The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the company has broken ground on a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or roughly 12 megawatts (MW) of capacity. Mawson’s new site is capable of 4.2 exhash per second (EH/s) when fully completed.
Mawson Deploys Six Modular Bitcoin Mining Data Centers in Sharon, Pennsylvania
Sharon, a town in western Mercer County, Pennsylvania, now has a bitcoin mining facility used by Mawson Infrastructure Group, a crypto mining operation and digital infrastructure provider. mawson said Youngstown Publishing’s Business Journal Daily reported that the company delivered six modular data centers capable of housing approximately 3,528 ASIC mining rigs.
The miners will consume 12 MW of capacity, but the site can host up to 35,280 ASIC bitcoin mining rigs, according to Mawson. The firm said the 35,000+ mining rigs will produce around 4.2 EH/s of SHA256 hash power, with the first 12 MW coming online over the next quarter.
Bitcoin miners, in general, have had a hard time dealing with the downturn in the crypto market and some mining operations went bankrupt due to losses. However, 2023 has been better since BTC prices have increased significantly in the last two months. Similarly, the difficulty of the network hit an all-time high this week at 43.05 trillion hashes.
Mawson stated that the new mining operation in Pennsylvania will be split between Mawson’s own mining and the company’s hosting services. The first six modules should be online by the second quarter, and the remaining 120 megawatts should be online for the remainder of 2023 and early 2024, the company said.
Mawson also operates a 100-megawatt site in Midland, Pennsylvania, and the two bitcoin mining sites combined will produce an estimated 7.8 exhash per second (EH/s). The launch of Sharon’s site “is further evidence of Mawson’s drive to deploy infrastructure and power through 2023 and achieve our previously stated goals,” Liam Wilson, COO of the bitcoin mining site, said in a statement.
Like many publicly traded bitcoin mining operations, Mawson’s shares on the Nasdaq have not performed well in recent months. Six months Statistics indicate the stock is down 39.50%, and 30-day metrics show the stock is down 11.55% against the US dollar.
What do you think of Mawson launching a bitcoin mining site in Sharon, Pennsylvania and leaving Australia? Share your thoughts in the comments section below.
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