PartnershipApr 27, 2026, 08:31 AM
MIGI Signs Colocation Deal with Endeavor for 25K Miners, 75MW Capacity
AI Summary
Big Digital Energy, Inc. (formerly Mawson Infrastructure Group Inc.) entered a strategic colocation agreement with Endeavor Group, an affiliate of its management team. Endeavor will provide approximately 25,000 mining computers, and Big Digital will provide 75MW of compute capacity under a 50%/50% profit-sharing arrangement. Big Digital will receive 100% cash proceeds, while Endeavor will be compensated with company stock and warrants. This related-party transaction, approved by independent directors, aims to rapidly enhance cash flows and maximize asset utility without requiring Big Digital to deploy capital. The company also expects to change its ticker to "BGDE" on April 30, 2026.
Key Highlights
- Strategic colocation agreement signed with Endeavor Group, a related party.
- Endeavor to purchase and deliver approximately 25,000 mining computers.
- Big Digital to provide approximately 75MW of compute capacity.
- Parties will operate under a 50%/50% profit-sharing arrangement.
- Big Digital receives 100% cash proceeds; Endeavor compensated with stock and warrants.
- Transaction reviewed and unanimously approved by independent Audit Committee members.
- Company's ticker expected to change from MIGI to BGDE on April 30, 2026.
- Messrs. Kilgore, Stanley, and Smith beneficially own 29% of the Company's common stock.