Australian bitcoin mining business Mawson Infrastructure has raised $US37 million ($50.4 million) and is set to go public on the Nasdaq with a $1 billion valuation, after it had to give up on a local listing following a 12-month battle to list on the Australian Securities Exchange.
Mawson Infrastructure, formerly called Cosmos Capital, has taken advantage of cheap mining equipment sales and a fluctuating bitcoin price to firm up its expansion plans for mines in Georgia and Nebraska, and is looking for sites in New South Wales.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
