Mawson Infrastructure Group Inc. Announces Bitcoin Miner Shipment, Deployment and Operational Update
Mawson Infrastructure Group (NASDAQ:MIGI) has received its final shipment of A1246 ASIC Bitcoin Miners from Canaan, enhancing its operational capacity. The company now operates approximately 40,000 miners with a total output of around 3.1 Exahash, anticipated to increase to 3.35 Exahash by the end of June. Mawson's Australian facility will be fully operational soon, contributing 0.4 Exahash and producing 1.7 Bitcoin daily. Additionally, Mawson has acquired a 33% stake in Tasmania Data Infrastructure by trading miners, positioning itself strategically in the market for future purchases.
- Final shipment of A1246 ASIC Bitcoin Miners received from Canaan.
- Total of approximately 40,000 ASIC miners deployed, operating at about 3.1 Exahash.
- Expected increase to approximately 3.35 Exahash by end of June.
- Australian facility to be fully operational soon, contributing 0.4 Exahash and producing 1.7 Bitcoin daily.
- Acquired 33% stake in Tasmania Data Infrastructure, enhancing market position.
- None.
Final contracted ASIC Bitcoin Miner Shipment from
Mawson now has approximately 40,000 ASIC Bitcoin Miners deployed at its facilities across its Self-Mining and Hosting Co-location businesses
Mawson Self-Mining and Hosting Co-location operating at approximately 3.1 Exahash as at end May, expected to be at approximately 3.35 Exahash by end June
Mawson’s
Mawson has sold approximately 1975 ASIC Bitcoin miners in exchange for
Mawson has now received the final shipment of A1246 ASIC Bitcoin Miners from
Current Bitcoin and broader market movements has seen ASIC Bitcoin Miner pricing fall significantly, placing Mawson in a strong position to acquire new ASIC Bitcoin Miners at attractive prices at the appropriate time.
Mawson now has approximately 40,000 ASIC Bitcoin Miners deployed across its Self-Mining and Hosting Co-location business, operating at a combined total of approximately 3.1 Exahash across all operations.
Mawson’s Hosting Co-location business continues to scale up, with over 56 megawatts rapidly deployed over the last 3 months, providing an additional revenue stream for the company over and above Mawson’s Bitcoin Self-Mining operations.
Mawson’s Australian operations are expected to be fully operational by the end of June, with approximately 5,376 ASIC Bitcoin Miners in place at site, currently operating at 0.2 Exahash, expected to rise to 0.4 Exahash by
Mawson also this month announced it is to become a
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For more information, visit: www.mawsoninc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the
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Investor Contact:
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