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

Mawson Infrastructure Group announced that it had signed an agreement to build a new facility in Ohio. The company has also announced that it will be pulling out of Australia and its previous ventures.

The new mine in Ohio is expected to have a capacity of 24MW. Mawson anticipates, however, expanding its operations in order to harness 26 MW more power, effectively increasing the total capacity of this site to 50MW.

The company has already revealed that it operates 240 MW in the area. We are thrilled to have completed this site acquisition. James Manning, Mawson CEO, commented that the addition of this asset to our regional portfolio is a major achievement for the team. It reinforces our revised strategy in the PA/OH area.

Mawson shares have dropped 5% in the past 24 hours, and by 1.97% over the last 30 days despite the news of the expansion. The statistics for the last six months show that MIGI shares are on the rise by 11.26%. Year-to-date the shares have risen more than 107%.

Mawson’s initial plan for Corning’s facility is to house 12 Mobile Data Center (MDC), units, and 7,056 miners. The new location will deploy both hosted and self-hosted equipment. Mawson announced its Ohio plans in April. In that month, it sold the Greenfield Texas mines for $8.5million.