Mentioned:
There’s a new Bitcoin mining deal in the public markets. And its leveraging renewable energy production in Texas.
What’s happening:
- Soluna Holdings (NASDAQ: SLNH) and Bit Digital (NASDAQ: BTBT) have signed a new year long deal to host Bit Digital’s Bitcoin mining hardware at a data centre located in Texas
By the numbers:
- Soluna Holdings will provide Bit Digital with 5.5 megawatts of electricity to power their Bitcoin mining operations
- Currently, Soluna Holdings is providing Bit Digital with more than 12 megawatts of total power across multiple different data centres within Texas
Why it matters:
- This is one of the most notable hosting partnerships that Soluna Holdings has entered into, which provides significant validation around their approach of building modular data centres that are located close to renewable energy facilities as a way of accessing ultra low cost electricity
Going deeper:
- Bit Digital has also been aggressively making moves to become a leader in high performance computing, including just recently cutting a notable deal to provide access to Nvidia (NASDAQ: NVDA) H100 GPUs in Iceland for artificial intelligence workloads
