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Cryptocurrencies: 28005
Markets: 116055
Market Cap: $3,052,473,135,211     
24h Vol: $86,926,750,486
Seeking Alpha 2023-03-02 14:35:39

Mawson boosts power capacity at Midland facility to 120MW

Mawson boosts power capacity at Midland facility to 120MW
Mawson Infrastructure ( NASDAQ: MIGI ) on Thursday said it signed a lease amendment for its Midland facility in Pennsylvania, which will allow for an additional 20 MW of power, bringing the total site capacity to 120 MW. The site is expected to be 100% online in early Q2 2023. Mawson is deploying 10 additional modular data centers and 5,880 ASIC miners needed to fill the capacity, and said all of its mining units are fully funded and currently being installed at the Midland facility. Additionally, Mawson is developing another 120 MW facility in Sharon, PA, which is expected to come online through 2023 and 2024. By early Q2 2023, the company expects to have 132 MW online representing enough power for up to 38,808 ASIC miners. Press Release .
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