Mawson Infrastructure Group has signed a significant business agreement with an AI customer to provide 20MW of power for their operations. The lease centers on deploying 20MW of Nvidia GPUs, marking a significant milestone for the company in the AI and high-performance computing (HPC) markets.
What is Included in the Lease Agreement?
The agreement not only secures the 20MW capacity but also includes a Letter of Intent (LOI) for a potential expansion to 144MW. While further details of the contract have not been disclosed, this expansion could signal a strong future commitment between Mawson and its AI client. The deal represents a growing interest in the use of Nvidia GPUs for AI-driven workloads and high-performance computing.
Expansion Plans and Growth Strategy
Mawson Infrastructure Group is aiming to significantly boost its data center capacity. In its 2025 presentation, the company revealed plans to bring its total operational capacity to 153MW, with an expansion project in Perry County, Ohio, already underway. Announced in August 2024, the Perry County facility promises to enhance Mawson’s footprint, although specifics on the timeline and facility size remain under wraps.
Performance Growth and Financial Outlook
Mawson’s focus on high-performance computing and AI markets is paying off. According to Rahul Mewawalla, CEO and president of Mawson, the company saw a 136% year-over-year revenue growth in its digital colocation business. This success is attributed to the company’s strategic expansion and the addition of several enterprise-grade institutional clients. Mawson’s overall revenue increased by 36% year-over-year, signaling strong financial health and a growing presence in emerging markets like AI.
Historical Shift to Digital Colocation Services
Historically known for its cryptocurrency mining business, Mawson Infrastructure Group has expanded its service offerings in response to the growing demand for digital colocation services. The company operates a 120MW facility in Midland, Pennsylvania, with room for about 38,810 miners. In addition to its cryptocurrency services, Mawson now provides colocation solutions to AI and HPC markets, diversifying its portfolio for future growth.
Moving From Australia to the U.S.
Originally based in Australia, Mawson Infrastructure Group relocated its operations to the United States in February 2023. This move marks a strategic shift to capitalize on the growing demand for data center services in North America, particularly in the wake of emerging AI technologies and high-performance computing needs.
FAQ: What You Need to Know About Mawson Infrastructure’s Recent Developments
1. What does Mawson’s 20MW lease with an AI customer entail?
The 20MW lease agreement allows Mawson to deploy Nvidia GPUs for an unnamed AI customer, supporting their high-performance computing needs. This deal includes an LOI for a potential 144MW expansion.
2. What are Mawson’s future expansion plans?
Mawson aims to increase its total data center capacity to 153MW, including a planned expansion in Perry County, Ohio. The company also plans to continue growing its presence in the AI and HPC markets.
3. How has Mawson’s revenue growth been in recent years?
Mawson has experienced strong growth, with its digital colocation business growing by 136% year-over-year. Overall, the company saw a 36% increase in revenue, driven by new enterprise-grade clients and expansion into the AI sector.
4. What is Mawson’s role in the cryptocurrency and AI markets?
Mawson Infrastructure Group has diversified from its initial focus on cryptocurrency mining to include digital colocation services. The company now provides high-performance computing and AI services alongside its cryptocurrency mining operations.
5. Why did Mawson move from Australia to the U.S.?
Mawson relocated to the U.S. in February 2023 to tap into the growing demand for data center services in North America, particularly driven by advancements in AI and high-performance computing.
