Mawson to increase bitcoin mining capacity by 300 MW in state of Georgia

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Mawson Infrastructure Group, a publicly traded bitcoin mining company in the United States, is expanding its exclusive mining capacity in the state of Georgia up to 300 megawatts (MW).

Announcing the expansion on Monday, Mawson said the scale will allow the Georgia site to increase the proprietary hash rate to 2,000 PH / s and 5,000 PH / s by the end of 2021 and 2022, respectively.

Mawson’s expansion plan is part of the ongoing infrastructure scale-up in the United States for new bitcoin mining capacity, as China’s crackdown on crypto mining has resulted in a shortage of supply for the availability of accommodation.

In July, Mawson said he was negotiating with the city of Sandersville to increase the electrical capacity allocated to its Georgia site from 100 MW to 400 MW, which would have an electricity cost of $ 0.04 per kWh.

Mawson’s chief commercial officer Nick Hughes-Jones said in the statement that the Georgia site is operational with an ongoing expansion schedule. The second phase is “under construction and is expected to be completed in September” and the third phase is scheduled for the fourth quarter of 2021, he said.

In addition to the Georgia site, the Australia-based company also has facilities in its home country. Last week, he announced the purchase agreement for 17,352 units of Canaan’s latest generation of equipment. This was in addition to the 11,760 miners he had pre-ordered from Canaan in April. These pre-orders are expected to ship throughout 2021 and 2022 to Mawson’s facilities in the United States and Australia.

At the current price and difficulty of Bitcoin, the latest generation of equipment from Canaan would bring a gross profit of around 90% at an energy cost of $ 0.04 per kWh.

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