Mawson Infrastructure picks up 33% stake in Australian bitcoin mining firm

Mawson Infrastructure (OTCQB:MIGI) said Tuesday it bought a 33% stake in Tasmania Data Infrastructure with the exchange of ~1,975 ASIC bitcoin miners. TDI is developing a 100% renewable energy bitcoin mining facility in Tasmania, Australia with up to 35 MW of energy infrastructure available for mining in Q3. MIGI can host up to 10 MW of its own bitcoin mining infrastructure at the site. The site has potential expansion capacity of over 100 MW. MIGI will provide a license for TDI to use its Modular Data Center and associated technology. The sale of the ASIC bitcoin miners will be reflected in MIGI's Q2 results. MIGI stock rose 5% in midday trade on Tuesday.