Mawson to expand bitcoin mining capacity by 300 MW in Georgia state

[RSRS]

Mawson Infrastructure Group, a publicly listed bitcoin mining firm in the U.S., is expanding proprietary mining capacity in the state of Georgia by up to 300 megawatts (MW).

Announcing the expansion on Monday, Mawson said the scale will allow the Georgia site to increase proprietary hash rate to 2,000 PH/s and 5,000 PH/s by the end of 2021 and 2022, respectively.

Mawson's expansion plan is part of the ongoing infrastructure scaling in the U.S. for new bitcoin mining capacity as China's crackdown on crypto mining has resulted in a supply shortage for hosting availability.

In July, Mawson said it was negotiating with the City of Sandersville for increasing the power capacity allocated to its Georgia site from 100 MW to 400 MW, which is said to have an electricity cost of $0.04 per kWh.

Mawson's chief commercial officer Nick Hughes-Jones said in the statement that the Georgia site is operational with ongoing expansion timeline. The second phase is "being built and is due for completion in September" and the third phase is scheduled for Q4 2021, he said.

More information