Big Digital Energy, Inc. has acquired land for a planned data center campus outside the Dallas-Fort Worth area of Texas.
The Nasdaq-listed company, previously known as Mawson Infrastructure Group, this week announced it had entered into a 50:50 joint venture with energy-infrastructure company 10NetZero, with a signed a letter of intent to acquire a powered industrial site in Hood County, Texas.
The companies aim to develop the Texas site into a large-scale data center campus serving artificial intelligence tenants.
The 50-acre Hood County site contains more than 30,000 square feet (2,787 sqm) of existing structures the partnership intends to repurpose for data center use. The site has 17MW of operational power, reportedly upgradable to 111MW of grid power. The site also has the option to add behind-the-meter natural gas power, potentially taking the site to 311MW.
Full details of the exact location of the acquired site haven’t been shared, 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 US-based energy-infrastructure company that designs, builds, and operates behind-the-meter power generation and data center facilities. The firm focused on converting stranded, flared, and otherwise wasted natural gas into electricity at the source through its Digital Midstream platform.
Big Digital has also engaged Northland Capital Markets to act as a financial advisor to help evaluate potential AI/high-performance computing uses for the company’s power assets, including site-level financing and partnership opportunities.
The company also 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 cryptominer, Big Digital describes itself as a digital infrastructure company providing services across AI, high-performance computing, digital assets, and other intensive compute applications.
The company manages around 129MW of current data center capacity, with 40MW more under development, primarily within the PJM Interconnection market. The company operates sites in Midland (120MW) and Bellefonte (9MW), Pennsylvania, and has one 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.
These assets span live sites in Iowa (x2, totaling 17MW) and Wildcat, Kansas (10MW), collectively expandable to 94MW, while a 30MW site is in development in Houston, Texas.
Six Thirty also has three more sites in the pipeline across Texas (Dallas, Mustang, and ‘South Texas’) totaling 81MW – with a further 74MW available in Mustang – and a 300MW site planned in Oklahoma.