The bitcoin mining operation Mawson Infrastructure Group (MIGI) has started to make hosting deals with key players in the mining industry. On March 1, Securities and Exchange Commission (SEC) documents show that Mawson signed a 100-megawatt (MW) co-location agreement with Celsius Mining. Three days later, Mawson announced a 12-megawatt (MW) co-location deal with Foundry Digital.
Mawson Signs Co-Location Deals With Celsius Mining and Foundry Digital
Mawson Infrastructure Group is making moves within the bitcoin mining industry as the company has recently partnered with Celsius Mining and Foundry Digital. Bitcoin.com News has reported on the bitcoin mining operation Mawson in the past when the firm acquired 11,760 next-generation A1246 ASIC Avalonminers from Canaan.
Just prior to the mining equipment acquisition, Mawson rebranded and changed the company’s name from Wize Pharma to Mawson Infrastructure Group. The company rebranded at the end of March 2021 and at the time, Mawson CEO James Manning said the move toward bolstering digital asset infrastructure globally was similar to the explorer and geologist Sir Douglas Mawson’s Antarctic exploration.
On March 1, 2022, Mawson inked a deal with Celsius Mining, the crypto lending firm Celsius Network’s mining subsidiary. SEC documents show Celsius Mining will provide a mining facility in order to host the 100-megawatt (MW) co-location.
“The industry is experiencing a shortage of energy and energy infrastructure — having focused as a business on ‘Infrastructure First’ long ago, this enables us to take on strategic customers in our hosting co-location business,” Mawson’s CEO Manning said in a statement. “Demand and inbound [inquiry] for hosting continue to rise, and we look forward to updating stockholders on this front further in due course.”
After Mawson inked the deal with Celsius Mining, the company announced a partnership with Foundry Digital LLC. Mawson’s announcement said that the “12-megawatt hosting customer [is] to have first mining hardware units online end of Q1, 2022.”
The company plans to deploy the mining rigs inside its “proprietary Modular Data Centre (MDC) technology at its facilities in the United States.” Foundry operates the mining pool Foundry USA, which has been the top mining pool in terms of hashrate for most of 2022.
What do you think about Mawson’s co-location mining deals with Foundry and Celsius? Let us know what you think about this subject in the comments section below.