3 years ago
Australian bitcoin miner Mawson Infrastructure Group has signed a 12 megawatt (MW) hosting co-location woody with Foundry Digital, conscionable days aft signing a 100MW woody with Celsius (Foundry Digital is simply a subsidiary of Digital Currency Group, the genitor institution of CoinDesk).
The woody volition bring the miner’s hosting co-location concern to a full of 114MW, rising 5,600% from 2MW astatine Dec. 31 of 2021, according to a statement released connected Friday.
On Tuesday, Mawson signed its largest co-location lawsuit for 100MW with Celsius Mining.
“Our hosting concern is expanding rapidly and full contracts signed to day makes america 1 of the largest Nasdaq listed Bitcoin mining ASIC hosting companies,” said James Manning, CEO and laminitis of Mawson, successful the statement.
Mawson expects the archetypal mining hardware nether the caller statement to beryllium deployed by the extremity of the archetypal quarter.
Shares of Mawson fell 5.8% connected Friday, in-line with astir of its crypto mining peers, aft bitcoin pulled backmost astir 4% to $40,770 implicit the past 24 hours..
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Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
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