Big Digital Energy Partners With 10NetZero to Develop 311 MW AI Datacenter Campus in Hood County, Texas

Big Digital Energy, Inc. (NASDAQ: BGDE), a developer and operator of next-generation digital infrastructure, announced on July 6, 2026 a 50/50 joint venture with energy-infrastructure company 10NetZero, alongside a signed letter of intent to acquire a live-powered industrial site in Hood County, Texas. The partnership targets a phased buildout of up to 311 MW of AI datacenter capacity. The deal marks a significant step in Big Digital’s strategic pivot away from Bitcoin mining toward high-value AI and HPC infrastructure—a transformation the company formalized just months ago when it rebranded from Mawson Infrastructure Group.

Power Is the Scarcest Asset in AI Infrastructure—This Site Already Has It

The central value proposition of the Hood County acquisition is speed to power. The approximately 50-acre site already carries 17 MW of operational electricity. It also holds validated headroom to expand to 111 MW of grid-connected capacity through ERCOT, Texas’s grid operator. Beyond that, three natural-gas pipelines run through the property—two 12-inch lines and one 20-inch line—enabling behind-the-meter generation that could push total operating capacity to 311 MW. For context, securing new grid interconnection for an AI datacenter in most U.S. markets currently takes three to seven years. A site with live power and documented expansion headroom compresses that timeline dramatically, which COO Cody Smith acknowledged directly, noting the site would let the company deliver capacity to AI customers years ahead of a comparable greenfield project.

10NetZero’s Digital Midstream Platform Fills the Generation Gap

Big Digital brings the powered land. 10NetZero brings the behind-the-meter generation capability. Through its Digital Midstream™ platform, 10NetZero designs, builds, and operates power generation facilities that convert stranded, flared, and otherwise wasted natural gas into electricity at the source—without relying on traditional pipeline or grid infrastructure. That capability is precisely what unlocks the gap between the site’s 111 MW of grid headroom and its 311 MW theoretical ceiling. In the context of AI datacenters, behind-the-meter generation has become an increasingly attractive model: it sidesteps queue-congested grid interconnections, reduces exposure to volatile utility pricing, and lets operators structure power costs as a known variable. Pairing 10NetZero’s generation expertise with Big Digital’s existing operational footprint gives the joint venture a complete infrastructure stack from site to socket.

The Rebrand From Mawson Reflects a Deeper Strategic Transformation

Big Digital Energy did not arrive at this deal as an established AI infrastructure player. The company operated for years as Mawson Infrastructure Group, primarily as a Bitcoin mining operator. In early 2026, following a governance dispute with The Endeavor Investor Group that ended in a cooperation agreement, Mawson reconstituted its board and installed new executive leadership in April 2026. The company rebranded to Big Digital Energy on April 24, 2026, changing its ticker from MIGI to BGDE on April 30. Alongside that rebrand, the company disclosed a Nasdaq delisting determination—triggered by stockholders’ equity falling below the $2.5 million listing requirement as of December 31, 2025—though it stated it had already returned to compliance and planned to request a hearing. Investors should weigh this regulatory history when evaluating the company’s execution risk.

A Series of Deals Builds Out the AI Infrastructure Footprint

The Hood County JV fits into a broader series of moves Big Digital has executed since the rebrand. In May 2026, the company signed a 75 MW colocation agreement with an Endeavor affiliate, under which Endeavor will deliver roughly 25,000 mining computers and Big Digital will provide the compute capacity across its existing sites on a 50/50 profit-sharing arrangement. The company also engaged Northland Capital Markets to advise on AI/HPC uses for its power assets, including site-level financing and partnership structures. Taken together, these transactions begin to build a credible commercial pipeline around the company’s 129 MW of existing operational capacity—now set to grow to 146 MW upon completion of the Hood County acquisition. Chairman Josh Kilgore framed the deal as an example of the company leveraging its powered land expertise to identify and acquire AI-ready sites ahead of demand.

The Hood County Site in Context: Structure and Repurposing Plan

The site itself offers more than raw power. It contains over 30,000 square feet of existing structures that the partnership intends to repurpose for datacenter use, along with an administrative office that will serve as the Command Center. Repurposing existing industrial infrastructure rather than building from scratch reduces both capital intensity and permitting timelines—two friction points that have slowed greenfield AI datacenter projects across the country. The 50/50 joint venture structure splits both the capital burden and the upside between Big Digital and 10NetZero, limiting balance sheet strain for a company still working through its financial turnaround. The acquisition remains subject to a definitive agreement, and the full 311 MW buildout is subject to ERCOT validation and behind-the-meter generation feasibility.

Strategic Investment Summary

• Transaction: Big Digital Energy (NASDAQ: BGDE) and 10NetZero signed a letter of intent on July 6, 2026 to acquire a live-powered Hood County, Texas site in a 50/50 joint venture targeting up to 311 MW of AI datacenter capacity.
• Power Advantage: The 50-acre site carries 17 MW of operational power today, expandable to 111 MW via ERCOT grid headroom and up to 311 MW with behind-the-meter natural-gas generation from three on-site pipelines.
• Partner Capability: 10NetZero’s Digital Midstream™ platform converts stranded and flared natural gas into on-site electricity, filling the generation gap between grid headroom and the site’s full capacity ceiling.
• Strategic Pivot: Big Digital rebranded from Mawson Infrastructure Group in April 2026 following a governance overhaul, shifting its focus from Bitcoin mining to AI/HPC infrastructure with 129 MW of existing operational capacity.
• Regulatory Risk: Nasdaq issued a delisting determination against the company in April 2026 for falling below the $2.5 million stockholders’ equity threshold; the company stated it had returned to compliance and requested a hearing.
• Footprint Growth: Completion of the Hood County acquisition would bring Big Digital’s total operational MWs to 146 MW, alongside a separate 75 MW colocation deal with an Endeavor affiliate signed in May 2026.
• Capital Structure: The 50/50 JV structure limits Big Digital’s upfront balance sheet exposure, while Northland Capital Markets has been engaged to advise on site-level financing and partnership opportunities across the broader powered land portfolio.

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