Midland-based Mawson Infrastructure Group, a publicly traded digital infrastructure provider, recently entered into a binding Artificial Intelligence/High-Performance Computing (AI/HPC) colocation business agreement to provide United Kingdom-based BE Global Development Limited with an initial 20 megawatts (MW) of digital infrastructure.
Under the six-year agreement, Mawson will provide BE with AI/HPC colocation services for its AI deployment, starting during the first quarter of 2025. BE will deploy graphics processing units.
“We’re very excited to sign this AI/HPC colocation services agreement and to enable the future acceleration of AI and HPC,” Rahul Mewawalla, Mawson CEO and president, said. “This initial agreement illustrates Mawson’s digital infrastructure capabilities, which now includes AI, HPC, and digital assets. This also positions us as a competitive provider of digital infrastructure platforms and capabilities for cutting-edge compute operations such as AI and HPC in addition to digital assets. We expect the overall AI and HPC infrastructure market to grow to over $200 billion by 2030 and we continue to execute our growth strategy with our expansion into this market.”
The agreement has a fixed, pre-determined price for the first two years, and could generate approximately $92 million. For the full term, it could generate approximately $285 million in cumulative revenue.