Hut 8 Corp., a leading Bitcoin (CRYPTO:BTC) miner, has finalised a significant power purchase agreement for a site in West Texas.

This agreement grants Hut 8 access to 205 megawatts of power capacity, integrated into the ERCOT grid and situated near a wind farm. 

The move aims to leverage low wholesale power costs for Bitcoin mining and AI operations, expanding Hut 8’s energy infrastructure to approximately 1.3 gigawatts.

CEO Asher Genoot highlighted the strategic importance of navigating regulatory complexities in the Texas market, positioning Hut 8 for growth in self-mining and managed services.