Bitcoin Miner Mawson Signs Second Hosting Deal in a Week
The new deal will bring the company’s total hosting co-location power capacity to 114MW, up from just 2MW at the end of 2021.Read MoreFeedzy
Australian bitcoin miner Mawson Infrastructure Group (MIGI) has signed a 12 megawatt (MW) hosting co-location deal with Foundry Digital, just days after signing a 100 MW deal with Celsius Mining. (Foundry Digital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)
The deal will bring the miner’s hosting co-location business to a total of 114 MW, rising 5,600% from 2 MW at Dec. 31, 2021, according to a statement released on Friday.
On Tuesday, Mawson signed its largest co-location customer for 100 MW with Celsius Mining.
“Our hosting business is expanding rapidly and total contracts signed to date makes us one of the largest Nasdaq-listed bitcoin mining ASIC hosting companies,” said James Manning, CEO and founder of Mawson, in the statement.
Mawson expects the first mining hardware under the new agreement to be deployed by the end of the first quarter.
Shares of Mawson fell 5.8% on Friday, in line with most of its crypto mining peers, after bitcoin pulled back about 4% to $40,770 over the last 24 hours..
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