Mawson Infrastructure Group Inc. announced that it has entered into agreements for a new site in Corning, Ohio, with initial capacity for 24MW. Mawson expects that the site has an additional 26MW of potential capacity up, taking the total site to 50MW, subject to further infrastructure investment. The site has been signed on a long term lease.

The site will be a welcome addition to the existing 240MW of capacity that Mawson has online and under development in the surrounding area. It is intended that the site will be online to the full initial 24MW capacity in third quarter, providing a possible increase in deployable hashrate of up to 1.0EH. Mawson expects the site to initially host 12 MDCs and 7,056 miners.

Mawson expects to have a mixture of self-mining and hosting on site but will make a further decision on the breakdown closer to energization.