Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining's Texas Site

Crypto miner Cathedra Bitcoin (CBIT) plans deploy instrumentality astatine a Texas tract owned by 360 Mining, which uses off-grid earthy state to proviso energy for bitcoin production.

The statement covers a full proviso of 2 megawatts of mining capacity, with an archetypal 0.3 megawatt deployment successful the adjacent 60 days. At afloat blast, the determination is forecast to nutrient astatine slightest 54 petahash per 2nd (PH/s) incremental hashrate, Cathdera said Friday.

The woody sees Vancouver-based Cathedra paying $55 per megawatt hr of powerfulness utilized positive 10% of gross bitcoin mined astatine the tract to the Austin, Texas-based company.

Cathedra said the statement makes it the archetypal publically listed miner utilizing some on- and off-grid energy. Off-grid vigor tin let bitcoin miners to flight immoderate disapproval of destabilizing the energy grid owed to the powerfulness depletion progressive portion besides providing the enactment of selling powerfulness to the grid should it beryllium advantageous to bash so.