The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

With China’s recent crackdown on Bitcoin mining, a gold rush is currently underway in North America. Bitcoin mining is big business, and success in the arena relies on a company’s ability to secure power infrastructure.

Amid this scramble for land, Mawson Infrastructure Group (NASDAQ:MIGI) has made a key play. The company secured a new, 6-acre facility with an immediately available 50 megawatt (MW) capacity. And the site already has the power infrastructure built to accommodate an additional 50 MW in early 2022, with the capacity to expand the site further over time.

A key aspect of the site is its proximity to extremely cheap and abundant electricity, keeping Mawsons electricity mix mostly renewable/non-carbon emitting. This is in keeping with Mawson’s commitment to sustainability and sets it apart from many of its competitors, who source power indiscriminately in respect to sustainability.

This additional 100 MWs will allow Mawson to accelerate its plans toward a 5,000 peta hash (PH) mining capacity in early 2023, putting it in a league with the likes of Marathon and Riot in raw computing power. Once this target is reached, the company will mine 31 Bitcoins per day based on the current market and network conditions.

"We are very happy to have secured another large site in a market environment where large-scale power infrastructure is becoming scarce,” Mawson CEO James Manning said of the acquisition. “This opportunity brings a substantial, already-installed power infrastructure, reducing our cost per megawatt and maximizing our speed to deploy. This site, combined with our flagship Georgia site, underpins our target of securing 5,000 PH by early 2023."

With the addition of the new facility, Mawson has its sights set on becoming a global leader in Bitcoin mining. Its focus on securing access to cheap, reliable energy means the company is poised to do just that. And with its commitment to sustainability and good corporate citizenship, Mawson will help set the tone for the rest of the industry.