Mawson Infrastructure Increases Ownership of Luna Squares to 90%

Luna Squares’ site will be used for third-party hosting and Mawson’s proprietary bitcoin mining operations.

By Tanzeel Akhtar

Jul 12, 2021 at 2:02 p.m. UTC

Updated Sep 14, 2021 at 1:24 p.m. UTC

Tanzeel Akhtar

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.”

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