bitcoin mining
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Hut 8 has emerged as the winning bidder for two West Texas data-center sites formerly operated by bankrupt Bitcoin mining pool Poolin, offering $140 million in cash and other consideration for the Pyote and Tarbush facilities. The auction result is a major new infrastructure development following Hut 8’s broader Texas expansion, but the transaction is…
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Hut 8 says it supports Texas’ new data-center standards as the state tightens expectations around grid reliability, water conservation, community impact and infrastructure costs. The response is especially relevant because Hut 8 grew from Bitcoin mining into a broader energy and digital-infrastructure platform and is now developing one of Texas’ largest AI data-center campuses. Texas…
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Canaan says an approximately 8 MW Nordic district-heating installation built around its hydro-cooled Avalon A1566HA Bitcoin mining systems is now fully online, turning ASIC heat into hot water for roughly 2,800 homes. The September 24 update marks a significant milestone for a project Canaan first detailed in May. At that point, approximately 2 MW of…
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Fortitude Mining has expanded its credit facility with parent company Digital Currency Group from $26 million to $50 million, adding capital for proof-of-work mining machines, data-center acquisitions, greenfield construction and infrastructure expansion. The September 23 amendment leaves Fortitude with approximately $31 million of remaining borrowing capacity. The company expects that capacity to be funded primarily…
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TerraHex Digital has secured its initial fleet of Bitcoin mining ASICs for a planned 9 MW modular computing node in southern Nigeria, moving the project toward a targeted December 2026 launch. The company has received a second ASIC shipment at its U.S. processing hub, while the first batch is being inspected, tested, conditioned and certified…
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