Cuentas signs power and colocation deal with Power Upp USA for Texas mining site
Bitget2026/09/23 14:05- Cuentas signed a power-as-a-service and colocation deal with Power Upp USA for a West Texas site in Seminole, Texas.
- Service Order covers up to 10 container sets at 2.4 MW each, implying up to 24 MW contracted demand for bitcoin mining.
- One-time charges set at USD 500,000 per container set for customer-owned ASIC miners; total USD 5 million if all 10 deploy.
- Security deposits set at USD 90,000 per container set; total USD 900,000 if fully deployed.
- Ongoing pricing includes USD 0.05 per kWh energy charge, 5% of gross mining revenue, USD 2,500 monthly fee, 80% take-or-pay minimum.
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