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Mawson Infrastructure Group Inc is a digital infrastructure provider, with diversified operations across Cryptocurrency Mining and Digital Asset Management. The company's mission is to build a bridge between the rapidly emerging digital asset industry and traditional capital markets, focusing on shareholder returns. Mawson operates in a single segment surrounding its digital currency mining operation, offering digital currency or Bitcoin self-mining, customer co-location services, and energy markets.
Its CEO Rahul Mewawalla announced a strong operational update for March and April 2024, highlighting significant revenue growth and expansion plans at the Midland facility. With approximately 109 MW of total power capacity, Mawson seeks to enhance its self-mining and co-location services to meet the growing demand for digital infrastructure business services.
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Mawson Infrastructure Group Inc. reported a significant increase in total revenue for March 2024, with a doubling of revenue and 100% year-over-year growth compared to March of the previous year. The March self-mining business revenue saw an impressive 182% year-over-year increase, while the co-location business revenue also experienced a substantial 54% year-over-year growth.
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Mawson Infrastructure Group Inc. appoints Ryan Costello as the new Board Chair, emphasizing a focus on U.S. operations and growth opportunities. Costello's background in Congress and experience with Mawson positions the company for continued success and stability in a volatile sector.
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Mawson Infrastructure Group Inc. (MIGI) reports a strong Q4 2023 with a 24% increase in total quarterly revenue to $14.02 million. Co-Location Business Revenue grew by 52% Q/Q and Energy Management Business Revenue by 64% Q/Q, marking a transformative year for the company.
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MIGI reports a significant 30% growth in total co-location services business, showcasing strong market performance and potential for investors.
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MIGI reports impressive financial growth with total revenue up 141% year-over-year. Self-mining business revenue also surged by 159% year-over-year and 23% month-over-month in February.
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MIGI announces a remarkable 3X growth in total revenue compared to January last year, with a significant revenue increase.
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Mawson Infrastructure Group Inc. (NASDAQ:MIGI) has signed a new co-location agreement with Faith Technologies Incorporated for approximately 1,176 miners or 4 MW at Mawson’s Midland, Pennsylvania facilities. This agreement is the third co-location customer agreement executed by Mawson since the start of Q4, 2023, developing a multi-customer base for Mawson’s co-location business and providing additional growth opportunities. The company anticipates its Midland facilities operating at a total capacity of 100 MW with the combined potential for self-mining and co-location fleets at its Midland facilities comprising approximately 32,930 miners and 3.8 EH/s. Mawson’s facilities are expected to have a capacity of 100 MW with self-mining and the total co-location platforms combined.
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In December, MIGI's co-location and self-mining business revenue saw substantial month-over-month increases of 34% and 27% respectively. Additionally, the company completed its second co-location customer deployment of approximately 6 MW and 1,764 miners, contributing to the growth in total revenue.
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Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a 47% increase in total revenue for November 2023. The company completed a co-location customer deployment of approximately 50 MW and 15,876 miners, and signed an additional co-location customer for approximately 6 MW and 1764 miners. CEO Rahul Mewawalla expressed excitement about the company's growth prospects in the co-location business for December 2023 and beyond.
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Mawson Infrastructure Group (MIG) signs new customer agreement for 1,764 miners with provision for expansion, expecting full deployment by year-end, with a total capacity of 35,624 miners.
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FAQ
What is the current stock price of Mawson Infrastructure Group (MIGI)?
The current stock price of Mawson Infrastructure Group (MIGI) is $1.67 as of November 21, 2024.
What is the market cap of Mawson Infrastructure Group (MIGI)?
The market cap of Mawson Infrastructure Group (MIGI) is approximately 32.1M.
What is Mawson Infrastructure Group Inc's primary focus?
Mawson Infrastructure Group Inc focuses on providing digital infrastructure services through Cryptocurrency Mining and Digital Asset Management.
What are the three primary businesses of Mawson Infrastructure Group Inc?
The company's primary businesses include digital currency or Bitcoin self-mining, customer co-location services, and energy markets.
Who is Mawson Infrastructure Group Inc's CEO?
Rahul Mewawalla is the CEO and President of Mawson Infrastructure Group Inc.
What did the CEO highlight in the operational update for March and April 2024?
The CEO highlighted significant revenue growth and expansion plans at the Midland facility.
What is the total power capacity of Mawson Infrastructure Group Inc's operating sites?
Mawson Infrastructure Group Inc's operating sites have approximately 109 MW of total power capacity.
What is Mawson Infrastructure Group Inc's mission?
The company's mission is to build a bridge between the digital asset industry and traditional capital markets, focusing on shareholder returns.
Where can I learn more about Mawson Infrastructure Group Inc's operations?
For more information about Mawson Infrastructure Group Inc's operations, visit their official website at https://www.mawsoninc.com.
What are Mawson Infrastructure Group Inc's expansion plans?
The company plans to expand its Midland facility near Pittsburgh to meet the growing demand for digital infrastructure business services.
What are the key services offered by Mawson Infrastructure Group Inc?
Mawson Infrastructure Group Inc offers digital currency or Bitcoin self-mining, customer co-location services, and energy markets.
How does Mawson Infrastructure Group Inc plan to accelerate the digital economy?
Mawson Infrastructure Group Inc uses innovation, technology, and operational expertise to optimize digital infrastructure and accelerate the digital economy.
Who are the new hires at Mawson Infrastructure Group Inc?
Anurag Gandhi, Director of Corporate Strategy, and Vikram Murali, Director of Corporate Development, have joined the Mawson team to lead strategic and growth activities for the company.
Mawson Infrastructure Group Inc.
Nasdaq:MIGI
MIGI Rankings
MIGI Stock Data
32.08M
14.89M
20.77%
7.92%
3.79%
Capital Markets
Finance Services
United States of America
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