MIGI - Mawson Infrastructure Group Inc. Executes Customer Co-Location Agreement | Benzinga
Customer Agreement for about 15,876 Bitmain Antminer S19 XP
Co-location Miners and approximately 50 MW of Power
With Self-mining and Co-location platforms combined, Mawson's facilities are expected to have total capacity of about 109MW and 35,480 miners. Hashing capacity of approximately 3.7 EH/s1.
SHARON, Pa., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson" or the "Company"), a digital infrastructure company, is pleased to announce that a customer co-location agreement has been signed between a wholly-owned subsidiary of Mawson and a wholly-owned subsidiary of Consensus Technology Group LLC ("Consensus") for Mawson to provide Consensus with co-location services for approximately 15,876 Bitmain Antminer S19 XP miners or approximately 50 MW at Mawson's Midland, Pennsylvania facilities.
The customer co-location agreement executed between Mawson's CEO and Consensus' CEO on October 12, 2023 includes Consensus providing approximately 15,876 Bitmain Antminer S19 XP mining machines capable of hashing at about 141 EH/s, while Mawson will pass through the power costs to the customer along with co-location service fees per MWh, as well as other fees and charges. The agreement provides for Mawson to provide co-location services to Consensus for 12 months and the parties can extend further upon mutual agreement. With the addition of this co-location customer, Mawson anticipates its Midland facilities operating at a capacity of 100 MW and the combined self-mining and co-location fleets at its Midland facilities are expected to comprise of approximately 32,930 miners.
Rahul Mewawalla, Mawson's CEO and President, commented, "I am thankful and appreciative of the multiple parties expressing interest in utilizing Mawson's co-location infrastructure and services. We are excited to welcome ...