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BIT Mining Invests Another $11M in Ohio Crypto Mining Data Center

The funding will be used to add an extra 65 megawatts of power capacity.

Оновлено 11 трав. 2023 р., 4:00 пп Опубліковано 18 жовт. 2021 р., 12:26 пп Перекладено AI

Ohio Congressman: Bitcoin Poses No Threat to US Dollar

Cryptocurrency mining company BIT Mining (NYSE: BTCM) is investing another $11 million in the Ohio site it is developing with Viking Data Centers.

BIT Mining said $9.8 million will be paid in cash and the rest in cash or shares.
That’s on top of the $12.4 million it agreed to invest in September.
The investment will take BIT Mining’s interest in the site to 55%, with Viking at 45%.
As a result of the investment, the site’s power to capacity will climb to 150 megawatts (MW), up from the 85 MW originally planned.
The companies expect to complete the process by March 31, 2022.

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BIT Mining Funding Mining Ohio

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.