COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- The Bitcoin mining industry has seen significant developments with Hut 8 Corp securing a significant power purchase agreement.
- Bitcoin miner’s daily revenues have plunged by 63% post the recent halving event, highlighting a tough landscape for the industry.
- Hut 8 Corp has taken a major step by securing a PPA for a site in West Texas, accessing 205 MW of power capacity, and planning substantial expansions.
Explore how Hut 8 Corp’s new Power Purchase Agreement in Texas is set to reshape Bitcoin mining, amidst an industry grappling with post-halving revenue drops and evolving strategies.
Hut 8 Corp’s Strategic Expansion in West Texas
On 9th July, Hut 8 Corp., a renowned Canadian Bitcoin mining firm, announced the completion of a power purchase agreement (PPA) for a site in West Texas. This agreement grants Hut 8 exclusive access to 205 megawatts of power capacity along with the necessary land, marking a pivotal step in the company’s extensive plans to enhance operational capabilities. This strategic initiative is pivotal as it represents the first of Hut 8’s broader objective to secure a total of 1,100 megawatts of energy capacity, which is expected to substantially scale up their Bitcoin mining operations.
Key Benefits of the New Power Purchase Agreement
The new PPA offers several significant advantages to Hut 8. Primarily, the site’s proximity to a wind farm and its connection to the Electric Reliability Council of Texas (ERCOT) grid enable Hut 8 to capitalize on some of North America’s most competitive wholesale power prices. The site also boasts existing infrastructure, such as an operational substation, which simplifies the process of connecting to the power grid and reduces setup time. Moreover, the site supports various high-density computing tasks, not limited to just Bitcoin mining, but also including applications like artificial intelligence (AI).
CEO of Hut 8, Asher Genoot, reflected on the significance of this deal by stating, “This is the first time a large data center load has been approved under the complex regulatory framework in this particular market.” This endorsement underscores Hut 8’s strategic and innovative approach to securing new energy capacity through partnerships that are mutually beneficial.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Market Reactions and Share Price Volatility
Upon the announcement of the PPA, Hut 8 shares initially experienced a slight increase of 1.54%, reaching $17.75. However, this was followed by a notable decline, with the stock price dropping by 5.13% shortly after, positioning the share price at $20.73. This volatility highlights the sensitivity of the market to news and developments within the Bitcoin mining sector.
Broader Industry Impacts Post Bitcoin Halving
The Bitcoin halving event has drastically altered the landscape for miners. Post-halving, the industry has observed a significant 63% reduction in daily revenues. This downturn has compelled miners to diversify their revenue streams, enhance their hashrate capacity, and engage in various strategic mergers, acquisitions, and partnerships to retain profitability. For example, CleanSpark’s acquisition of five mining facilities in Georgia has notably increased their processing power. Similarly, major players such as Marathon Digital, CleanSpark, and Riot Platforms have collectively secured $2 billion in equity financing to bolster their operations.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Data from IntoTheBlock confirms this steep decline in miner revenues, with total Bitcoin miner revenue (7-day moving average) recorded at $27.29 million, a substantial drop from $72.35 million recorded on 20th April, a day after the fourth Bitcoin halving event.
Conclusion
In summary, while Hut 8 Corp’s new power purchase agreement in West Texas represents a significant advancement in their expansion strategy, the broader Bitcoin mining industry faces challenges due to the recent halving. The landscape is reshaping as firms adapt through strategic initiatives and partnerships, despite the significant revenue drops. Moving forward, the ability of mining firms to innovate and strategically enhance their operations will be crucial in navigating this evolving financial terrain.
COINOTAG recommends • Traders club |
⚡ Futures with discipline |
Defined R:R, pre‑set invalidation, execution checklists. |
👉 Join the club → |
COINOTAG recommends • Traders club |
🎯 Spot strategies that compound |
Momentum & accumulation frameworks managed with clear risk. |
👉 Get access → |
COINOTAG recommends • Traders club |
🏛️ APEX tier for serious traders |
Deep dives, analyst Q&A, and accountability sprints. |
👉 Explore APEX → |
COINOTAG recommends • Traders club |
📈 Real‑time market structure |
Key levels, liquidity zones, and actionable context. |
👉 Join now → |
COINOTAG recommends • Traders club |
🔔 Smart alerts, not noise |
Context‑rich notifications tied to plans and risk—never hype. |
👉 Get access → |
COINOTAG recommends • Traders club |
🤝 Peer review & coaching |
Hands‑on feedback that sharpens execution and risk control. |
👉 Join the club → |
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |