Bitcoin Miner Mawson Signs Second Hosting Deal in a Week

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..