Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia

Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia

The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. The new Mawson site is capable of reaching 4.2 exahash per second (EH/s) when fully complete. Mawson Deploys Six Modular Bitcoin Mining Data Centers in Sharon, Pennsylvania

Sharon, a city in western Mercer County, Pennsylvania, now has a bitcoin mining facility used by Mawson Infrastructure Group, a crypto mining operation and digital infrastructure provider. Mawson told the Youngstown Publishing’s Business Journal Daily that the company delivered six modular data centers capable of holding 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 during the next quarter. Mawson’s data center site in Sharon, PA.

Bitcoin miners, in general, have had a hard time dealing with the crypto market’s downturn, and some mining operations went bankrupt due to losses. However, 2023 has been better as BTC prices have increased significantly over the past two months. On the same token, the network’s difficulty reached an all-time high this week at 43.05 trillion hashes.

Mawson stated that the new mining operation in Pennsylvania will be divided 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 come online throughout 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 Sharon site launch “is further proof of Mawson’s push to deploy infrastructure and energize through 2023 and to achieve our previously stated targets,” said Liam Wilson, the chief operating officer of the bitcoin mining site, in a statement.

Like many publicly traded bitcoin mining operations, Mawson’s shares on Nasdaq have not performed well over the last few months. Six-month statistics indicate that the shares are down 39.50%, and 30-day metrics show the stock has dropped 11.55% against the U.S. dollar. Tags in this story ASIC, Bitcoin mining, bitcoin prices, Blockchain, BTC, BTC Mining, crypto industry, Cryptocurrency, cryptocurrency market, data processing, Digital Assets, digital infrastructure, Energy Consumption, Financial Markets, Global Economy, Hashpower, investment, Mawson Infrastructure Group, Mining BTC, Mining Operations, mining rigs, modular data centers, nasdaq, network difficulty, Pennsylvania, Power Consumption, Renewable Energy, SHA256, technology, technology sector

What do you think about Mawson launching a bitcoin mining site in Sharon, Pennsylvania and exiting Australia? Share your thoughts in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners MINING | 2 days ago Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year MINING | 2 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin, Ethereum Technical Analysis: BTC Consolidates Ahead of Big Week of Economic Data Next articleBiggest Movers: SHIB, LTC Marginally Higher During Volatile Start to the Week Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Tony Hawk"s Latest NFTs to Come With Signed Physical Skateboards Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin