Bitcoin Mining Firm Hut 8 Secures Canadian Electricity Supply Deal

Announcements, News | March 23, 2018 By:

Bitcoin mining firm Hut 8 has signed a $100 million deal with the city of Medicine Hat in the Canadian province of Alberta to both lease land and purchase 42 megawatts (MW) of electrical power for its second mining facility.

The Bitfury-backed company said the new mining facility will be set up next to the southern Alberta city’s new $55.7 million natural gas-fired power plant,