Customer Agreement for about 15,876 Bitmain Antminer S19 XP
Co-location Miners and approximately 50 MW of Power
With Self-mining and Co-location platforms combined, Mawson’s facilities are expected to have total capacity of about 109MW and 35,480 miners. Hashing capacity of approximately 3.7 EH/s1.
The customer co-location agreement executed between Mawson’s CEO and Consensus’ CEO on
Rahul Mewawalla, Mawson’s CEO and President, commented, “I am thankful and appreciative of the multiple parties expressing interest in utilizing Mawson’s co-location infrastructure and services. We are excited to welcome our newest co-location customer and to drive the growth of our co-location business in addition to our self-mining and energy management program businesses. We believe the combination of the Bitmain Antminer S19 XP miners co-located with our infrastructure services builds upon our established co-location platforms and provides for a mutually beneficial commercial relationship.”
In addition to its facilities at
Mr. Mewawalla, added “We believe this new customer agreement and our discussions with multiple parties reflect the industry’s and ecosystem’s confidence in Mawson’s platforms. The execution of this new customer agreement is another major accomplishment for the Company and our stakeholders.”
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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:
Chief Financial Officer
IR@mawsoninc.com
1 Includes approximately 2.4 EH/s from self-mining platform and approximately 1.3 EH/s from co-location platform.
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