Soluna and Bitdeer have expanded their Project Kati 1 agreement by about 7 MW. This will bring Bitdeer’s total deployment at the wind-powered Texas site to 35 MW and roughly 2.42 EH/s. The additional capacity is expected to be deployed by November and will fully book the K1BC phase of the project.
Frequently Asked Questions
FAQs Soluna and Bitdeer Add 7 MW to Their Texas Bitcoin Mining Deal
1 Whats the news here
Soluna Holdings and Bitdeer have expanded their existing partnership in Texas by adding 7 megawatts of mining capacity to the deal
2 Who is Soluna
Soluna is a company that builds and operates data centers for Bitcoin mining and other computing specifically designed to run on renewable energy like wind and solar
3 Who is Bitdeer
Bitdeer is a global Bitcoin mining company founded by Jihan Wu It provides mining hardware hosting services and cloud mining and operates its own mining farms
4 What does 7 MW actually mean
MW stands for megawatts a measure of electrical power 7 MW is enough electricity to power roughly 50007000 average US homes In mining terms it can run thousands of mining machines
5 Why is this a big deal
It deepens an existing partnership adds real mining capacity and shows continued investment in Texas as a major Bitcoin mining hub
6 What does Soluna get out of it
More revenue from hosting Bitdeers miners better use of its existing infrastructure and a stronger longterm customer relationship
7 What does Bitdeer get out of it
Additional mining capacity in the US access to Solunas lowcost renewablepowered sites and faster expansion without building from scratch
8 Where in Texas is this happening
Soluna operates renewablepowered data centers in Texas including its Project Dorothy site The added capacity is tied to Solunas Texas operations
9 Why Texas
Texas has some of the cheapest electricity in the US a deregulated energy market lots of wind and solar power and friendly policies for crypto mining
10 Is this good for the environment
Solunas model is built around using excess renewable energy that would otherwise be wasted That said Bitcoin minings overall energy use remains a debated topic
11 What are stranded or curtailed energy assets
These are renewable energy sources like wind farms that produce more power than the grid can use at certain times Soluna taps into this otherwisewasted power