US Bitcoin Corp (USBTC) has signed multi-year agreements to host 150,000 Bitcoin mining machines with major firms like Marathon Digital Holdings (MARA), company CoinDesk announced.
The deals show the apparent recovery of the mining industry, which is getting back on its feet after a difficult 2022. Last year’s crypto downturn caused many large miners to go bankrupt, including Compute North, which originally operated the three USBTC sites.
The three bitcoin mines are located in Kearny, Nebraska, and in Granbury and Upton County, Texas. Energy investment firm Generate Capital bought Compute North’s interests in two of the sites, one in Nebraska and one in Texas, while the Upton County facility is owned and operated by a 50-50 joint venture with NextEra Energy (NEE). becomes.
Foundry, Sphere 3D (ANY), Decimal Group and TeslaWatt are among USBTC’s new hosting customers. Foundry is owned by CoinDesk’s parent company, Digital Currency Group.
USBTC declined to comment on the estimated value of the hosting deals, citing merger disclosure requirements.
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