Mawson Infrastructure Group Inc Expands into AI and HPC Markets
AIHPC Colocation and Digital Infrastructure Agreement
Toronto, Ontario – January 17, 2023 – WEB Mawson Infrastructure Group Inc. (TSX: MWI), a leading provider of digital infrastructure solutions, has expanded into the artificial intelligence (AI) and high-performance computing (HPC) markets. The Company has signed a non-binding letter of intent (LOI) with a high-performance computing company ("AIHPC"). The LOI outlines the provision of 20 megawatts (MW) of digital infrastructure dedicated to AI and the potential to increase the initial commitment to over 100 MW in the future.
Initial Agreement and Growth Potential
The initial agreement between Mawson and AIHPC entails the provision of 20 MW of digital infrastructure dedicated to AI. This infrastructure will support AIHPC's operations and enable the company to meet the growing demand for AI and HPC solutions. The agreement has a term of five years, with options to extend.
Mawson expects the overall AI and HPC infrastructure market to grow to over $200 billion by 2030. The Company believes that this strategic expansion into the AI and HPC markets will drive significant growth in the years to come.
Commitment to Innovation
"We are excited to expand into the AI and HPC markets and to partner with AIHPC," said James Mawson, CEO of WEB Mawson Infrastructure Group Inc. "This agreement is a testament to our commitment to innovation and to providing our customers with the most advanced digital infrastructure solutions."
About AIHPC
AIHPC is a leading provider of AI and HPC solutions. The company's platform provides customers with access to the latest AI and HPC technologies, enabling them to accelerate their research and development efforts.
About WEB Mawson Infrastructure Group Inc.
WEB Mawson Infrastructure Group Inc. is a leading provider of digital infrastructure solutions. The Company's focus is on providing sustainable, scalable, and secure solutions for the digital economy. Mawson's portfolio includes data centers, fiber networks, and renewable energy facilities in North America and Europe.
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