Cuentas signs 36-month power-as-a-service deal with Power Upp for up to 24 MW Texas bitcoin mining

Cuentas Inc.

Agreement with Power Upp USA for power-as-a-service and colocation at Seminole, TX; up to 10 container sets, 24.0 MW max demand.
Each container set holds ~420 ASIC miners (4,200 total); one-time $500K per set for 432 ASIC miners + $90K security deposit.
All 10 deployed: $5.0M ASIC miner charges + $900K deposits; recurring 5% of gross mining revenue + $2,500/mo; energy $0.05/kWh.
80% minimum utilization take-or-pay obligation; 36-month initial term with 12-month auto-renewals; staged deployment every 90 days.
BTC suspension right: if below $55,000 for 15 consecutive days, may suspend ops for up to 1 month at $7,500 fee; either party may terminate.

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