US Bitcoin Corp Secures High-Profile Hosting Contracts

May 18, 2023 at 07:30 AM EDT

US Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”), a leading industrial-scale operator of bitcoin mining sites for both self-mining and hosted machines, today announced that it has finalized hosting contracts for an aggregate of approximately 150,000 machines with major mining companies, including Marathon Digital, Foundry USA, Sphere 3D, Decimal Group, and TeslaWatt.

USBTC will host these machines at its Charlie, Delta, and Echo sites, which the company operates under its US Mining Infrastructure Operations (“USMIO”) subsidiary. USMIO provides site owners with an industry-first, turnkey site management solution covering all aspects of site operations, including accounting, curtailment, and customer relations.

“Our most recent partnerships with major hosting customers showcase our commitment to collaborative growth and innovation,” said Asher Genoot, President of USBTC. “We continue to expand operations across sites both fully owned by USBTC and operated in partnership with pioneering site owners like Generate Capital and NextEra Energy. We are committed to driving the future of sustainable and efficient Bitcoin mining infrastructure and our ability to secure major hosting contracts at these sites is a testament to this vision and our operating capabilities.”

USBTC’s Charlie and Delta sites are located in Kearney, Nebraska, and Granbury, Texas, respectively. USBTC operates these sites in partnership with Generate Capital, a leading financier and operator of sustainable infrastructure.

USBTC’s Echo site is located in Upton County, Texas, and co-located with a wind farm. USBTC operates the site under a joint venture with NextEra Energy, one of the world's largest energy companies. USBTC entered the joint venture with NextEra Energy in December 2022, when it acquired the 50% membership interest formerly held by Compute North Holdings, Inc. in the joint venture.

About US Bitcoin Corp (USBTC)

USBTC is a leading industrial-scale operator of bitcoin mining sites, specializing in the design, construction, and management of sites with access to low-cost and sustainable sources of energy. The company operates four sites across the United States with a total capacity of more than 730 MW of electricity and generates revenue through self-mining, hosting, managed infrastructure operations, and equipment sales.

USBTC announced an all-stock merger of equals with Hut 8 Mining Corp. on February 7, 2023, which is subject to customary closing conditions. The combined company will be named Hut 8 Corp. and will be a U.S.-domiciled entity.

For more information, visit www.usbitcoin.com or contact info@usbitcoin.com

Disclaimer

This press release incorporates "future-oriented information" and "forward-looking statements" as per United States securities laws. All data, apart from statements of historical facts, included in this press release that address actions, events, or developments that USBTC anticipates or expects will or might take place in the future, including aspects such as future business strategy, competitive strengths, objectives, expansion and growth of USBTC's businesses, operations, plans, and other similar matters, constitute future-oriented information. Forward-looking information is often indicated by terms such as "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely", or similar expressions. Furthermore, any statements in this press release referring to expectations, projections, or other descriptions of future events or circumstances contain forward-looking information.

Statements containing forward-looking information are not historical facts; instead, they signify management's expectations, estimates, and projections about future events based on certain significant factors and assumptions at the time the statement was made. While US Data Mining Group Inc. dba US Bitcoin Corp (“USBTC”) deems these statements reasonable as of the press release's date, such statements are subject to recognized and unknown risks, uncertainties, assumptions, and other factors that may result in the actual results, activity level, performance, or achievements being materially different from those conveyed or implied by such future-oriented information.

The forward-looking statements included in this press release are provided as of the press release's date, and USBTC expressly disclaims any duty to update or modify statements containing any future-oriented information, or the factors or assumptions underlying them, whether due to new data, future events, or otherwise, except as mandated by law. Except where otherwise specified herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date of preparation.