Mawson Invites Indications of Interest for BTC, HPC Hosting Services

26. Juli 2023 Aus Von admin

• Mawson Infrastructure Group Inc. (MIGI) is inviting outside parties to submit indications of interest for its hosting and digital infrastructure services that include BTC (Bitcoin) miner hosting, HPC (High Performance Computing) co-location, and other potential partnerships.
• Mawson has been expanding its overall capacity across its multiple sites in Pennsylvania and Ohio, with approximately 55 MW in potential hosting capacity available.
• The Company has also received a notice of intent not to renew a customer equipment co-location agreement from Celsius Mining LLC, which should result in significant opportunities for Mawson and potential hosting customers.

Mawson Invites Submission of Indication of Interest

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today that it is inviting outside parties to provide Indications of Interest (IOI) for the Company’s hosting and digital infrastructure services that include BTC (Bitcoin) miner hosting, HPC (High Performance Computing) co-location, and other potential partnerships utilizing its digital infrastructure and hosting locations.

Available Hosting Capacity

The Company expects a significant increase in demand and interest for reliable, scalable, and readily available hosting rack space, and is seeking to engage with potential suitable customers and counterparties. Along with its bitcoin self-mining business and energy market program business, Mawson continues to build-out its hosting and co-location businesses. Mawson is offering significant opportunities for potential hosting customers and partners to engage in discussions with Mawson around as much as 55 MW in potential hosting capacity. Mawson has been expanding its overall capacity across its multiple sites and operations in Pennsylvania and Ohio.

Notice From Celsius Mining LLC

Mawson has also received and acknowledged a notice of intent not to renew a customer equipment co-location agreement, or hosting agreement, from a current customer, Celsius Mining LLC, therefore that hosting agreement shall expire in accordance with its terms on August 23rd 2023. This should result in significant opportunities for Mawson and potential hosting customers to engage in discussions on approximately 20 000 rack spaces available with capacity to expand further.

CEO Comments

Rahul Mewawalla CEO & President commented “Given recent developments in Bitcoin mining & HPC Co-Location driven by the upcoming halving for bitcoin & growth applications like AI & other HPC related hosted capabilities there is growing demand reliable scalable & well operated Hosting & Co-Location Sites such as those offered at Mawson Infrastructure Group“

Conclusion

In conclusion this announcement from MIGI highlights their intention bring outside parties together participate discussion potentially utilizing their Digital Infrastructure Hosting Services including Bitcoin Miner Hosting High Performance Computing Co-Location & Other Potential Partnerships utilizing their Digital Infrastructure & Hosting Locations