Mawson Infrastructure Group Inc. Announces the Appointment of Craig Hibbard as Chief Development Officer

Rhea-AI Summary

Mawson Infrastructure Group (OTCQB:MIGI) has appointed Craig Hibbard as Chief Development Officer (CDO). Hibbard brings over 15 years of executive experience, previously working with Iris Capital and managing projects valued at over $700 million. His role will focus on project deployment across Mawson’s facilities in the US and Australia. CEO James Manning expressed optimism about Hibbard’s extensive development experience aiding the company's growth in the digital infrastructure sector as it expands operations.

Positive

• Craig Hibbard's appointment as CDO may bring fresh leadership and development experience to Mawson.
• Hibbard's past achievements include managing projects worth over $700 million, which could enhance Mawson's project execution.

Negative

• Concerns may arise regarding the continuity of leadership experience as Hibbard transitions into the new role.

Craig Hibbard joins Mawson from Iris Capital

SYDNEY--(BUSINESS WIRE)-- Mawson Infrastructure Group Inc. (OTCQB:MIGI) (“Mawson”), a digital infrastructure provider with diversified operations across bitcoin mining and digital asset management, is pleased to announce it has appointed Craig Hibbard as Chief Development Officer (CDO).

Craig has over 15 years’ experience in senior executive roles across property, development and real estate sectors in Australia, having worked at Iris Capital, Property Partnership Australia (PPA) and Merivale respectively. Craig was previously responsible for the roll out of major projects including the development of Newcastle CBD’s East End, multiple mixed use and land subdivision sites along with an extensive asset portfolio recapitalization program, cumulatively valued at over $700million, and at Mawson will be responsible for project deployment across the US and Australian facilities.

Craig Hibbard, CDO of Mawson, said, “Mawson Infrastructure is rolling out material projects in both the US and Australia over the coming years, it is exciting to be part of this rapidly growing business. I look forward to bringing an accelerated view to delivering projects across multiple sites in the portfolio at a pivotal growth phase of the business.”

James Manning, CEO and Founder of Mawson, said, "We are delighted to have appointed Craig as CDO of Mawson. Craig brings a huge amount of development experience from his previous roles at Iris Capital, PPA and Merivale, all of which will be incredibly valuable as we expand our facilities in both the US and Australia in 2021 and beyond.”

About Mawson Infrastructure
Mawson Infrastructure is a digital infrastructure provider, with diversified operations across Cryptocurrency Mining and Digital Asset Management. Headquartered in Sydney, Australia and operating across the USA and Australia, Mawson Infrastructure’s mission is to build a bridge between the rapidly emerging digital asset industry and traditional capital markets, with a strong focus on shareholder returns. Mawson matches energy infrastructure with next-generation mobile data centre solutions, enabling the proliferation of blockchain technology.

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 SEC on March 1, 2021 and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on August 10, 2021, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210825005456/en/

Investor Contact:

Brett Maas

646-536-7331

brett@haydenir.com

www.haydenir.com

Source: Mawson Infrastructure Group Inc.

FAQ

Who is Craig Hibbard and what is his role at Mawson Infrastructure Group?

Craig Hibbard has been appointed as Chief Development Officer (CDO) at Mawson, bringing over 15 years of development experience.

What are Craig Hibbard's previous accomplishments?

Hibbard previously managed projects valued over $700 million, demonstrating significant expertise in property and real estate development.

What impact might Craig Hibbard's appointment have on Mawson's future?

His extensive experience in development may enhance Mawson's capability to execute projects efficiently as the company expands.