According to CoinDesk, Bitcoin mining consulting company Sabre56 has completed $35 million in financing, with the investment mainly coming from private investors, and the specific investors have not been disclosed. The funds will be used to build its hosting site, with the goal of having 150 megawatts (MW) of energy capacity ready by the end of this year.
Sabre56 CEO Phil Harvey said the first four sites totaling 115MW have come online, located in Wyoming and Texas, and that capacity will be built in increments of 7MW-15MW per month, with the first coming online in mid-March.