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

·1-min read

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 to Exit Mainland China

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