Big Digital Energy Inc. (NASDAQ: MIGI) announced it entered into a colocation agreement with an affiliate of the Endeavor Group, which consists of certain members of the company's management team.

Under the agreement, Endeavor will purchase and deliver approximately 25,000 mining computers while Big Digital provides approximately 75MW of compute capacity. The companies will operate under a 50/50 profit-sharing arrangement where Big Digital receives 100% of cash proceeds from the miners, and Endeavor receives compensation through a mix of Big Digital common stock shares and warrants.

The transaction constitutes a related party agreement since Endeavor is owned and controlled by Big Digital's Executive Chairman Josh Kilgore, CEO Phil Stanley, and COO Cody Smith. These executives collectively own 29% of Big Digital's common stock, according to regulatory filings.

Big Digital's independent audit committee members reviewed and unanimously approved the transaction. Directors and officers with ownership interests in Endeavor recused themselves from deliberations and voting. The consideration will be based on the market value of mining computers and a volume-weighted average price of the common stock as of the agreement date.

The company expects deployment of mining computers to begin promptly using available capacity across Big Digital's existing infrastructure. Big Digital operates 129 megawatts of capacity currently online with additional capacity under development.

Big Digital, formerly known as Mawson Infrastructure Group Inc., expects its ticker symbol to change from MIGI to BGDE on April 30, 2026. The company provides digital infrastructure services including artificial intelligence, high performance computing, and Bitcoin mining operations.