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Crypto mining company BIT Mining Limited, announced it will be investing in The Buckeye State and developing a new data center.

Hong Kong-based BIT Mining Limited has made another mining investment outside of China. The mining company announced that it has entered into a membership interest purchase agreement to invest in a data center in Ohio. “The Ohio Mining Site” as it is being called, will be a collaborative effort with Viking Data Centers, LLC with the pair launching the crypto mining data center with a power capacity set at 85 megawatts. The announcement adds that the site is expected to be up and running in Feb. 2022.

According to the terms of the agreement that BIT Mining and Viking Data Centers have, the former will invest more than $12 million to get the operation up and running by Q1, 2022. $10 million of the total investment will be paid in cash, with the remaining balance to be handled by Viking Data Centers in cash or Class A ordinary shares. Once the project is complete, BIT Mining will control 51% equity interest in the Ohio Mining Site while Viking Data Centers will hold the 49% leftover.

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