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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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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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Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a total monthly revenue equivalent of 110 BTC1 in October 2023. The company also signed a new co-location customer agreement for around 50 MW and 15,876 miners. Mawson is focused on optimizing revenue and margin across its three primary businesses – Bitcoin self-mining, co-location services, and energy management.
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Mawson Infrastructure Group Inc. (NASDAQ: MIGI) announced a 41% increase in self-mined Bitcoin revenue and a 35% increase in Bitcoin mined to $6.9 million and 246 BTC, respectively, for Q3 FY 2023. Total Quarterly Revenue increased to $11.3 million, while SG&A Expenses decreased 42% Q/Q. The company also announced a new co-location customer agreement and upcoming conferences and events.
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Mawson Infrastructure Group Inc. signs co-location agreement with Consensus Technology Group LLC for about 15,876 Bitmain Antminer S19 XP miners and approximately 50 MW of power.
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Mawson Infrastructure Group has signed a customer co-location agreement with Consensus Technology Group for the provision of co-location services for approximately 15,876 Bitmain Antminer S19 XP miners or approximately 50 MW at Mawson's Midland, Pennsylvania facilities. The agreement is for 12 months with the possibility of extension.
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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 $1.449 as of November 4, 2024.
What is the market cap of Mawson Infrastructure Group (MIGI)?
The market cap of Mawson Infrastructure Group (MIGI) is approximately 27.8M.
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
27.83M
18.55M
20.77%
6.69%
3.38%
Capital Markets
Finance Services
United States of America
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