Mawson Infrastructure Group Expands to New Bitcoin Mining Web site in Ohio, Plans to Enhance Hashpower by 1 EH/sMay 2, 2023
Mawson Infrastructure Group introduced on Monday that the corporate has secured a brand new mining website in Corning, Ohio. The bitcoin mining agency, on Could 1, 2023, unveiled its plans to arrange its miners on the new location by Q3 of this yr, with an intention to boost the operation’s hashpower by 1 exahash per second (EH/s).
Bitcoin Miner Mawson Acquires 24 MW in Ohio With Room for Growth
On Could 1, 2023, Mawson Infrastructure Group revealed it has signed an settlement for a brand new website in Ohio. This growth comes on the heels of the corporate’s prior ventures in Pennsylvania and the choice to tug out of Australia.
The brand new mining website, positioned in Ohio, is predicted to supply a beginning capability of 24 MW. Mawson, nonetheless, anticipates increasing its operations to harness an extra 26 MW of energy, successfully bringing the entire capability of the positioning to 50 MW.
The mining firm disclosed it already operates 240 MW of capability within the surrounding space. “We’re very excited to have finalized this new website acquisition. The addition of this website to our portfolio of belongings within the area is a superb achievement by the workforce reinforcing our revised technique of focus within the PA/OH area,” Mawson’s CEO, James Manning commented.
Regardless of the enlargement information, Mawson’s publicly-listed shares (Nasdaq: MIGI) have skilled a 5% drop within the final 24 hours and a 1.97% decline during the last month. Nonetheless, the statistics of the previous six months reveal an upward pattern in MIGI shares by 11.26%, and year-to-date, the shares have elevated greater than 107%.
Mawson’s preliminary plan for the Corning facility is to deal with 12 cell knowledge middle (MDC) models and seven,056 miners. Each hosted and self-hosted machines will probably be deployed on the new mining location. Simply previous to the Ohio announcement, in April, Mawson sold its Greenfield Texas websites for $8.5 million.
What do you assume the long run holds for Mawson Infrastructure Group’s enlargement plans within the PA/OH area? Share your ideas about this topic within the feedback part under.