Mawson Infrastructure Group Deploys 2,600 Bitcoin Miners at Newly Secured Pennsylvania Site
Mawson Infrastructure Group, a
publicly-listed bitcoin mining operation, announced on Thursday that it has acquired a new mining site in Bellefonte, Pennsylvania. The company detailed that it has swiftly deployed
2,600 bitcoin miners at the location.
Bitcoin mining companies are
experiencing ongoing expansion in
2023. This week, Mawson Infrastructure Group (NASDAQ: MIGI) disclosed the acquisition of a new mining site in Bellefonte, Pennsylvania.
At present, the Bellefonte facility is powered by
8 megawatts (MW) of electricity, with 2,600 miners already operational. The newly launched location will function as a fully self-mining facility, with a potential capacity of up to
24 MW.
Shares of MIGI rose
1.96% on Thursday; however, they have declined by
20% over the past month. The six-month price statistics indicate a decrease of more than
7%, while the stock has experienced a significant decline of
69% over the past 12 months.
