Crypto Gloom

Hut 8 Unveils BTC-Funded 62MW Texas Facility to Improve Mining Efficiency

Hut 8 Unveils BTC-Funded 62MW Texas Facility to Improve Mining EfficiencyOn Tuesday, publicly traded Bitcoin mining company Hut 8 said it had begun construction on a new mining facility in Culberson County, Texas, and plans to have it operational by the second quarter. Hut 8 further revealed a new financial strategy that leverages its Bitcoin holdings to fund the company’s growth efforts. Hut 8 Leverage(…)