Cuentas Launches Bitcoin Mining Operation in West Texas

Cuentas, Inc., a company developing financial technology and telecommunications solutions, announced a strategic partnership with Power Upp USA, Inc. to launch a Bitcoin mining operation in West Texas.

The project aims to capture and utilize methane and associated gas produced in connection with oil-field operations, reducing reliance on conventional utility power and putting an underutilized energy resource to productive use.

Cuentas believes that projects like this can provide both economic and environmental value, subject to applicable regulatory requirements. The company plans to use the generated electricity onsite for Bitcoin mining, creating a connection between its telecommunications customers and digital-asset infrastructure.

The proposed project is expected to yield revenue of approximately $130,000 per month in Phase 1, with potential expansion to up to 10 containerized mining units and approximately $1.3 Million per month in revenue by the end of Phase 2.