BIT Mining (NYSE:BTCM) boosts its investment in the Ohio cryptocurrency mining data center, which is being jointly developed with Viking Data Centers, to add more power capacity. Shares of (BTCM +1.2%) initially edged lower out of the gates, but is now up on the day as bitcoin (BTC-USD +1.6%) rises towards $62K. BIT Mining (BTCM) increases its investment by $11M, $9.8M of which will be paid in cash and the remaining $1.2M is payable to Viking Data Centers in either cash or in the form of Class A ordinary shares. The Ohio mining site, which is planned to be completed by March 2022, is expected to see total power capacity of up to 150 megawatts, adding up to 65MW in addition to the 85MW per the original design, the company says. The 65MW of additional power capacity will be developed in two phases, with 25MW in the first phase and
