Cathedra Bitcoin (CBIT) wants to deploy equipment at a Texas location owned by 360 Mining, which uses off-grid natural gas to power bitcoin production. The agreement calls for a total supply of 2 megawatts of mining capacity, with an initial deployment of 0.3 megawatts in the following 60 days. Cathdera announced Friday that the location is expected to provide at least 54 petahash per second (PH/s) incremental hashrate when fully operational. Cathedra, based in Vancouver, will pay the Austin, Texas-based company $55 per megawatt hour of power utilised, plus 10% of total bitcoin produced at the location.