NFN8 Group

 Originally publised on einpresswire.com . NFN8 Group launches a cutting-edge Bitcoin mining facility in Texas, showcasing its commitment to innovation, security, and efficiency. AUSTIN, TX, UNITED STATES, January 30, 2025 / EINPresswire.com / --  NFN8 Group, a leader in the Bitcoin mining industry , is proud to announce the launch of its state-of-the-art Bitcoin mining facility in Texas. This cutting-edge leased data center reflects the company’s mission to deliver secure, efficient, and scalable Bitcoin mining solutions. Spanning an impressive 450,000 square feet, the facility incorporates innovative cooling and airflow systems specifically designed to meet the demanding requirements of Bitcoin mining. This new data center has roughly 70,000 square feet of dedicated space for mining operations and repairs with an initial electrical infrastructure and capacity of 10 Megawatts, which is expected to be reached by February 2025. A key highlight of the facility is its advanced co...

 Originally published on Yahoo Finance . AUSTIN, TX /  ACCESS Newswire  / January 17, 2025 /  2024 marked a transformative year for NFN8 Group. In a remarkable achievement, NFN8 Group successfully fulfilled over $11 million in financial obligations to its equipment lender, NYDIG, further solidifying its robust financial standing and long-term growth strategy. This milestone stems from strategic futures contracts signed in 2021 and 2022 with one of the world's leading Bitcoin "supercomputer" manufacturers, totaling over $25 million. These agreements empowered NFN8 Group to enhance its mining capabilities with state-of-the-art equipment. As the Bitcoin miners became operational and generated consistent cash flow, the company steadily reduced its loan obligations, culminating in full repayment in 2024. "With the exception of our core clients who participate in our sale/leaseback program, we are starting 2025 completely debt-free. This is a breath of fresh air and a maj...

NFN8 Group is a prominent player in digital asset mining and trading. Humbly founded in 2017 in Pflugerville, Texas, the company was self-funded by its three founders. NFN8 has remained independent, enabling it to develop a unique business model focused on long-term growth and adaptability. NFN8 Group specializes in Bitcoin mining. The company uses proprietary software and houses its own industrial-level equipment in its cutting-edge, company-owned U.S. data centers. A distinctive feature of NFN8's approach is its unique sale/buyback program, which provides its accredited clients with a fixed monthly cash flow. The organization does not simply accumulate and hold Bitcoin; instead, it creates and trades digital assets for cash, which is reinvested in next-generation supercomputers. They utilize short-term spikes to their advantage, allowing NFN8 to grow during periods of market volatility. Elsewhere on the net: NFN8 Group Linkedin Crunchbase Pitchbook NFN8 GROUP Welcomes the F...

Originally published in Financial Tech Times. Digital assets, and Bitcoin, in particular, are currently on the verge of making history. The bitcoin price is surging. While its value dropped in August, it has since more than doubled. Bitcoin has now passed its recent all-time high with a current market price of  over 100,000 USD . Did those who don’t own Bitcoin miss out? If you asked Cory Rodriguez, COO of  NFN8 Group , his answer would be, “Bitcoin’s greatest asset isn’t necessarily just in its holding and selling — it’s in the process of mining.” Introduction to Bitcoin and Mining To understand just how extraordinary Bitcoin’s rise has been and why its greatest asset is the process of mining, the best place to start is a brief introduction to Bitcoin’s history and how its price has evolved. Bitcoin is the world’s premier form of digital currency. Designed to function as an alternative to fiat money, Bitcoin was first introduced in 2009 by a developer (or a group of developer...