BIT Mining Invests Another $11M in Ohio Crypto Mining Data Center
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.
Read more: BIT Mining’s Subsidiary BTC.com to Exit Mainland China
