Cuentas partners with Power Upp USA on West Texas methane-powered bitcoin mining project
Bitget2026/09/23 13:31- Cuentas entered a Power-as-a-Service, colocation agreement with Power Upp USA for a proposed West Texas bitcoin mining operation.
- Project targets onsite electricity from methane, associated gas tied to oilfield operations, aiming to lower power costs versus grid-based mining.
- Phase 1 targets about 1.5 BTC monthly, about $130,000 revenue at average bitcoin price above $86,000, profit up to $43,000.
- Phase 2 targets up to 24 megawatts, about $1.3 million monthly revenue, profit about $430,000, subject to staged deployment results.
- Mining profits earmarked to subsidize Bitcoin Mobile wireless service through customer rewards, enhanced mobile services, cybersecurity, VPN.
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