Sabre56 is transitioning from consulting on bitcoin mining projects to providing hosting services to industry firms, with plans to expand its capacity by 100-200 MW per year after 2023. The company has signed a deal with GEM Mining to host 4,510 of their bitcoin miners at new data centers in Wyoming. Sabre56 raised $35 million in February to build blockchain infrastructure data centers. The mining industry is expected to shrink, with some companies, like Iris Energy, facing bankruptcy and others considering a shift to third-party hosting. The future of the industry is uncertain.
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