Bitcoin Miner Mawson Signs Second Hosting Deal in a Week

The new deal will bring the company’s total hosting co-location power capacity to 114MW, up from just 2MW at the end of 2021.

AccessTimeIconMar 4, 2022 at 4:54 p.m. UTC
Updated May 11, 2023 at 5:57 p.m. UTC

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..
  • How Crypto Markets Reacted to Trump's Assassination Attempt
    22:08
    How Crypto Markets Reacted to Trump's Assassination Attempt
  • Trump's Odds of Victory Hit All-Time High on Polymarket After Shooting; Alexey Pertsev Denied Bail
    02:05
    Trump's Odds of Victory Hit All-Time High on Polymarket After Shooting; Alexey Pertsev Denied Bail
  • Spain National Fan Token Slides After UEFA Euro 2024 Win
    00:52
    Spain National Fan Token Slides After UEFA Euro 2024 Win
  • How NFTs Can Revolutionize Athlete Legacies and Fan Experiences
    13:26
    How NFTs Can Revolutionize Athlete Legacies and Fan Experiences
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Aoyon Ashraf

    Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets


    Read more about