ChainCatcher news, Bitcoin miner Hut 8 has signed a power purchase agreement to have 205 megawatts of immediately available power capacity and land at a site in West Texas. This transaction is the first deal in Hut 8's previously announced 1,100 megawatt exclusive energy capacity plan.Hut 8 CEO Asher Genoot stated, "We will continue to seek opportunities to collaborate with energy partners to develop customized structures that create value for all parties."Hut 8 indicated that the site is well-positioned to support high-density computing applications, including Bitcoin and artificial intelligence, with data center engineering, procurement, and construction work underway. Once completed, this transaction is expected to increase Hut 8's total capacity of owned and managed services to approximately 1.3 gigawatts.

ChainCatcher news, Bitcoin miner Bitfarms (BITF) has signed two power purchase agreements in Paraguay, increasing its hydropower capacity to 150 megawatts (MW).It is reported that one of the deals is located in Villarrica, near Bitfarms' already operational site, worth up to 50 MW, while the second deal is worth up to 100 MW, located in Yguazu, close to the Itaipu hydropower plant. Bitfarms currently has 11 mining sites in Canada, the United States, Paraguay, and Argentina.Bitfarms CEO Geoff Morphy stated in a statement, "Paraguay has abundant surplus renewable energy, and these power purchase agreements aim to expand Bitfarms' footprint in resource-rich countries." Bitfarms indicated that the pre-tax price for both locations is $0.039 per kilowatt-hour (kWh) and will not be adjusted for inflation. (Source link)