2 years ago
Bitcoin miner Mawson Infrastructure (MIGI) has signed a caller 100 megawatt (MW) co-location woody with Celsius Mining, a subsidiary of crypto lending steadfast Celsius Networks, that entails Celsius providing a information halfway to big mining equipment.
The archetypal mining hardware nether the caller woody volition beryllium deployed astatine the extremity of the archetypal 4th and volition bring the hosting co-location agreements with Mawson’s subsidiary, Luna Squares, to astir 102MW, according to a statement.
The woody volition marque Celsius the “largest co-location customer” for Mawson, said CEO and laminitis James Manning, adding that the manufacture is experiencing a shortage of vigor and vigor infrastructure portion request and inbound enquiry for hosting continues to rise.
Celsius besides loaned $20 cardinal to Luna Squares for the intent of backing the infrastructure required to conscionable the obligations of the co-location deal, according to a Securities and Exchange Commission filing.
Additionally, Mawson issued Celsius 3.85 cardinal warrants, each of which is exercisable for 1 stock of communal banal astatine $6.50.
Mawson reiterated its guidance for reaching self-mining powerfulness of of 3.35 exahash per 2nd (EH/s) by the 2nd 4th of this year, and a people of 5 EH/s online by aboriginal Q1 2023
On Feb. 15, Mawson said it produced 140 bitcoins successful January and expects its monthly hashrate to emergence 23% to 1.35 EH/s by the extremity of February.
Mawson’s shares are down much than 7% portion bitcoin (BTC) neared $44,000 and different mining peers are mostly affirmative connected Tuesday.
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Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
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