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Bitcoin Miner Mawson to Sell Texas Sites for $8.5M to Singapore Fund Manager

Bitcoin miner Mawson Infrastructure (MIGI) said it agreed to sell its sites in Texas to a Singapore fund for $8.5 million in cash and stablecoins.

Mainnet Capital's M Turing VCC Oracle Phase 1 Fund will buy Luna Squares Texas LLC, which owns the contracts and leases for the sites in Midland, Texas, Mawson said in a Wednesday press release.

Mawson is shedding weight from its operations to focus in Pennsylvania. In September, it sold its facility in Georgia to CleanSpark (CLSK).

Mawson expects to have sufficient infrastructure to support 4.2 exahash/second (EH/s) of mining computing power by the end of the second quarter.

(by Sheldon Reback)

Bitcoin Miner
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