Cuentas signs power and colocation deal with Power Upp USA for Texas mining site

Bitget2026/09/23 14:05

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cuentas Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-102445), on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cuentas signs power and colocation deal with Power Upp USA for Texas mining site

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