Bitcoin mining company Hut 8 announced a power purchase agreement for its new facility in West Texas, providing access to 205 megawatts. 🌬️

The site is located adjacent to a wind farm and connected to the Electric Reliability Council of Texas' power grid, providing access to some of the lowest wholesale electricity prices in North America.

Hut 8 plans to use the site for Bitcoin and AI mining. This expansion follows Hut 8's recent achievement of securing $150 million in strategic funding from Coatue to strengthen its position in the AI ​​market.