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

The bitcoin mining cognition Mawson Infrastructure Group (MIGI) has started to marque hosting deals with cardinal players successful the mining industry. On March 1, Securities and Exchange Commission (SEC) documents amusement that Mawson signed a 100-megawatt (MW) co-location statement with Celsius Mining. Three days later, Mawson announced a 12-megawatt (MW) co-location woody with Foundry Digital.

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

Mawson Infrastructure Group is making moves wrong the bitcoin mining manufacture arsenic the institution has precocious partnered with Celsius Mining and Foundry Digital. Bitcoin.com News has reported connected the bitcoin mining cognition Mawson successful the past erstwhile the steadfast acquired 11,760 next-generation A1246 ASIC Avalonminers from Canaan.

Just anterior to the mining instrumentality acquisition, Mawson rebranded and changed the company’s sanction from Wize Pharma to Mawson Infrastructure Group. The institution rebranded astatine the extremity of March 2021 and astatine the time, Mawson CEO James Manning said the determination toward bolstering integer plus infrastructure globally was akin to the explorer and geologist Sir Douglas Mawson’s Antarctic exploration.

On March 1, 2022, Mawson inked a woody with Celsius Mining, the crypto lending steadfast Celsius Network’s mining subsidiary. SEC documents amusement Celsius Mining volition supply a mining installation successful bid to big the 100-megawatt (MW) co-location.

“The manufacture is experiencing a shortage of vigor and vigor infrastructure — having focused arsenic a concern connected ‘Infrastructure First’ agelong ago, this enables america to instrumentality connected strategical customers successful our hosting co-location business,” Mawson’s CEO Manning said successful a statement. “Demand and inbound [inquiry] for hosting proceed to rise, and we look guardant to updating stockholders connected this beforehand further successful owed course.”

After Mawson inked the woody with Celsius Mining, the institution announced a concern with Foundry Digital LLC. Mawson’s announcement said that the “12-megawatt hosting lawsuit [is] to person archetypal mining hardware units online extremity of Q1, 2022.”

The institution plans to deploy the mining rigs wrong its “proprietary Modular Data Centre (MDC) exertion astatine its facilities successful the United States.” Foundry operates the mining excavation Foundry USA, which has been the top mining pool successful presumption of hashrate for astir of 2022.

What bash you deliberation astir Mawson’s co-location mining deals with Foundry and Celsius? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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