Bitcoin mining operator Mawson Infrastructure Group, Inc. announced that construction has begun on a new site in Sharon, PA. According to reports, Mawson has provided six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. Mawson’s new site has the capacity to reach 4.2 exahashes per second (EH/s) when fully completed.
Mawson deploys six modular bitcoin mining data centers in Sharon, PA
Sharon, a city in western Mercer County, Pennsylvania, currently houses a bitcoin mining facility used by Mawson Infrastructure Group, a crypto mining business and digital infrastructure provider Mawson istold Youngstown Publishing’s Business Journal Dailythat it has delivered six modular data centers that can hold about 3,528 ASIC mining rigs.
The miners consume 12 MW of capacity, and Mawson said the site can hold up to 35,280 ASIC bitcoin mining rigs. The company said more than 35,000 mining rigs generate about 4.2 EH/s of SHA256 hash power, and the first 12 MW are expected to come online during the next quarter.
Bitcoin miners, in general, have struggled to cope with the downturn in the crypto market, with some mining operations going bankrupt due to losses. However, 2023 is lookingbetter; the price of BTChas risen significantly over the past two months. By the same token, network difficulty hit an all-time high this week at 43.5 trillion hashes.
Mawson said the new mining operation in Pennsylvania will be divided into Mawson’s self-mining and its hosting services. The first six modules should be online by the second quarter, and the remaining 120 megawatts should be online through 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 generate an estimated 7.8 exahashes per second (EH/s). The launch of the Sharon site “is further impetus for Mawson to deploy and energize its infrastructure through 2023 and achieve its previously stated goals,” said Liam Wilson, chief operating officer of the bitcoin mining site, in a statement.
Like many publicly traded bitcoin mining businesses, Mawson’s shares on the NASDAQ have not performed well over the past few months; according to six-monthstatistics, the stock is down 39.50%, and on a 30-day index, the stock is down US$ is down 11.55% against the U.S. dollar.
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