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Mawson Infrastructure Increases Ownership of Luna Squares to 90%
Luna Squares’ site will be used for third-party hosting and Mawson’s proprietary bitcoin mining operations.
Australian bitcoin mining firm Mawson Infrastructure increased its ownership of Luna Squares from 50% to 90%.
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- Mawson Infrastructure said the acquisition of the additional 40% of Luna Squares cements its ownership of a bitcoin mining facility in the U.S. state of Georgia.
- Luna Squares operates from a site where it has 100 megawatts of “future power capacity” that will be used for third-party hosting and Mawson’s proprietary bitcoin mining operations, the firm said.
- Luna Squares “is a high-quality and rapidly expanding facility and is the cornerstone of our business today,” Mawson CEO James Manning said. ”We are working closely with our local partners to expand the site.”
Read more: Bitcoin Miner Profitability Could Double After Record Drop in Network Difficulty
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.
