Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson'' or the “Company”), a digital infrastructure provider, announces today that it has signed and closed a binding sale agreement for Mawson’s greenfield sites in Midland, TX, effective April 18, 2023. The sale price was $8.5m in cash and stablecoins. The transaction involved the sale of 100% of Mawson’s subsidiary Luna Squares Texas LLC, which held the relevant lease agreements and related contracts. In addition, Mawson sold 59 transformers which were earmarked for these Texas sites. The buyer is a fund managed by Mainnet Capital, a Singapore-based fund manager, called M Turing VCC Oracle Phase 1 Fund.
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