Mawson Infrastructure Group Inc. Announces June 2022 Bitcoin Self-Mining, Hosting Co-location and Operational Update
Mawson Infrastructure Group (NASDAQ:MIGI) reported a significant increase in Bitcoin production for June 2022, producing 127 Self-Mined Bitcoin, up 140% compared to June 2021. The company’s Self-Mining and Hosting Co-location capacity rose to approximately 3.1 Exahash, expected to increase to 3.5 Exahash by the end of July. Mawson has over 40,000 ASIC Bitcoin Miners deployed. In July, the company strengthened its balance sheet with $10 million in new capital, crucial due to the Chapter 11 filing of its major hosting customer, Celsius Mining LLC.
- In June, Mawson produced 127 Bitcoin, a 140% increase year-over-year.
- Self-Mining and Hosting Co-location capacity increased to approximately 3.1 Exahash, projected to reach 3.5 Exahash by end of July.
- Over 40,000 ASIC Bitcoin Miners are currently deployed, enhancing operational capacity.
- $10 million in new capital raised in July strengthens the balance sheet.
- The hosting agreement with Celsius Mining LLC is in jeopardy due to their Chapter 11 filing.
Mawson produced 127 Self-Mined Bitcoin in
Mawson Self-Mining and Hosting Co-location operating capacity at approximately 3.1 Exahash as at end June, expected to rise to approximately 3.5 Exahash by end
Mawson now has approximately 40,000 ASIC Bitcoin Miners deployed at its facilities across its Self-Mining and Hosting Co-location businesses
Balance sheet strengthened in July with
View of
Mawson Self-Mining and Hosting Co-location operational capacity at approximately 3.1 Exahash as at end of June, expected to rise to approximately 3.5 Exahash by end of
Bitcoin Self-Mining Update:
-
In
June Mawson produced 127 Bitcoin, +140% vsJune 2021 -
June average hash rate at approximately 1.0 Exahash, +
260% vsJune 2021 - Mawson Self-Mining delivered and fully paid for operational mining capacity approximately 2.3 Exahash, expected to be operating at reduced average hash rate levels in July given active participation in energy demand response programs
Hosting Co-location Update:
-
Mawson Hosting Co-location at 54 megawatts online end of June, expected to rise to approximately 67 megawatts online by end of July (+
24% vsJune 2022 ), as Mawson’s hosting co-location business continues its deployment, providing an additional revenue stream for the company, paid in USD, over and above Mawson’s Bitcoin Self-Mining business unit.
Operational Update:
In
Balance Sheet Strengthened in July:
In
About
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20220722005349/en/
Investor Contact:
646-536-7331
brett@haydenir.com
www.haydenir.com
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