Mawson Infrastructure Group Inc. - MIGI STOCK NEWS

Mawson Infrastructure reported a remarkable Q3 2021 with revenue of $10.9 million, reflecting a significant 1100% increase from Q3 2020. The gross profit surged to $8.4 million, up from $44,000 last year. The company successfully listed on the NASDAQ under the ticker ‘MIGI’ and raised $45 million in capital. Key expansions include a new 100MW facility in Pennsylvania and 17,352 additional ASIC bitcoin miners, expected to boost operational capacity significantly.

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) announces the listing of its first product, the Cosmos Global Digital Miners Access ETF (DIGA.CXA), on the Chi-X stock exchange in Australia. This ETF aims to track the performance of the Global Digital Miners Index, managed by Standard & Poor’s, offering investors exposure to leading companies in the cryptocurrency mining sector. CEO James Manning emphasized its significance for Australian investors, allowing them access to cryptocurrency mining without needing to manage multiple direct equities.

Mawson Infrastructure Group (NASDAQ:MIGI) is launching its first Australian data center powered entirely by renewable energy in partnership with Quinbrook Infrastructure Partners. Set to go live in October 2021, this 20MW facility in New South Wales will add approximately 0.4 EH to global operations. Mawson plans to further develop renewable energy assets in both Australia and the US. CEO James Manning emphasized the importance of renewable energy in future data center infrastructure, aligning with the company's focus on sustainable bitcoin mining.

Mawson Infrastructure Group (NASDAQ:MIGI) has announced the purchase of 4,000 latest generation ASIC bitcoin miners, comprising 2,000 MicroBT M30S and 2,000 Canaan Avalon A1166/1246 units. This expansion is expected to boost operational capacity to 3.35EH by Q2 2022, a rise of 11.7% from the current 3EH. CEO James Manning highlighted that this move aligns with their 'infrastructure first' strategy and aims to reach 5EH online by early 2023. The company is focused on sustainable energy and growth following its Nasdaq listing.

Mawson Infrastructure Group has successfully closed its public offering of 3,913,044 shares and 2,250,000 warrants, raising approximately $45 million with a pricing of $11.50 per share. This offering was facilitated by H.C. Wainwright & Co. and will be used for working capital and general corporate purposes. The offering is part of an effective shelf registration statement filed with the SEC. Mawson aims to connect the digital asset industry and traditional capital markets while maintaining a focus on shareholder returns.

Mawson Infrastructure Group (OTCQB:MIGI) announced the pricing of a public offering of 3,913,044 shares and 1,956,522 warrants at $11.50 each, aiming for approximately $45 million in gross proceeds. An additional 30-day option for 586,956 shares and 293,478 warrants is available to the underwriter. The offering closes around October 1, 2021, with shares expected to trade on Nasdaq from September 29, 2021. Proceeds will be used for working capital and general corporate purposes.

Mawson Infrastructure Group (OTCQB:MIGI) announced plans for an underwritten public offering of common stock and warrants. The company aims to list its shares on the Nasdaq Capital Market under the symbol "MIGI". The offering is subject to market conditions, and proceeds will be used for working capital and general corporate purposes. H.C. Wainwright & Co. serves as the book-running manager for the offering. The offering follows a previously filed effective shelf registration statement with the SEC.

Mawson Infrastructure Group (MIGI) has signed a three-year lease for six acres in Midland, Pennsylvania, allowing for up to 100MW of power capacity to support its bitcoin mining operations. The site, which features 50MW of available capacity and options to expand, is set to begin development this month and is expected to become operational in late 2021 or early 2022. Mawson aims to source most of its energy from renewable sources. This strategic location enhances Mawson's aim to achieve 5000 PH by early 2023.

Mawson Infrastructure Group (OTCQB:MIGI) will participate in the BTIG Future of Digital Assets Conference on September 22, 2021, at 10 AM ET. CEO James Manning will provide insights into the company's operations in bitcoin mining and digital asset management during a fireside chat. Mawson, headquartered in Sydney, Australia, focuses on bridging digital assets with traditional capital markets, emphasizing shareholder returns and innovative mobile data center solutions.