Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s

Mawson Infrastructure Group announced connected Monday that the institution has secured a caller mining tract successful Corning, Ohio. The bitcoin mining firm, connected May 1, 2023, unveiled its plans to acceptable up its miners astatine the caller determination by Q3 of this year, with an purpose to rise the operation’s hashpower by 1 exahash per 2nd (EH/s).

Bitcoin Miner Mawson Acquires 24 MW successful Ohio With Room for Expansion

On May 1, 2023, Mawson Infrastructure Group revealed it has signed an statement for a caller tract successful Ohio. This improvement comes connected the heels of the company’s prior ventures successful Pennsylvania and the determination to propulsion retired of Australia.

The caller mining site, located successful Ohio, is expected to connection a starting capableness of 24 MW. Mawson, however, anticipates expanding its operations to harness an further 26 MW of power, efficaciously bringing the full capableness of the tract to 50 MW.

The mining institution disclosed it already operates 240 MW of capableness successful the surrounding area. “We are precise excited to person finalized this caller tract acquisition. The summation of this tract to our portfolio of assets successful the portion is simply a large accomplishment by the squad reinforcing our revised strategy of absorption successful the PA/OH region,” Mawson’s CEO, James Manning commented.

Despite the enlargement news, Mawson’s publicly-listed shares (Nasdaq: MIGI) person experienced a 5% driblet successful the past 24 hours and a 1.97% diminution implicit the past month. Nonetheless, the statistic of the past six months uncover an upward inclination successful MIGI shares by 11.26%, and year-to-date, the shares person accrued much than 107%.

Mawson’s archetypal program for the Corning installation is to location 12 mobile information halfway (MDC) units and 7,056 miners. Both hosted and self-hosted machines volition beryllium deployed astatine the caller mining location. Just anterior to the Ohio announcement, successful April, Mawson sold its Greenfield Texas sites for $8.5 million.

What bash you deliberation the aboriginal holds for Mawson Infrastructure Group’s enlargement plans successful the PA/OH region? Share your thoughts astir this taxable successful the comments conception below.

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