The ASIC miners will be deployed across Mawson’s flagship facility in Georgia, US and its Australian site from Q4 2021 through 2022.
Powerbridge stock surged in premarket trading in the wake of today's announcement.
Riot acquired the 190,000 square-foot site in April.
The 87,000-square-foot facility cost $6.6 million.
The increase also came at a time when bipartisan support emerged for excluding miners from being considered “brokers” in the U.S. infrastructure bill.
The company also canceled an $8 million order for mining machines from ePIC Blockchain Technologies.
Bitfarms mined 391 bitcoin in July, its best monthly output on record.
The investment reflects growing institutional and individual interest in investing in crypto-related companies.
While small in dollar terms, the grant represents an investment in the further decentralization of the Bitcoin ecosystem.
The mining company now has 6,226 bitcoins with a market value of $260.7 million.
The order will be completed in two tranches by the end of September.
The mining firm has acquired a second power plant in northeastern Pennsylvania just a week after filing for a $100 million IPO.
Compass Mining is enabling clients to mine bitcoin without triggering a taxable event.
Mining bitcoin can guide the network to sustainability, protect it from being commandeered and maintain decentralization.
The crypto mining and data firm’s new index product seeks to capture public-market sentiment on the firms pumping out new coins.