BIT Mining’s Ohio site power capacity grows amid US expansion
BIT Mining’s Ohio mining site has achieved about 50 megawatts of power capacity in the midst of its U.S. expansion, the crypto miner announced on Tuesday.
Fast facts
- BIT Mining’s Ohio data center will continue scaling for a planned capacity of up to 150 MW.
- The site currently conducts self-mining operations while hosting third-party miners.
- Hong Kong-headquartered BIT Mining is a New York Stock Exchange-listed crypto miner and was among those that moved operations out of China during a nationwide clampdown.
- Additional mining machine deployments to BIT Mining’s Kazakhstan business are expected, where its Bitcoin computing power topped 146.8 petahashes per second on Tuesday.
- The company booked a net loss of US$29.6 million in the third quarter of 2021, compared to a net loss of US$14.5 million for the second quarter and a net loss of US4.5 million for the third quarter of 2020, its latest quarterly report shows.
