M Turing VCC Oracle Phase 1 Fund, a fund managed by MainNet Capital signed a binding sale agreement to acquire Luna Squares Texas LLC from Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) for $8.5 million effective on April 18, 2023. The consideration shall be paid in cash and stablecoins. In addition, Mawson sold 59 transformers which were earmarked for the Texas sites.

Justin Ballard of Quarry Advisors provided advisory services to Mawson Infrastructure Group.