Bitcoin Miner Mawson to Sell Texas Sites for $8.5M

Bitcoin miner Mawson Infrastructure has agreed to sell its sites in Texas to Singapore fund Mainnet Capital's M Turing VCC Oracle Phase 1 Fund for $8.5 million in cash and stablecoins. The sale will allow Mawson to focus on its operations in Pennsylvania and reduce debt, while also funding future expansions across its other sites. Luna Squares Texas LLC, which owns the contracts and leases for the Texas sites, will be sold to the Singapore fund.