Mawson Infrastructure Group, Inc., a Bitcoin mining business, recently declared that the firm had broken ground on a new website. Sharon, Pennsylvania. Records Show that Mawson has delivered six modular assembly units that can hold around 12 megawatts (MW), or 3,528 ASIC (application-specific integrated circuit) bitcoin miners. When totally completed, the new web site can generate 4.2 exhash per seconds (EH/s).
Mawson Deploys Six Modular Bitcoin Mining Facilities In Sharon, Pennsylvania
The city of Sharon, located in western Mercer County, Pennsylvania, is now the home of a Mawson Infrastructure Group Bitcoin mining facility, a provider of digital infrastructure and crypto mining operations. Mawson was informed by Youngstown Publishing’s Business Journal Every Day that the firm had brought six modular information centers, which could accommodate approximately 3,528 ASIC mining machines.
The miners consume 12 MW of capacity, although the website can hold up to 35,280 ASIC bitcoin mining machines, according to Mawson. The company said that the 35,000+ miners will generate approximately 4.2 EH/s SHA256 hash power, with the initial 12MW coming online in the upcoming quarter.
The crypto market slump has been hard on miners. Numerous mining operations have gone bankrupt because of losses. Nevertheless, 2023 is looking up since BTC costs have risen significantly within the past two weeks. Also, the network difficulty reached an all-time high of 43.05 trillion hashes this week.
As per Mawson, the fresh mining operation is situated in Pennsylvania, and it is shared between Mawson’s personal mining and corporate web hosting. The first six units must be up-and-running by the second quarter. The remaining 120 megawatts must then be accessible for the rest of 2023/early 2024, according to the company.
Mawson also owns a 100-megawatt web server in Midland, Pennsylvania. The total output of the 2 bitcoin mining sites will be 7.8 exhash per seconds (EH/s). The launch of Sharon’s website “is further evidence of Mawson’s commitment to deploy infrastructure and energy through 2023 and meet our previously stated targets,” Liam Wilson, COO at the bitcoin mining site, said in a press release.
There are numerous publicly traded Bitcoin mining operations. Mawson’s shares on Nasdaq have not been able to do so in recent months. The six-month stats for Mawson’s shares are down 39.50%, while those for 30-day metrics are down 11.55% against the US dollar.
