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.