Mawson Secures Pennsylvania Site, Deploys 2,600 Bitcoin Miners for Self-Mining Operations
Bitcoin mining is booming in 2023, and Mawson Infrastructure Group (NASDAQ: MIGI) is at the forefront of this expansion. The company recently acquired a new mining site in Bellefonte, Pennsylvania, adding to its growing operations. Here are the key points you need to know:
- Mawson has initiated mining operations in Pennsylvania, with a new site in Sharon already under construction.
- The Bellefonte facility is currently powered by 8 MW of electricity and has 2,600 operational miners.
- The site has the potential to expand to 24 MW capacity and accommodate up to 7,200 bitcoin mining machines.
- Mawson’s CEO, Rahul Mewawalla, sees this facility as an opportunity to increase bitcoin production and continue the company’s growth.
- The expansion into Pennsylvania follows Mawson’s expansion to Corning, Ohio, earlier this year.
Despite recent declines in MIGI stock, the company is positioning itself for success in the bitcoin mining industry. With the introduction of more efficient mining rigs and the expansion into new territories, Mawson is well-positioned for future growth. The Bellefonte facility is another step in this direction, offering a secure grid, favorable climate, and local talent to support Mawson’s mining operations. As the company continues to ramp up production, expect to see further developments in the exciting world of bitcoin mining.
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