Big Digital Energy, Inc., a Nasdaq-listed digital infrastructure company formerly known as Mawson Infrastructure Group, has acquired land for a planned large-scale data center campus outside the Dallas-Fort Worth area in Texas, marking its strategic expansion beyond the PJM interconnection market. The move underscores the company’s pivot from cryptocurrency mining to artificial intelligence infrastructure development.
The company announced this week that it has entered into a 50:50 joint venture with energy-infrastructure firm 10NetZero and signed a letter of intent to acquire a powered industrial site in Hood County, Texas. The partnership aims to transform the 50-acre property into a major data center campus designed to serve AI tenants. The site currently features more than 30,000 square feet (2,787 square meters) of existing structures that the joint venture plans to repurpose for data center operations, accelerating the development timeline compared to greenfield projects.
The Hood County site already has 17 megawatts of operational power, which the companies say is upgradable to 111 megawatts of grid power. Additionally, the site offers the option to add behind-the-meter natural gas generation, potentially scaling total capacity to 311 megawatts. Full details of the exact location have not been disclosed, though the firm has shared an image of the plot.
Josh Kilgore, chairman of Big Digital, said: “Our planned acquisition of the 50 percent interest in the Hood County site and partnership with 10NetZero is a prime example of our efforts to leverage our powered land expertise and pipeline to identify and acquire attractive AI-ready sites. The planned transactions illustrate management’s commitment to accelerating the Company’s transition into an AI data center developer and operator in order to maximize value to all Big Digital stakeholders.”
Cody Smith, COO of Big Digital, added: “The Hood County site would give us live power and a path to up to hundreds of megawatts, which would let us deliver capacity to AI customers years ahead of a comparable greenfield project. Partnering with 10NetZero would pair that site with deep energy-infrastructure capability, and we intend to move quickly.”
10NetZero is a U.S.-based energy-infrastructure company that designs, builds, and operates behind-the-meter power generation and data center facilities. The firm focuses on converting stranded, flared, and otherwise wasted natural gas into electricity at the source through its Digital Midstream platform, a capability that could prove critical for powering energy-intensive AI workloads.
Big Digital has also engaged Northland Capital Markets as a financial advisor to help evaluate potential AI and high-performance computing uses for the company’s power assets, including site-level financing and partnership opportunities. The company said it is actively evaluating expansion opportunities within its current powered land portfolio as well as potential acquisitions from the private powered land portfolio of an affiliate of its executive management team.
Founded as a cryptocurrency miner, Big Digital now describes itself as a digital infrastructure company providing services across AI, high-performance computing, digital assets, and other intensive compute applications. The company currently manages around 129 megawatts of data center capacity, with an additional 40 megawatts under development, primarily within the PJM Interconnection market. Its existing sites include operations in Midland (120MW) and Bellefonte (9MW), Pennsylvania, and a development in Corning (24MW), Ohio.
The company rebranded from the Mawson name in May amid an attempted takeover by investor group Endeavor. Now leading the company, Endeavor’s executives noted in Big Digital’s latest presentation that they also operate a portfolio of mining sites through their Six Thirty AI venture. Those assets span live sites in Iowa (two sites totaling 17MW) and Wildcat, Kansas (10MW), collectively expandable to 94MW, while a 30MW site is under development in Houston, Texas. Six Thirty also has three more sites in the pipeline across Texas—in Dallas, Mustang, and “South Texas”—totaling 81MW, with a further 74MW available in Mustang, and a 300MW site planned in Oklahoma.
This acquisition signals a broader industry trend of former cryptocurrency miners repurposing their power assets and land holdings to meet surging demand for AI and high-performance computing infrastructure, particularly in energy-rich regions like Texas that offer grid access and behind-the-meter generation options. The joint venture with 10NetZero positions Big Digital to move rapidly in a competitive market where speed to capacity is a critical advantage for attracting hyperscale AI tenants.
Source: datacenterdynamics