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Midland-based Mawson Infrastructure Group, a digital infrastructure platform company, recently announced it has expanded its digital co-location business.
The company signed a new 20 megawatt (MW) co-location customer agreement with Krypton Technologies. Under the agreement, Mawson will deploy about an additional 5,880 customer mining units.
“We are delighted to grow and expand our overall co-location services business to about 102 MW or about 31,164 miners under customer agreements,” Rahul Mewawalla, Mawson CEO and president, said. “Our accelerated growth in our co-location platforms business is driven by our optimizing reliable, efficient, scalable and sustainable carbon-free digital infrastructure solutions for our enterprise class customers.”
Expansion will bring the facility to an operating capacity to 120 MW. It will be able to serve a capacity of approximately 38,810 miners for self-mining or co-location business services.
In addition, the company’s Bellefonte facility has 8.8 MW of self-mining capacity.
Combined, the facilities will increase Mawson’s total combined capacity to approximately 129 MW or about 41,530 miners.
Mawson Infrastructure Group’s technology allows for the growth of the bitcoin network, digital assets and other high-performance computing solutions. The company’s clients include large financial institutions, hardware manufacturers and other public and private miners.
The company has a $29 million market cap.