Canadian Bitcoin mining firm Hut 8 has signed an interim agreement to establish a new mining site in Cedarvale, Texas, following the bankruptcy of Celsius Network.
The site in Texas is expected to house nearly 66,000 miners and will use more than 215 MW of energy.
Hut 8 President, Asher Genoot, commented that the agreement aims to build equity with Celsius's creditors and to expand the firm's managed services business.
Once the site is operational, Hut 8 anticipates having over 895 MW worth of infrastructure under its management.