- Mawson Infrastructure Group (MIGI) is keen on partnerships these days as the bitcoin mining operation signed a 100-megawatt (MW) co-location agreement with Celsius Mining, according to SEC documents.
- Just three days after this deal, Mawson Infrastructure Group (MIGI) signed another deal. The company announced that it has signed a 12-megawatt (MW) co-location deal with Foundry Digital.
- Just before the acquisition, a digital infrastructure provider, Mawson Infrastructure Group, rebranded itself and changed its name to the current one from Wize Pharma.
Mawson Infrastructure Group, the bitcoin mining operation, is stirring waves in the bitcoin mining industry as it recently collaborated with Celsius Mining and Foundry Digital. Earlier, the bitcoin mining operation Mawson gained 11,760 next-generation A1246 ASIC Avalonminers from Canaan.
A digital infrastructure provider, Mawson Infrastructure Group offers operations throughout the USA and Australia. Mawson operates on the vertically integrated model. The model is based on a long-term strategy in order to promote the global transition to the new digital economy.
Mawson’s next-generation mobile data center solutions make it compatible with sustainable energy infrastructure. Its next-generation mobile data center solutions make on-demand deployment of infrastructure assets and low-cost Bitcoin productions possible. Mawson Infrastructure Group is leading towards the path to establishing itself as a global leader in ESG that focuses on ESG focused Bitcoin mining and digital infrastructure. The company is doing so by prioritizing shareholder returns and an aligned board and management.
Mawson Infrastructure Group (MIGI) Recently Rebranded Itself
The mining equipment acquisition was followed by Mawson rebranding itself. Earlier, Mawson Infrastructure Group company was called Wize Pharma. The company rebranded and changed its name in March-end, then the company’s CEO James Manning said the step was in support of digital asset infrastructure globally. James also mentioned the move was to explorer and geologist Sir Douglas Mawson’s Antarctic exploration.
On the first day of March, the company signed a deal with Celsius Mining, the mining subsidiary of the crypto lending firm, Celsius Network. As per the data from the SEC, in order to host the 100-megawatt (WW) co-location, Celsius Mining will offer a mining facility.
Mawson’s CEO Manning stated in a statement:
There is a lack of energy and energy infrastructure in the industry. For a long time, ‘Infrastructure long’ was our priority, which also allowed us to connect with strategic clients in our hosting co-location business.
Manning further added that the inbound and demand is constantly increasing and they are excited to update their stakeholders on this front in some time.
Just after Mawson signed the deal with Celsius Mining, the company disclosed its partnership with Foundry Digital LLC. In the announcement, Mawson revealed that by the end of Q1, 2022, the 2-megawatt hosting customer is to have the first mining hardware.
The company also intends to set up the mining rigs inside its “proprietary Modular Data Centre (MDC) technology at its facilities in the United States.” The top mining pool in terms of hashrate for most of 2022, Foundry USA is operated by Foundry.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.