Big Digital Energy Enters Strategic Agreement with Endeavor Group
Big Digital Energy, formerly known as Mawson Infrastructure, announced that it has entered into a strategic colocation agreement with an affiliate of the Endeavor Group. Endeavor consists of certain members of the company's management team. Under the terms of the agreement, Endeavor will purchase and deliver approximately 25,000 mining computers, and Big Digital will provide Endeavor with approximately 75MW of compute capacity. The parties will operate under a 50/50 profit-sharing arrangement whereby Big Digital will receive 100% of the cash proceeds from the miners, and Endeavor will be compensated with a mix of shares of the Company's common stock and warrants to purchase the Company's common stock.
