According to Securities and Exchange Commission (SEC), Mawson signed a co-location agreement of 100 megawatts (MW) with Celsius Mining on March 1. Three days later Mawson announced that he had signed a 12-megawatt co-location agreement with Foundry Digital.
Mawson Signs Colocation Deals with Celsius Mining and Foundry Digital
Mawson Infrastructure Group has partnered with Celsius Mining, Foundry Digital and other companies to make inroads within the bitcoin mining sector. Bitcoin.com News reported previously on Mawson’s bitcoin mining operation when purchased 11,760 next generation A1246 ASIC Avalonminers in Canaan.
Mawson changed its name to Mawson Infrastructure Group just prior to the acquisition of mining equipment. Mawson CEO James Manning stated that the company’s move to boost digital asset infrastructure worldwide was similar to Sir Douglas Mawson, an Antarctic explorer.
Mawson signed a deal on March 1, 2022 with Celsius Mining, the subsidiary of crypto lending firm Celsius Network. SEC documents indicate that Celsius Mining will be providing a mining facility to host the 100-megawatt co-location.
Mawson CEO Manning stated that the industry is facing a shortage in energy and infrastructure. Manning was a long-time businessman who had focused on “Infrastructure First” long ago. This enables him to take on strategic clients in his hosting colocation business. “Demand for and inbound inquiries for hosting continue to increase, and we look forward updating stockholders on the matter further in due time.”
After Mawson signed the agreement with Celsius Mining, announced its partnership with Foundry Digital LLC. Mawson announced that the 12-megawatt hosting customer would have its first mining hardware units online by Q1 2022.
The company plans to place the mining rigs within its “proprietary Modular Data Centre” technology at its facilities throughout the United States. Foundry USA is Foundry’s mining pool. It has been the most prolific mining pool in terms hashrate since 2022.