Hut 8 to build a 63 MW Bitcoin Farm in Texas
The company also announced a review of the strategy for storing bitcoin reserves. Hut 8 intends to use digital assets to finance strategic initiatives.
The mining company Hut 8 has announced the start of construction of a bitcoin mining enterprise in Culberson (Texas) with an estimated hashrate of 3.6 EH/s.
It is planned that the construction of an object with a power consumption of 63 MW will cost about 40% cheaper compared to the purchase.
According to a press release, the company has made recent acquisitions at the rate of $460,000 per MW. When building on its own, the company expects to manage the corresponding costs of $ 275,000.
The company also announced a review of the strategy for storing bitcoin reserves. Hut 8 intends to use digital assets to finance strategic initiatives.
Specific decisions on the sale of cryptocurrencies from the balance sheet will be made on a case-by-case basis. The first of these will be the expansion in Culberson.
Source: https://forklog.com/news/hut-8-postroit-v-tehase-bitkoin-fermu-na-63-mvt
