Mawson Infrastructure stock gains on 100 MW hosting co-location deal

Mawson Infrastructure (OTCQB:MIGI) stock climbed 6% after the firm announced a new hosting co-location deal for ~100 MW and associated debt facility with Celsius Mining. The deal makes MIGI one of the largest Nasdaq listed Bitcoin mining ASIC hosting companies. MIGI expects first mining hardware under this deal to be deployed towards the end of Q1 2022. MIGI intends to deploy the mining hardware inside its Modular Data Centre technology at its facilities in the U.S. In addition to the debt facility, MIGI issued Celsius Mining 3.85M warrants, exercisable for 3.85M in stock at $6.50. MIGI expects Bitcoin self-mining to be at 3.35 EH by Q2 2022 and reiterated its target of 5 EH online by early Q1 2023.