Business
Big Digital Energy, Inc. Announces Colocation Agreement with the Endeavor Group
Transaction Expected to Fill Capacity, Drive Near-Term Revenue Growth, and Increase Cash Flows; Demonstrate Management’s Commitment to Shareholders MIDLAND,
About this update from Big Digital Energy, Inc.
[{"type":"text","content":"Transaction Expected to Fill Capacity, Drive Near-Term Revenue Growth, and Increase Cash Flows; Demonstrate Management’s Commitment to Shareholders\nMIDLAND, Pa., April 27, 2026 (GLOBE NEWSWIRE) -- Big Digital Energy, Inc. (“Big Digital” or the “Company”) (Nasdaq: MIGI; expected to change to “BGDE” on April 30, 2026), formerly known as Mawson Infrastructure Group Inc., today announced that it has entered into a strategic colocation agreement with an affiliate of the Endeavor Group (“Endeavor”). 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. Phil Stanley, Chief Executive Officer of Big Digital, commented, “This agreement demonstrates how the new management team at Big Digital is aggressively working to unearth new revenue streams and maximize the utility of our assets. By leveraging our existing infrastructure and partnering with a well-capitalized counterparty, we’re able to rapidly bring incremental capacity online in a capital-efficient manner. This is the first of many transactions we expect to undertake as we focus on accelerating revenue growth, expanding our operational footprint, enhancing overall profitability, and creating value for our shareholders.” Joshua Kilgore, Executive Chairman of Big Digital, stated, “We are committed to the long-term performance of Big Digital and have structured this transaction to demonstrate our commitment. This arrangement: (1) rapidly enhances Big Digital’s cash flows, (2) does not require Big Digital to deploy capital or incur liabilities, (3) provides Big Digital with an above market profit-sharing arrangement, and (4) is only profitable for Endeavor if Big Digital’s shares appreciate materially.” The transaction was reviewed and unanimously approved by the independent members of the Company’s Audit Committee. All directors and officers with an ownership interest in Endeavor recused themselves from a...