Mawson Infrastructure Group Inc. - MIGI STOCK NEWS

Mawson Infrastructure Group (MIGI) has expanded its flagship site in Georgia, USA, by 11.3 acres, enhancing its bitcoin mining operations. This expansion includes updated power infrastructure to support the existing 3EH of ASIC bitcoin mining hardware. Mawson plans to increase power capacity to 100MW as construction progresses, with phase 3 planned within the next year. CEO James Manning expressed satisfaction with the extended lease and the opportunity for growth, aiming for a target of 5EH by early 2023.

Mawson Infrastructure Group (OTCQB:MIGI) has released an Investor Presentation providing updates on its expanding bitcoin mining operations in the USA and Australia. The company focuses on bridging the gap between the digital asset industry and traditional capital markets while aiming for strong shareholder returns. Mawson's diversified operations include cryptocurrency mining and digital asset management. The presentation is available on their website, highlighting their commitment to enhancing digital infrastructure.

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.

Mawson Infrastructure Group (OTCQB:MIGI) has appointed Hetal Majithia as its new Chief Financial Officer. With over 10 years of experience as a chartered accountant at PwC and KPMG, Hetal holds an Honours degree in Economics from the University of Southampton. CEO James Manning expressed confidence in her ability to drive value as the company expands its global operations. Mawson operates across cryptocurrency mining and digital asset management, focusing on bridging the digital asset industry and traditional capital markets.

Mawson Infrastructure Group (OTCQB:MIGI) has purchased an additional 17,352 ASIC bitcoin miners from Canaan (NASDAQ:CAN), enhancing its mining capacity by over 1.5EH. These miners, Avalon A1166 and A1246 models, will be deployed in the USA and Australia, with operations beginning in Q4 2021 and extending into 2022. CEO James Manning expressed satisfaction with the partnership and reaffirmed the company’s goals of reaching 2000 PH by the end of 2021 and 5000 PH by 2022. Mawson aims to connect digital assets with traditional capital markets, emphasizing shareholder returns.

Mawson Infrastructure Group (OTCQB:MIGI) has successfully completed an oversubscribed private offering of approximately US$37 million in common stock, backed by institutional and high net worth investors. The funds will be utilized to expand its bitcoin mining operations, specifically through acquiring additional ASIC mining hardware and enhancing infrastructure. CEO James Manning emphasized Mawson's commitment to efficient capital use and reiterated its growth targets of 2000 PH by the end of 2021 and 5000 PH by the end of 2022, marking a strategic step in their expansion in the digital asset sector.

Mawson Infrastructure Group (OTCQB:MIGI) has announced significant hardware acquisitions to enhance its digital infrastructure capabilities. The company received 250 Bitmain Antminer S19 Pro miners and expects 1,158 Avalon A1246 miners from Canaan before August. This expansion is projected to add ~125 PH to its existing operations. At its Georgia site, Mawson anticipates a break-even cost of under $4,000 per Bitcoin, with gross margins exceeding 80%. The company's renewable energy use aligns with its Net Zero 2030 strategy, aiming for a total capacity of 5,000 PH by the end of 2022.

Mawson Infrastructure Group (OTCQB:MIGI) has submitted an application to list its shares on the Nasdaq Capital Market. The listing is contingent on Nasdaq's approval and meeting regulatory requirements. CEO James Manning emphasized that this move aims to enhance liquidity, corporate visibility, and shareholder value, following the company's reverse-merger to the OTC Market in March. Mawson is focused on bridging digital assets with traditional capital markets through its diversified operations in cryptocurrency mining and digital asset management.

Mawson Infrastructure Group (OTCQB:MIGI) has increased its ownership in Luna Squares LLC from 50% to 90%, acquiring an additional 40%. This strategic move secures Mawson's position in a rapidly growing bitcoin mining facility located in Georgia, USA, which has expanded from 3MW to over 12MW in capacity by mid-2021. The facility has over 100MW of future power capacity to support both third-party clients and Mawson’s proprietary operations. CEO James Manning emphasizes the facility's importance as a cornerstone of Mawson's business.