Mawson Infrastructure Group Inc. Executes Another Customer Co-Location Agreement For ~4 MW Or 1,176 Miners With Option For Expansion
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure Group Inc. (MIGI) has announced a new co-location agreement with Faith Technologies Incorporated (FTI) for about 4 MW or 1,176 miners at its Midland, Pennsylvania facilities, with an option for future expansion. This marks the third co-location customer agreement for Mawson since Q4, 2023, expanding its multi-customer base and growth opportunities in its co-location business. Mawson's facilities, including another site in Bellefonte, Pennsylvania for self-mining, are expected to reach a total capacity of 109 MW and about 35,650 miners.
February 06, 2024 | 2:02 pm
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Mawson Infrastructure Group Inc. has entered into a new co-location agreement with FTI, marking significant expansion in its co-location business and overall operational capacity.
The new co-location agreement with FTI represents a strategic expansion for Mawson Infrastructure Group Inc., enhancing its multi-customer base and operational capabilities. This development is likely to be viewed positively by investors, as it indicates growth in Mawson's co-location business and potential for increased revenue. The announcement of reaching a total capacity of 109 MW and about 35,650 miners further underscores the company's growth trajectory and operational enhancements.
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