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.”
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.