One of the leading publicly traded bitcoin mining companies, BIT Mining, plans to invest $ 12.14 million in an 85 megawatt mining data center in Ohio.
BIT Mining, which owns the BTC.com mining pool, has entered into an agreement with Viking Data Centers. As part of the agreement on the creation of a joint mining center, BIT Mining is investing $ 10.84 million in Viking Data Centers, and the remaining $ 1.3 million will be transferred in cash or in company shares. Following the investment, BIT Mining will own 51% of the Ohio joint venture.
The construction of the “Ohio Mining Site”, as the new data center was named, will take place in three stages. By October 15, 2021, the capacity of the data center will grow to 11 MW, at the second and third stages to 39 MW and 85 MW, respectively.
The dates of the second and third stages were announced on November 15, 2021 and February 15, 2022. BIT Mining has already received 1,016 ASIC miners for bitcoin mining and plans to further expand its equipment fleet.
Ohio Mining Site is one of the bitcoin mining ventures that will be launched amid the migration of data centers from China to the United States. The BIT Mining company locates equipment exported from China, as well as purchases new for mining centers in Kazakhstan.
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.