Mawson Infrastructure Group Inc. - MIGI STOCK NEWS

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.

Mawson Infrastructure Group (NASDAQ:MIGI) announces an expansion of its Sandersville, Georgia Bitcoin mining facility from 80 to 230 Megawatts (MW), enabling up to 7.5 Exahash (EH) capacity. This decision follows successful infrastructure studies and reflects a growing partnership with local authorities. The facility aims to be operational by Q3 2023, utilizing predominantly nuclear and hydro energy. Mawson is committed to sustainability through Carbon and Renewable Energy Credits to achieve its Net Zero goals.

Mawson Infrastructure Group (NASDAQ:MIGI) announced a significant co-location agreement with Celsius Mining for a 100 megawatt (MW) hosting facility. This partnership marks Mawson's position as one of the largest Nasdaq-listed Bitcoin mining ASIC hosting companies. The mining hardware is expected to be deployed by the end of Q1 2022, increasing Mawson's total hosting capacity to approximately 102 MW. Mawson has also issued 3,850,000 warrants to Celsius Mining at $6.50 per share. The company anticipates achieving 3.35 exahash (EH) in Bitcoin self-mining by Q2 2022 and aims for 5 EH by early Q1 2023.

Mawson Infrastructure Group (NASDAQ:MIGI) has inaugurated a 100 Megawatt Bitcoin mining facility in Beaver County, Pennsylvania, aimed at enhancing local energy resources. The initiative includes community support efforts alongside a partnership with Voltus to supply energy to the PJM Interconnection grid. CEO James Manning emphasized the company's commitment to being a good corporate citizen. The Pennsylvania Department of Community and Economic Development welcomed Mawson's contributions to the community and job creation. Mawson aims to leverage sustainable practices in its digital infrastructure business.

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) has announced a strategic partnership with Cosmos Asset Management and Purpose Investments to introduce new digital asset investment opportunities targeting Australian investors. Purpose Investments, managing approximately $14 billion in assets, is known for launching the world’s first spot Bitcoin ETF. The partnership aims to innovate within the digital asset ETF sector, expanding choices for Australian investors seeking exposure to this emerging asset class. This collaboration highlights the growing demand for digital asset investments in Australia.

Mawson Infrastructure Group (NASDAQ:MIGI) reported a strong operational update for January 2022, producing 140 Bitcoin and achieving an average hash rate of approximately 0.9 EH, increasing to 1.1 EH by the end of the month. The company anticipates its self-mining hash rate will reach 1.35 EH by February, with production estimated at 6.5 Bitcoin per day. The firm is expanding its facilities in Georgia, Pennsylvania, and Australia, aiming for a total hash rate of 3.35 EH by Q2 2022 and 5 EH by early Q1 2023.

Mawson Infrastructure Group (NASDAQ:MIGI) has appointed Heath Donald as Chief Marketing Officer and Tom Hughes as General Counsel. Both bring extensive experience to their roles, with Hughes holding over 15 years in legal positions, previously serving at HUB24 Ltd, while Donald has over 20 years in technology and marketing, having founded No Names Digital Inc. CEO James Manning expressed confidence in their contributions as the company expands operations in the USA and Australia, focusing on digital infrastructure and sustainable practices.

Mawson Infrastructure Group (NASDAQ:MIGI) partners with Voltus to deliver up to 100MW of energy resources to the PJM Interconnection grid in 2022. A new Bitcoin mining facility is being established in Midland, Pennsylvania, aiming to bring 50MW online by March 2022 and another 50MW by June 2022. The company has signed a 5-year Power Purchase Agreement with Energy Harbor for 100% carbon-free energy at this facility. This collaboration enhances Mawson's digital infrastructure strategy while supporting grid reliability and promoting sustainable energy use.

Mawson Infrastructure Group (NASDAQ: MIGI) and Voltus, Inc. announce plans for a new 100 megawatt cryptomining facility in Midland, Pennsylvania, aimed at reducing energy consumption and environmental impacts by utilizing distributed energy resources (DER) software. The facility aims to bring 50 MWs online by March 2022 and an additional 50 MWs by June 2022, contributing to the PJM electricity grid. This strategic partnership positions Mawson as a leader in sustainable energy and digital infrastructure as it seeks to enhance efficiency in cryptomining while supporting grid reliability.