Mawson Infrastructure Increases Ownership of Luna Squares to 90%
Luna Squares’ site will be used for third-party hosting and Mawson’s proprietary bitcoin mining operations.
Jul 12, 2021 at 2:02 p.m. UTCUpdated Aug 21, 2021 at 12:28 p.m. UTC
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Australian bitcoin mining firm Mawson Infrastructure increased its ownership of Luna Squares from 50% to 90%.
- Mawson Infrastructure said the acquisition of the additional 40% of Luna Squares cements its ownership of a bitcoin mining facility in the U.S. state of Georgia.
- Luna Squares operates from a site where it has 100 megawatts of “future power capacity” that will be used for third-party hosting and Mawson’s proprietary bitcoin mining operations, the firm said.
- Luna Squares “is a high-quality and rapidly expanding facility and is the cornerstone of our business today,” Mawson CEO James Manning said. ”We are working closely with our local partners to expand the site.”
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