of the industry’s largest consolidation maneuvers. Although USBTC’s operations have experienced favorable improvements, including an agreement with the city of Niagara Falls to continue operating its bitcoin mine there, Hut 8 has been experiencing operational challenges.
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