Bitcoin Miner Mawson Inks Hosting Deals With Celsius Mining and Foundry Digital

The bitcoin mining operation Mawson Infrastructure Group (MIGI) has began to make internet hosting offers with key gamers within the mining trade. On March 1, Securities and Exchange Commission (SEC) paperwork present that Mawson signed a 100-megawatt (MW) co-location settlement with Celsius Mining. Three days later, Mawson introduced a 12-megawatt (MW) co-location take care of Foundry Digital.

Mawson Signs Co-Location Deals With Celsius Mining and Foundry Digital

Mawson Infrastructure Group is making strikes throughout the bitcoin mining trade as the corporate has just lately partnered with Celsius Mining and Foundry Digital. Bitcoin.com News has reported on the bitcoin mining operation Mawson prior to now when the agency acquired 11,760 next-generation A1246 ASIC Avalonminers from Canaan.

Just previous to the mining tools acquisition, Mawson rebranded and altered the corporate’s title from Wize Pharma to Mawson Infrastructure Group. The firm rebranded on the finish of March 2021 and on the time, Mawson CEO James Manning mentioned the transfer towards bolstering digital asset infrastructure globally was just like the explorer and geologist Sir Douglas Mawson’s Antarctic exploration.

On March 1, 2022, Mawson inked a take care of Celsius Mining, the crypto lending agency Celsius Network’s mining subsidiary. SEC documents present Celsius Mining will present a mining facility as a way to host the 100-megawatt (MW) co-location.

“The trade is experiencing a scarcity of vitality and vitality infrastructure — having centered as a enterprise on ‘Infrastructure First’ way back, this permits us to tackle strategic clients in our internet hosting co-location enterprise,” Mawson’s CEO Manning mentioned in a press release. “Demand and inbound [inquiry] for internet hosting proceed to rise, and we stay up for updating stockholders on this entrance additional in the end.”

After Mawson inked the take care of Celsius Mining, the corporate announced a partnership with Foundry Digital LLC. Mawson’s announcement mentioned that the “12-megawatt internet hosting buyer [is] to have first mining {hardware} models on-line finish of Q1, 2022.”

The firm plans to deploy the mining rigs inside its “proprietary Modular Data Centre (MDC) expertise at its amenities within the United States.” Foundry operates the mining pool Foundry USA, which has been the top mining pool when it comes to hashrate for many of 2022.

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