Mawson Is Expanding Bitcoin Mining Capacity in Georgia

Jafrin  |  Aug 16, 2021

Mawson Infrastructure Group, a bitcoin mining infrastructure and management provider, has announced expanding its mining capacity in the state of Georgia by up to 300 megawatts (MW).

Mawson Expands Bitcoin Mining Capacity in Georgia

Mawson Infrastructure Group, a publicly listed Bitcoin mining company in the U.S., is expanding its mining capacity to Georgia state to 2,000 PH/s and 5,000 PH/s by the end of 2021 and 2022.

The expansion comes amid the U.S. expanding Bitcoin's mining capacity following China's crackdown on crypto mining resulting in a shortage of hosting availability.

Earlier last month, Mawson revealed on negotiating with the City of Sandersville for increasing the power capacity allocated to its Georgia site from 100 MW to 400 MW, resulting in an electricity cost of $0.04 per kWh.

Mawson Bought Bitcoin Mining Rigs from Canaan

In addition to Georgia's expansion, the Australia-based mining company announced purchasing 17,352 ASIC bitcoin mining rigs from hardware maker Canaan last week, which will increase Mawson's current hashrate capacity by 1,500 petahashes (PH).

Reportedly, Mawson ordered 17,352 units of Canaan's latest generation Avalon A1166 and A1246 machines where the first batch of miners will be received in Q4 2021 in the company's Australian facility and its flagship site in Georgia, U.S. All machines are expected to be up and running from next year.

On collaborating with Canaan, James Manning, CEO and founder of Mawson, said:

"We are very happy to have contracted another large order with Canaan, who have been fantastic partners to date. Canaan have delivered consistently and on time, and in an environment where ASIC bitcoin mining hardware supply is once again becoming harder to secure, we are delighted to further cement our partnership."

Canaan is a Chinese bitcoin mining rig maker that produced the world's first ASIC-powered BTC miner in 2013. The firm has recently been facing turmoil in its home country amid China's nationwide crackdowns on bitcoin mining led to reinventing its business model.

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