Mawson Infrastructure Group Inc. Executes New Customer Agreement Growing and Expanding Digital Colocation Business
Mawson Infrastructure Group (NASDAQ: MIGI) has signed a new 12-month digital colocation agreement with an unnamed NASDAQ-listed company on January 3, 2025. The agreement covers services for 5,880 miners, utilizing approximately 20 MW of capacity at Mawson's facilities, with potential for future expansion.
Upon deployment completion, Mawson expects to manage approximately 41,508 miners with a combined operating hashrate of 5.10 EH/s across its facilities. The company currently operates at 129 MW capacity and is developing an additional site in Ohio that will add 24 MW, bringing total operating capacity to 153 MW.
The agreement strengthens Mawson's position in the PJM market, North America's largest competitive wholesale power market, and aligns with their strategy of optimizing digital infrastructure assets while providing enterprise-class compute solutions.
Mawson Infrastructure Group (NASDAQ: MIGI) ha firmato un nuovo contratto di colocation digitale della durata di 12 mesi con un'azienda quotata al NASDAQ, risalente al 3 gennaio 2025. L'accordo prevede servizi per 5.880 miner, utilizzando circa 20 MW di capacità presso le strutture di Mawson, con possibilità di espansione futura.
Al termine del deployment, Mawson prevede di gestire circa 41.508 miner con un hashrate operativo combinato di 5.10 EH/s presso le sue strutture. Attualmente, l'azienda opera con una capacità di 129 MW ed è in fase di sviluppo di un ulteriore sito in Ohio che aggiungerà 24 MW, portando la capacità operativa totale a 153 MW.
L'accordo rafforza la posizione di Mawson nel mercato PJM, il più grande mercato all'ingrosso di energia competitiva del Nord America, e si allinea con la loro strategia di ottimizzazione degli asset di infrastruttura digitale mentre forniscono soluzioni di calcolo di classe enterprise.
Mawson Infrastructure Group (NASDAQ: MIGI) ha firmado un nuevo acuerdo de colocación digital de 12 meses con una empresa no mencionada cotizada en NASDAQ el 3 de enero de 2025. El acuerdo cubre servicios para 5,880 mineros, utilizando aproximadamente 20 MW de capacidad en las instalaciones de Mawson, con potencial para una expansión futura.
Una vez finalizado el despliegue, Mawson espera gestionar aproximadamente 41,508 mineros con una tasa de hash operativa combinada de 5.10 EH/s en sus instalaciones. La empresa opera actualmente con una capacidad de 129 MW y está desarrollando un sitio adicional en Ohio que añadirá 24 MW, llevando la capacidad operativa total a 153 MW.
El acuerdo refuerza la posición de Mawson en el mercado PJM, el mayor mercado mayorista competitivo de energía de América del Norte, y se alinea con su estrategia de optimización de activos de infraestructura digital mientras proporciona soluciones de computación de clase empresarial.
마우슨 인프라 그룹 (NASDAQ: MIGI)는 2025년 1월 3일 이름이 공개되지 않은 NASDAQ 상장 기업과 12개월 디지털 콜로케이션 계약을 체결했습니다. 이 계약은 마우슨의 시설에서 약 20 MW의 용량을 사용하는 5,880명의 채굴자를 위한 서비스를 포함합니다. 향후 확장 가능성도 있습니다.
배포 완료 후, 마우슨은 자신의 시설에서 결합된 운영 해시레이트 5.10 EH/s를 가진 약 41,508명의 채굴자를 관리할 것으로 예상하고 있습니다. 현재 이 회사는 129 MW의 용량으로 운영 중이며, 오하이오에 추가 사이트를 개발 중으로 24 MW를 추가하여 총 운영 용량이 153 MW에 이를 것입니다.
이 계약은 북미 최대 경쟁 도매 전력 시장인 PJM 시장에서 마우슨의 입지를 강화하며, 엔터프라이즈 클래스 컴퓨팅 솔루션을 제공하면서 디지털 인프라 자산을 최적화하는 전략과 일치합니다.
Mawson Infrastructure Group (NASDAQ: MIGI) a signé un nouvel accord de colocation numérique de 12 mois avec une entreprise non nommée cotée au NASDAQ le 3 janvier 2025. L'accord couvre des services pour 5 880 mineurs, utilisant environ 20 MW de capacité dans les installations de Mawson, avec un potentiel pour une extension future.
Une fois le déploiement terminé, Mawson s'attend à gérer environ 41 508 mineurs avec un hashrate opérationnel combiné de 5,10 EH/s à travers ses installations. L'entreprise fonctionne actuellement avec une capacité de 129 MW et développe un site supplémentaire dans l'Ohio qui ajoutera 24 MW, portant la capacité opérationnelle totale à 153 MW.
L'accord renforce la position de Mawson sur le marché PJM, le plus grand marché de l'électricité de gros concurrentiel en Amérique du Nord, et s'aligne avec leur stratégie d'optimisation des actifs d'infrastructure numérique tout en fournissant des solutions de calcul de classe entreprise.
Mawson Infrastructure Group (NASDAQ: MIGI) hat am 3. Januar 2025 einen neuen 12-monatigen digitalen Colocation-Vertrag mit einem nicht benannten, an der NASDAQ notierten Unternehmen unterzeichnet. Der Vertrag umfasst Dienstleistungen für 5.880 Miner, die etwa 20 MW Kapazität in den Einrichtungen von Mawson nutzen, mit Möglichkeiten zur zukünftigen Expansion.
Nach Abschluss des Deployments erwartet Mawson, etwa 41.508 Miner mit einer kombinierten operativen Hashrate von 5.10 EH/s in seinen Einrichtungen zu verwalten. Das Unternehmen operiert derzeit mit einer Kapazität von 129 MW und entwickelt einen weiteren Standort in Ohio, der 24 MW hinzufügen wird, wodurch die Gesamtkapazität auf 153 MW steigen wird.
Der Vertrag stärkt die Position von Mawson im PJM-Markt, dem größten wettbewerbsorientierten Großhandelsstrommarkt Nordamerikas, und stimmt mit ihrer Strategie überein, digitale Infrastrukturressourcen zu optimieren, während sie Unternehmenslösungen für das Rechnen bieten.
- Secured new 12-month colocation agreement for 20 MW capacity with NASDAQ-listed company
- Expected to reach 5.10 EH/s combined operating hashrate after deployment
- Expanding total operating capacity from 129 MW to 153 MW with new Ohio facility
- Growing presence in North America's largest wholesale power market (PJM)
- None.
Insights
This colocation agreement marks a significant expansion for Mawson, adding
The strategic positioning in the PJM market, North America's largest deregulated power market, provides Mawson with competitive advantages in power costs and reliability. With the Ohio facility development adding
For context: This expansion represents approximately
The strategic significance of this deal extends beyond mere capacity expansion. By securing a NASDAQ-listed company as a customer, Mawson is diversifying its revenue streams and reducing operational risk. The flexible terms for future expansion indicate potential for deeper business relationships and organic growth.
The timing is particularly strategic as it:
- Validates Mawson's infrastructure quality and market position
- Creates predictable revenue streams through enterprise customers
- Positions the company for growth in AI and HPC markets beyond crypto mining
Think of this as Mawson transitioning from a pure crypto mining play to a broader digital infrastructure provider - similar to how AWS evolved from Amazon's internal computing needs to a dominant cloud provider. This pivot could significantly impact valuation multiples as the market recognizes this business model evolution.
MIDLAND, Pa., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a publicly-traded technology company focused on digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets markets, today announced that it has signed a new digital colocation customer agreement with a NASDAQ-listed publicly traded company as a customer (“PublicCo”).
The new customer colocation agreement executed between Mawson’s CEO and PublicCo’s CEO on January 3, 2025, is for Mawson to provide PublicCo with digital colocation services for 5,880 miners or approximately 20 MW at Mawson’s facilities. The initial digital colocation customer agreement term is for 12 months, and the parties can extend upon mutual agreement. The digital colocation customer agreement also provides flexibility for future potential capacity expansion.
Rahul Mewawalla, CEO and President, stated, "We are extremely delighted to sign and welcome another enterprise-grade colocation customer and are pleased to announce this new colocation customer agreement, further demonstrating robust growth and expansion of our digital colocation services business. This agreement aligns with our strategy of optimizing our digital infrastructure assets while providing enterprise-class innovative platforms and compute solutions. This is a great way to start off the new year and we are excited about the opportunities ahead of us in 2025."
The customer agreement is for approximately 20 MW of compute capacity at Mawson's facilities and the agreement further strengthens Mawson's position as a leading industry provider of digital infrastructure and colocation services in the attractive PJM market, which is North America’s largest competitive and deregulated wholesale power market.
The PublicCo customer agreement executed in January 2025 further expands Mawson’s digital colocation business and furthers the business’s growth.
Upon completion of this deployment, Mawson expects to operate and manage approximately 41,508 miners and about 5.10 exahashes per second (EH/s) in combined total current operating hashrate (EH) across its facilities.
The Company also has an additional site in Ohio under development which is expected to add an initial 24 MW to the Company’s currently operating 129 MW across its sites, growing the Company’s total operating capacity to 153 MW, upon completion with further potential expansion of its hashrate.
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company that offers digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC) and digital assets. The Company’s digital infrastructure platforms can be used to operate computing resources for a number of applications, and are offered across artificial intelligence (AI), high-performance computing (HPC), digital assets, and other computing applications. Our innovation, technology, and operational expertise enables us to operate and optimize digital infrastructure to accelerate the digital economy. The Company has a strategy to prioritize the usage of carbon-free energy sources, including nuclear energy, to power its digital infrastructure platforms and computational machines.
For more information, visit: https://www.mawsoninc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility of Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of digital assets and cryptocurrencies, further or new regulation of digital assets, cryptocurrencies and AI, the evolution of AI and HPC market and changing technologies, the slower than expected growth in demand for AI, HPC and other accelerated computing technologies than expected, the ability to timely implement and execute on AI and HPC digital infrastructure, and the ability to timely complete the digital infrastructure build-out in order to achieve its revenue expectations for the periods mentioned. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on April 1, 2024, and Mawson’s Quarterly Reports on Form 10-Q filed with the SEC on May 15, 2024, August 19, 2024, November 14, 2024, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
For more information, visit us at https://www.mawsoninc.com
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FAQ
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