BitMining invests an additional $11 million in a mine being developed in Ohio
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On October 18, BIT Mining (formerly 500 Lottery Network) announced an additional investment of US$11 million in the mine it jointly developed with Viking Data Centers in Ohio. US$9.8 million of the investment will be paid in cash and the rest in cash or stock. The investment will increase BIT Mining's stake in the mine to 55%. The new investment will increase the mine’s capacity from the originally planned 85MW to 150MW. The two companies are expected to complete the process by March 31, 2022. |
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