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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.
By Aoyon Ashraf
Updated May 11, 2023, 5:57 p.m. Published Mar 4, 2022, 4:54 p.m.
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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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The company claimed the bragging right of being the first to let investors opt for dividend payments in a cryptocurrency, backed by gold.
What to know:
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- Shareholders can now elect to receive returns in Tether Gold (XAUT), a blockchain-based token backed by physical gold.
- Tokenized gold saw rapid growth over the past year amid rising retail demand for the yellow metal.
