BIT Mining to invest $10.84 million in building a mining centre in Ohio

BIT Mining Limited, a mining company listed on the New York Stock Exchange, agreed with Viking Data Centers to jointly invest in the construction of an 85 MW cryptocurrency mining centre in the US state of Ohio.

The rollout is expected to be staged:

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

Construction is expected to be completed in February 2022. Viking Data Centers will allocate $1.3 million for these purposes. Funds may be provided in cash or as Class A ordinary shares with a par value of $0.0005.

BIT Mining Limited will own 51% of the joint venture, 49% — Viking Data Centers.

The press release states that the company has installed 1,016 ASIC devices in the United States.

In addition to Ohio, the 57.2 MW data centre is being built in Texas. Investments totalled $25.74 million. The partner is Dory Creek, a subsidiary of the BitDeer cloud-mining service.

BIT Mining Limited agreed to deploy 2,500 miners in Kazakhstan. It was also reported 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 in Kazakhstan.

In July, the company raised $50 million to expand its business beyond China.

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