Share this article
Bitcoin Miner Mawson Signs 100MW Hosting and Debt Deal With Celsius Mining
Mawson will also receive a $20 million loan from Celsius in exchange for 3.85 million warrants in Mawson.
By Aoyon Ashraf
Updated May 11, 2023, 4:07 p.m. Published Mar 1, 2022, 4:37 p.m.
Bitcoin miner Mawson Infrastructure (MIGI) has signed a new 100 megawatt (MW) co-location deal with Celsius Mining, a subsidiary of crypto lending firm Celsius Networks, that entails Celsius providing a data center to host mining equipment.
- The first mining hardware under the new deal will be deployed at the end of the first quarter and will bring the hosting co-location agreements with Mawson’s subsidiary, Luna Squares, to about 102MW, according to a statement.
- The deal will make Celsius the “largest co-location customer” for Mawson, said CEO and founder James Manning, adding that the industry is experiencing a shortage of energy and energy infrastructure while demand and inbound inquiry for hosting continues to rise.
- Celsius also loaned $20 million to Luna Squares for the purpose of funding the infrastructure required to meet the obligations of the co-location deal, according to a Securities and Exchange Commission filing.
- Additionally, Mawson issued Celsius 3.85 million warrants, each of which is exercisable for one share of common stock at $6.50.
- Mawson reiterated its guidance for reaching self-mining power of of 3.35 exahash per second (EH/s) by the second quarter of this year, and a target of 5 EH/s online by early Q1 2023
- On Feb. 15, Mawson said it produced 140 bitcoins in January and expects its monthly hashrate to rise 23% to 1.35 EH/s by the end of February.
- Mawson’s shares are down more than 7% while bitcoin neared $44,000 and other mining peers are mostly positive on Tuesday.
Read more: Crypto Lender Celsius Network Invests $300M in North American Bitcoin Mining Operations
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
