New Customer Agreement for Approximately 4 MW or 1,176 miners
With Option for Expansion
Continued Customer Onboarding in Co-Location Business
and Develops Multi-Customer Base for Company’s Capabilities
The new customer co-location agreement is for Mawson to provide FTI with co-location services for approximately 1,176 miners or approximately 4 MW at Mawson’s
The FTI customer co-location agreement is the third co-location customer agreement executed by Mawson since the start of Q4, 2023, which develops a multi-customer base for Mawson’s co-location business and also provides for additional growth opportunities for Mawson capabilities and business.
Rahul Mewawalla, Mawson’s CEO and President, commented, “We are delighted to sign and are excited to welcome our third co-location customer since as recently as the start of Q4, 2023, which continues our successful build of a growing multi-customer base for Mawson’s co-location business. We have been pleased with our recent operational and technological enhancements across our self-mining and co-location businesses, and our increased overall platform capabilities as we look to 2024 ahead.”
Mawson anticipates its
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the
Investor Contact:
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IR@mawsoninc.com
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