Mawson Infrastructure Group Inc. - MIGI STOCK NEWS

Mawson Infrastructure Group (NASDAQ:MIGI) has announced a webcast scheduled for May 16, 2022, at 5:00 p.m. Eastern Time to discuss its first-quarter 2022 results. An investor presentation will be accessible on their website before the call. U.S. callers can dial 1-877-407-4018, while international callers should use 1-201-689-8471, referencing conference ID 13729849. A replay of the call will be available from May 16, 2022, at 8:00 p.m. ET until May 30, 2022.

Mawson Infrastructure Group (NASDAQ:MIGI) reported record Bitcoin production in March 2022, generating 170 Bitcoins, a 336% increase compared to March 2021. The company's self-mining operations improved to approximately 1.35 Exahash by month-end, with expectations to reach 1.5 Exahash by the end of April, producing an estimated 6.6 Bitcoins per day. Mawson also expanded its Hosting Co-location capacity significantly, moving to 16 megawatts operational and planning to scale to 40 megawatts by the end of April. Additionally, a facility in Sandersville, Georgia, received approval for expansion to 230 megawatts.

Mawson Infrastructure Group (NASDAQ:MIGI) reported significant financial growth for FY 2021. Revenue surged by 886% to $43.9 million, with gross profit skyrocketing 2,526% to $34.0 million. The fourth quarter alone saw revenue of $19.6 million, a 79% increase from Q3 2021. Key developments included mining 808 Bitcoin, launching its first Australian facility, and expanding operations in Georgia and Pennsylvania. Looking ahead, Mawson aims to reach 5.5 Exahash by early Q1 2023 and expand its hosting co-location business.

Mawson Infrastructure Group (NASDAQ:MIGI) reported record financial results for FY 2021, achieving $43.9 million in revenue, a notable 886% increase from FY 2020. The company also recorded a gross profit of $34.0 million, up 2,526%. Non-GAAP EBITDA reached $17.9 million. The company produced 808 self-mined Bitcoin during the year. Mawson announced expansions including a new 100-megawatt facility in Pennsylvania and further developments in Georgia and Australia, aiming for 4 Exahash by Q3 2022 and 5.5 Exahash by Q1 2023.

Voltus, Inc. reported a 2021 revenue of $47.4 million, exceeding earlier forecasts by 13% and showing a 94% increase from 2020. The annual gross profit also rose to approximately $19 million, 27% above projection, driven by a growing Distributed Energy Resource (DER) portfolio. The company reaffirmed its financial forecasts and is on track for a business combination with Broadscale Acquisition Corp. (SCLE) in Q2 2022. Investors are invited to join the Virtual Investor Day on March 22 at 10:00 am EDT.

Mawson Infrastructure Group (NASDAQ:MIGI) announces participation in major upcoming investor events, including the Canaccord Genuity Blockchain Infrastructure & Mining Summit on March 17, 2022, and the Sidoti Spring Small Cap Virtual Investor Conference on March 23, 2022. Mawson will also attend the Ladenburg Thalmann Special Crypto Expo on March 24, 2022. These events will feature presentations and 1:1 investor meetings, aimed at showcasing Mawson's digital infrastructure services and commitment to the new digital economy.

Mawson Infrastructure Group (NASDAQ:MIGI) reported a record production of 152 Bitcoin in February 2022, a 300% increase compared to February 2021. Self-mining operations operated at approximately 1.3 Exahash by month-end, reflecting a 550% increase year-over-year. Mawson anticipates reaching 1.5 Exahash by March, generating about 6.8 Bitcoin daily. New hosting contracts with Celsius Mining LLC and Foundry Digital LLC add 112 megawatts. The Sandersville facility expansion to 230 megawatts is underway, indicating significant growth in capacity.

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) has scheduled a webcast for March 21, 2022, at 5:00 p.m. Eastern Time, to discuss its fourth-quarter and annual results for 2021. Investors can access a new presentation on their website before the call. Participants can join via the provided dial-in numbers or through a live webcast. A replay will be available from March 21 to April 4, 2022. Mawson focuses on sustainable energy solutions for digital asset mining, aiming to lead in ESG-focused Bitcoin production.

Mawson Infrastructure Group (NASDAQ:MIGI) has announced a new 12 MW hosting co-location agreement with Foundry Digital LLC, raising its total hosting capacity to 114 MW from 2 MW as of December 31, 2021. The new mining hardware is expected to be deployed by the end of Q1 2022. In FY2021, Mawson generated $850,000 in revenue from hosting customers. CEO James Manning highlighted significant demand for hosting services and emphasized the company's commitment to expanding its operations in the digital infrastructure sector.