Big Digital Energy, the cryptomine firm formerly known as Mawson Infrastructure Group, has signed a colocation agreement with an affiliate of the Endeavor Group.
The Pennsylvania-based digital infrastructure firm said Endeavor will purchase and deliver around 25,000 mining computers, while Big Digital will provide approximately 75MW of compute capacity across its existing infrastructure footprint.
The parties will operate under a 50/50 profit-sharing arrangement, with Big Digital receiving the cash proceeds generated by the miners. Endeavor will be compensated through a mix of Big Digital common stock and warrants.
Big Digital said the deployment is expected to begin “promptly,” using available capacity across its existing sites. The company said the cash flow generated from the agreement will be used to improve existing assets and build out new assets.
The deal was announced days after Mawson said it had filed documents in Delaware to change its name to Big Digital Energy, effective April 24, 2026. The company said it expected its common stock to begin trading on Nasdaq under the ticker “BGDE” on April 30.
The Endeavor agreement follows several months of dispute between Mawson and the investor group. In January, Mawson filed a complaint in Delaware federal court against Endeavor Blockchain, Joshua Kilgore, PM Squared, Cody Smith, and Phil Stanley, alleging violations of federal securities laws related to Schedule 13D filings and an alleged change-of-control plan.
In February, Mawson adopted a limited-duration stockholder rights agreement, saying it was responding to Endeavor’s “significant and rapid accumulation” of stock and what it called a “covert campaign” to take over the company. The rights plan was set to trigger if a person or group acquired 20 percent or more of Mawson’s outstanding common stock without board approval.
Mawson later entered into a cooperation agreement with Endeavor in April, appointing three independent directors and two Endeavor affiliates to its board. Days later, the company announced a reconstituted seven-person board and named Joshua Kilgore as executive chairman, Phil Stanley as CEO, and Cody Smith as COO.
Big Digital said the new colocation deal is a related-party transaction. The company said Big Digital Energy LLC, a party to the agreement, is deemed an affiliate of both Endeavor and the public company because it is owned and/or controlled by Kilgore, Stanley, and Smith. The company said the transaction was reviewed and unanimously approved by the independent members of its audit committee, with interested directors and officers recusing themselves.
Big Digital describes itself as a digital infrastructure company providing services across AI, high-performance computing, digital assets, and other intensive compute applications. Its latest annual filing said the company manages around 129MW of current data center capacity, with a further 24MW under development, all in locations served by the PJM energy market.
DCD previously reported that Mawson signed a 20MW lease with an unnamed AI customer in January 2025, including an LOI for a potential expansion to 144MW, and later signed a 64MW digital colocation deal with Canaan.
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