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Mawson Infrastructure Group departs from Australia and starts a bitcoin mining operation in Pennsylvania

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Mawson Infrastructure Group departs from Australia and starts a bitcoin mining operation in Pennsylvania



Mawson Infrastructure Group, Inc., a bitcoin mining company, declared that construction has begun at a new location near Sharon, Pennsylvania. According to reports, Mawson has supplied six modular production units with a total capacity of 12 megawatts (MW) or 3,528 application-specific integrated circuit (ASIC) bitcoin miners. When finished, the new Mawson site will be capable of 4.2 exahashes per second (EH/s).

Six modular bitcoin mining data centers are installed by Mawson in Sharon, Pennsylvania.

Mawson Infrastructure Group, a crypto mining business and provider of digital infrastructure, now uses a bitcoin mining facility in Sharon, a city in western Mercer County, Pennsylvania. Mawson stated that the company delivered six modular data centers with a capacity of roughly 3,528 ASIC mining rigs to Youngstown Publishing's Business Journal Daily. 

According to Mawson, the location can accommodate up to 35,280 ASIC bitcoin mining rigs, but the miners will use 12 MW of capacity. According to the company, the first 12 MW will go online during the upcoming quarter and the more than 35,000 mining rigs will generate about 4.2 EH/s of SHA256 hashpower.

The decline in the cryptocurrency market has been difficult for bitcoin miners generally, and several mining firms have failed as a result of losses. But, 2023 has been better due to the recent substantial rise in BTC prices. On the same token, the network’s difficulty reached an all-time high this week at 43.05 trillion hashes. 

According to Mawson, the new mining venture in Pennsylvania will be split between self-mining by Mawson and hosting services provided by the business. According to the business, the first six modules should be operational by the second quarter, and the remaining 120 megawatts should follow during the remainder of 2023 and into early 2024.

The two bitcoin mining facilities operated by Mawson will generate an estimated 7.8 exahash per second (EH/s) when combined. Mawson also has a 100 megawatt site near Midland, Pennsylvania. According to Liam Wilson, the chief operational officer of the bitcoin mining site, the inauguration of the Sharon site "is another proof of Mawson's push to deploy infrastructure and energize until 2023 and to reach our previously stated targets." 

Mawson's shares on Nasdaq have underperformed over the past few months, similar to many other publicly traded bitcoin mining companies. The shares have decreased by 39.50% over the past six months, and by 11.55% over the past 30 days, when measured against the US dollar.

Article Credit: Bitcoin.com

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