US Bitcoin Company concludes host contract for 150,000 devices ── Signs of recovery in the mining industry | coindesk JAPAN | Coindesk Japan

US Bitcoin Corp (USBTC) has signed multi-year deals with major companies including Marathon Digital Holdings to host 150,000 bitcoin mining machines, according to CoinDesk. Told.

The deal marks a clear rebound in the mining industry. Last year’s crypto recession led to the bankruptcy of many major miners, including Compute North, which operated three USBTC sites.

The three mining facilities are located in Kearny, Nebraska, and Granbury and Upton counties, Texas. Energy investment firm Generate Capital bought out Kearny and Granbury’s stake, but the Upton County facility is owned and operated by NextEra Energy (NEE) in a 50/50 joint venture.

Foundry, Sphere 3D, Decimal Group and TeslaWatt are USBTC’s new hosting clients. Foundry is owned by Digital Currency Group, the parent company of CoinDesk.

USBTC is in the process of merging with Canada’s Hut 8 Mining in one of the biggest consolidation moves in the industry.

USBTC has reached an agreement with the City of Niagara Falls to continue operating a bitcoin mining facility in the city, showing positive signs of operation, while Hut 8 is facing operational difficulties.

USBTC declined to comment on the estimated value of the hosting deal, citing merger disclosure rules.

｜Translation: coindesk JAPAN
｜Editing: Toshihiko Inoue
｜Image: Shutterstock
｜Original: US Bitcoin Corp to Host 150K Crypto Mining Rigs