Mawson Infrastructure Group Inc. announced a significant new digital colocation customer agreement with Canaan Inc., a NASDAQ-listed publicly traded company. The agreement, executed on March 21, 2025, is for Mawson to provide digital colocation services for approximately 17,453 latest-generation ASICs, totaling about 64 MW of compute capacity.
The initial term of this colocation agreement is for three years, with provisions for mutual extension. This partnership is strategically located within Mawson’s facilities in the PJM market, which is recognized as one of North America’s largest competitive wholesale energy markets.
Upon completion of this deployment, Mawson expects its combined total current operating hashrate to reach approximately 5.51 exahash per second (EH/s). The company also has an additional 24 MW site in Ohio under development, which will further expand its total operating capacity to 153 MW upon completion.
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