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Bitcoin mining company Mawson Infrastructure Group, Inc. announced that the firm has broken ground on a new location in Sharon, Pennsylvania. Reports describe that Mawson has delivered six modular manufacturing units that can house 3,528 application-specific integrated circuits (ASIC) bitcoin miners, or about 12 megawatts (MW) of capacity. The new Mawson site is capable of reaching 4.2 exahashes per second (EH/s) when completed.
Sharon, a city in western Mercer County, Pennsylvania, now has a bitcoin mining facility operated by Mawson Infrastructure Group, a cryptominer and digital infrastructure provider. Mawson told Youngstown Publishing’s Business Journal Daily that the company delivered six modular data centers capable of containing approximately 3,528 ASIC mining rigs.
The miners will consume 12 MW of capacity, but the site can hold up to 35,280 ASIC bitcoin mining rigs, according to Mawson. The firm said the more than 35,000 mining rigs will produce around 4.2 EH/s of SHA256 hashpower, and the first 12 MW will be online within the next quarter.
Bitcoin miners have generally had difficulty coping with the downturn in the crypto market, with some mining operations going bankrupt due to losses. However, 2023 has been better as BTC prices have increased significantly in the last two months. Likewise, the network’s difficulty reached an all-time high this week with 43.05 trillion hashes.
Mawson stated that the new mining operations in Pennsylvania will be split between Mawson’s self-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 through the rest of 2023 and into 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 exahash per second (EH/s). The launch of the Sharon site “is further evidence of Mawson’s push to deploy infrastructure and energy through 2023 and to meet our previously stated goals,” Liam Wilson, CEO 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. The six month statistics indicates that the stock is down 39.50%, and the 30-day reading shows the stock is down 11.55% against the US dollar.
What do you think about Mawson launching a bitcoin mining site in Sharon, Pennsylvania and leaving Australia? Share your thoughts in the comments section below.
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