U.S. Bitcoin Corp (USBTC) has signed multi-year agreements to host 150,000 bitcoin mining machines with major firms including Marathon Digital Holdings (MARA), the firm told CoinDesk.
The deals showcase the apparent rebound in the mining industry, which is trying to rise after a rough 2022. Last year’s crypto downturn led to a lot of major miners going bankrupt, including Compute North, which was originally running the three USBTC sites.
The three bitcoin mines are in Kearny, Nebraska, as well as Granbury and Upton County, Texas. Energy investment firm Generate Capital bought Compute North’s stake in two of the sites, one in Nebraska and one in Texas, whereas the Upton
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