The Nasdaq-listed company formerly known as Mawson Infrastructure Group has signed a letter of intent to acquire a powered industrial site in Hood County, Texas, as part of a 50:50 joint venture with energy-infrastructure firm 10NetZero.

The partnership intends to develop the site into a large-scale data center campus targeting artificial intelligence tenants.

Site Details and Power Capacity

The 50-acre Hood County property, located outside the Dallas-Fort Worth area, contains more than 30,000 square feet of existing structures that the partnership plans to repurpose for data center use.

The site currently has 17 MW of operational power, which the companies say is upgradeable to 111 MW of grid power.

An additional option exists to incorporate behind-the-meter natural gas power generation, potentially bringing total site capacity to 311 MW.

Big Digital has not disclosed the precise location of the site, though the company shared an aerial image of the plot alongside its announcement.

The company noted that the existing live power and infrastructure would allow it to deliver capacity to AI customers significantly faster than a comparable greenfield development.

Cody Smith, Chief Operating Officer of Big Digital, said the Hood County site would give the company live power and a path to up to hundreds of megawatts.

He added that partnering with 10NetZero would pair the site with deep energy-infrastructure capability, and that the company intends to move quickly.

The Role of 10NetZero

10NetZero is a US-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 what it calls its Digital Midstream platform.

Its involvement in the Hood County project is intended to bring that behind-the-meter natural gas generation capability to bear on the planned power expansion beyond the site's existing grid connection.

Strategic Rationale and Company Transition

The announcement reflects Big Digital Energy's stated effort to accelerate its transition from a cryptocurrency mining operator into an AI data center developer and operator.

Josh Kilgore, chairman of Big Digital, described the planned acquisition of the 50 percent interest in the Hood County site as an example of the company leveraging its powered land expertise and pipeline to identify and acquire AI-ready sites.

Founded originally as a cryptominer, Big Digital currently describes itself as a digital infrastructure company providing services across AI, high-performance computing, digital assets, and other compute-intensive applications.

The company manages approximately 129 MW of current data center capacity, with an additional 40 MW under development, primarily within the PJM Interconnection market. Its existing operational footprint includes sites in Midland, Pennsylvania, at 120 MW, and Bellefonte, Pennsylvania, at 9 MW, with a development underway in Corning, Ohio, at 24 MW. The Hood County transaction would mark the company's expansion beyond PJM into Texas.

Financial Advisory and Broader Portfolio Evaluation

Alongside the Hood County announcement, Big Digital said it has engaged Northland Capital Markets to act as a financial advisor to help evaluate potential AI and high-performance computing uses for the company's power assets.

That mandate includes exploring 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.

Leadership Transition and the Endeavor Connection

Big Digital rebranded from the Mawson Infrastructure Group name in May following an attempted takeover by investor group Endeavor.

Endeavor's executives are now leading the company, and they also operate a separate portfolio of mining sites through a venture called Six Thirty AI.

Six Thirty AI's assets include live sites in Iowa totaling 17 MW and a 10 MW site in Wildcat, Kansas, collectively described as expandable to 94 MW, while a 30 MW site is in development in Houston, Texas.

The venture also has three additional sites in the pipeline across Texas, in Dallas, Mustang, and a location described as South Texas, totaling 81 MW, with a further 74 MW identified as available in Mustang. A 300 MW site is also planned in Oklahoma, according to Big Digital's latest presentation materials.