Core Insights - Mawson Infrastructure Group Inc. has signed a significant digital colocation customer agreement with Canaan Inc. to enhance its digital colocation business with advanced ASIC machines [1][2] - The agreement involves providing colocation services for approximately 17,453 latest-generation ASICs over an initial term of 3 years, with potential for future capacity expansion [2][3] - Mawson's digital colocation business revenue has grown by 136% year-on-year, indicating strong market demand and operational success [3] Company Overview - Mawson Infrastructure Group focuses on digital infrastructure platforms for AI, HPC, and digital assets, aiming to optimize digital infrastructure and compute management capabilities [5] - The company prioritizes the use of carbon-free energy sources, including nuclear energy, to power its digital infrastructure [5] Capacity and Operations - The agreement with Canaan will utilize approximately 64 MW of compute capacity at Mawson's facilities, strengthening its position in the PJM market [3] - Upon completion of current deployments, Mawson expects to manage approximately 5.51 EH/s in total operating hashrate across its facilities, with plans to expand its operating capacity to 153 MW [4]
Mawson Infrastructure Group Inc. Executes New Customer Agreement with Canaan Inc., Growing and Expanding Digital Colocation Business with Latest-Gen ASICs