Mawson to Develop 120 MW Bitcoin Mining Facility

Australian digital infrastructure provider Mawson Infrastructure announced that the company will develop a new 120 Megawatt (MW) Bitcoin mining facility in Texas, USA.

Through its wholly-owned subsidiary Luna Squares Texas, Mawson has signed leases with 5-year terms, with 2 options to extend the lease by a further 5 years, totaling 15 years. The combined facility together consists of 4 individual sites situated in close proximity to one another.

Texas Pacific Land Corporation, one of the largest landowners in the state of Texas, is the landlord of two of the sites. The other two sites are situated on family-owned private lands.

Mawson plans to make use of both Carbon Credits and Renewable Energy Credits (RECs) for this project, as well as to participate in curtailment programs to allow for Net Zero Carbon and a strong ESG focus.

Mawson has partnered with JAI Energy and Texas Pacific Land Corporation for the project, both of which will share in the revenue streams generated by the project, as well as have an option to acquire an equity interest in Luna Squares Texas.

"Texas is rapidly emerging as an exciting new Bitcoin mining province in the United States, and thus we are excited to have established an initial foothold in the state. In an environment where energy and energy infrastructure are in high demand, we are looking forward to beginning on-ground civil works near term. Community engagement is an important priority for Mawson, and we look forward to working closely with the local counties and continuing to be a great corporate citizen in the communities in which we operate. We are excited to have collaborated with JAI Energy, and Texas Pacific Land Corporation - one of the largest landowners in the State of Texas with approximately 880,000 acres of land. We are looking forward to civil works beginning on our first site in Texas and exploring the substantial opportunities these new relationships bring Mawson Infrastructure Group,” said James Manning, CEO and Founder, Mawson.