Mawson Infrastructure Group Inc. (MIGI) 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 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 our newest co-location customer and to drive the growth of our co-location business in addition to our self-mining and energy management program businesses. We believe the combination of the Bitmain Antminer S19 XP miners co-located with our infrastructure services builds upon our established co-location platforms and provides for a mutually beneficial commercial relationship.”
In addition to its facilities at Midland, Mawson has a site located in Bellefonte, Pennsylvania, which is used entirely for self-mining purposes. As of the end of September 2023, the Bellefonte facility was operating at approximately 8.8 MW of capacity with approximately 2,545 self-miners hashing. With self-mining and co-location platforms combined, Mawson’s facilities are expected to have a total capacity of about 109 MW and about 35,480 miners along with a total hashing capacity of approximately 3.7 EH/s.
Mr. Mewawalla, added “We believe this new customer agreement and our discussions with multiple parties reflect the industry’s and ecosystem’s confidence in Mawson’s platforms. The execution of this new customer agreement is another major accomplishment for the Company and our stakeholders.”