New Site is 8 MW expandable by 16 MW to a total of 24 MW, in the competitively priced PJM Market
Bellefonte, PA, site was rapidly deployed and is online with ~2,600 Miners Hashing
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, today announced that it has signed a new long-term lease agreement and operationalized a new facility in Bellefonte, Pennsylvania.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230706214764/en/
The new Bellefonte facility has 8 MW of immediately available power, where Mawson has already deployed approximately 2600 miners that are online and hashing. The Bellefonte site will be a 100% self-mining facility. The site is capable of being expanded by an additional 16 MW, resulting in a total site capacity once fully deployed of 24 MW. Once the expansion is completed, the site will be capable of holding approximately 7,200 miners.
The Bellefonte site is another strategic addition for Mawson in the PJM market, as it continues to look for optimal opportunities to continue to drive growth.
Rahul Mewawalla, CEO and President, commented, “Securing and operationalizing our Bellefonte site further demonstrates Mawson’s capabilities to strategically identify expansion opportunities and our rapid deployment and activation expertise. This facility is an ideal opportunity for Mawson to continue to efficiently ramp our self-mining operations to increase Bitcoin production. This new site furthers Mawson’s focus on growth in markets where the energy mix, secure grid, favorable climate, robust communities, and local talent continue to be key drivers of our continued expansion.”
Craig Hibbard, Chief Development Officer, added, “Our team has worked incredibly hard to activate and rapidly operationalize this new site along with deploying approximately 2,600 of our miners. We also expect to utilize this site as a next-generation testing facility for the latest generation ASIC designs and hardware.”
