Odaily Planet Daily News Bitcoin mining company Cathedra Bitcoin (CBIT) plans to deploy Bitcoin mining machines at the Texas site owned by 360 Mining, which uses off-grid natural gas to power Bitcoin production. The agreement covers a total supply of 2 MW of mining capacity, with an initial deployment of 0.3 MW over the next 60 days. When fully developed, the site is expected to generate at least 54 petahash per second (PH/s) incremental hashrate, Cathdera said. Under the deal, Cathedra will pay $55 per megawatt-hour of electricity, plus 10 percent of the total bitcoin mined at the location. (CoinDesk)