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

Cryptocurrency mining company BIT Mining (NYSE: BTCM) is investing a further $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 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 150MW, up from the 85MW originally planned.The firms expect to complete the process by March 31, 2022.

Read more: BIT Mining’s Subsidiary to Exit Mainland China

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