BIT Mining to spend $10.84m to build mining centre in Ohio

BIT Mining to spend $10.84m to build mining centre in Ohio

NYSE-listed mining company BIT Mining Limited has agreed a joint investment with Viking Data Centers to build an 85MW cryptocurrency mining centre in the US state of Ohio.

The deployment is expected to be staggered:

  • 11 MW in the first phase by 15 October 2021;
  •  39 MW in the second - by 15 November 2021;
  • 35 MW in the third by 15 February 2022.

Completion is expected in February 2022. Viking Data Centers will provide $1.3m for this purpose. The funds can take the form of both cash and Class A ordinary shares with a nominal value of $0.0005.

BIT Mining Limited will hold 51% in the joint venture and Viking Data Centers will hold 49%.

The press release states that the company has delivered 1,016 ASIC units in the US.

In addition to Ohio, the 57.2MW data centre the firm is building in Texas. The investment amounted to $25.74m and the partner is Dory Creek, a subsidiary of cloud mining service BitDeer.

Recall that in July BIT Mining Limited agreed to host 2,500 miners in Kazakhstan. Earlier it became known that the company is investing in a data centre for cryptocurrency mining in that country.

In June, BIT Mining Limited reported the successful delivery of the first batch of mining equipment to Kazakhstan.

In July, the company attracted $50 million to expand its business outside China.

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