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Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to raise the operation’s
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Crypto mining firm Mawson Infrastructure Group will be exiting Texas following an $8.5-million sale of its local subsidiary as well as lease agreements and contracts related to operating in the state.In an April 19 announcement, Mawson said it had arranged the sale of its subsidiary Luna Squares Texas to Singapore-based
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Luna Squares LLC, a separate subsidiary, hosted about 10,000 machines for bankrupt crypto lender Celsius Network as of the end of December, according to court filings. Celsius loaned $20 million to Mawson in February 2022, and the two firms discussed another $20 million loan last June. Source
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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
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The company appointed Ariel Sivikofsy as a consultant CFO until a replacement is selected. Original Source
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The move comes as more miners have begun using alternative sources of funds to support their expansion. Source
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The facility could accommodate up to 4 EH/s of mining power. Site development is expected to start this quarter. Source
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The bitcoin mining operation Mawson Infrastructure Group (MIGI) has started to make hosting deals with key players in the mining industry. On March 1, Securities and Exchange Commission (SEC) documents show that Mawson signed a 100-megawatt (MW) co-location agreement with Celsius Mining. Three days later, Mawson announced a 12-megawatt (MW)
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Australian bitcoin miner Mawson Infrastructure Group has signed a 12 megawatt (MW) hosting co-location deal with Foundry Digital, just days after signing a 100MW deal with Celsius (Foundry Digital is a subsidiary of Digital Currency Group, the parent company of CryptoX). Source
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The facility in Sandersville, Georgia, will mainly use nuclear and hydro energy sources. Original Source
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