Mawson Infrastructure Group Inc. Announces New 100 Megawatt Hosting Co-location Agreement, Debt Facility With Celsius Mining LLC
“We see this as a win-win situation for both Celsius Mining and Mawson. We appreciate the uniqueness of Mawson’s operational capabilities and look forward to working closely together.”
Mawson expects first mining hardware under this agreement to be deployed towards the end of Q1, 2022. This brings total Luna Squares LLC (“Luna Squares”) hosting co-location agreements in place to approximately 102 MW.
Mawson intends to deploy the mining hardware inside its Modular Data Centre (MDC) technology at its facilities in the United States.
In addition to the debt facility, Mawson has issued Celsius Mining 3,850,000 warrants, exercisable for 3,850,000 in common stock at $6.50.
Mawson expects Bitcoin Self-Mining to be at 3.35 EH by Q2, 2022, and target of 5 EH online by early Q1 2023 reiterated.
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James Manning, CEO and Founder of Mawson, said, “We are delighted to have signed our largest hosting co-location customer to date, and look forward to working closely with Celsius Mining moving forward. The industry is experiencing a shortage of energy and energy infrastructure – having focused as a business on ‘Infrastructure First’ long ago, this enables us to take on strategic customers in our hosting co-location business. Demand and inbound enquiry for hosting continues to rise, and we look forward to updating stockholders on this front further in due course.”
Amir Ayalon, CEO of Celsius Mining, said, “We see this as a win-win situation for both Celsius Mining and Mawson. We appreciate the uniqueness of Mawson’s operational capabilities and look forward to working closely together.”
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