Mawson Infrastructure Group Inc. - MIGI STOCK NEWS

Mawson Infrastructure Group (NASDAQ:MIGI) has announced its investment in Tasmania Data Infrastructure Pty Ltd (TDI), becoming a 33% shareholder. TDI is developing a large-scale Bitcoin mining facility powered by 100% renewable energy at the Que River Mine Site in Tasmania, capable of up to 35 megawatts of energy initially, with expansion potential exceeding 100 megawatts. Mawson has exchanged approximately 1975 ASIC Bitcoin miners for its equity position and will host up to 10MW of its own mining capacity at the site. The financial impact will be included in Q2 2022 results.

Mawson Infrastructure Group (NASDAQ:MIGI) announces the listing of the Cosmos-Purpose Bitcoin Access ETF (CBTC), launched on May 12, 2022. This ETF, managed in partnership with Purpose Investments and Gemini Trust, provides Australian investors with access to Bitcoin through a regulated and liquid structure, holding units in the Purpose Bitcoin ETF, which has approximately US$1.2 billion in assets. Mawson remains the largest shareholder of Cosmos Asset Management, underscoring its commitment to facilitating access to digital assets while ensuring compliance with local regulations.

Mawson Infrastructure Group (NASDAQ:MIGI) reported a strong Q1 2022, with revenue of $19.4 million, a 178% increase compared to Q1 2021. The company achieved a gross profit of $11.0 million (up 138%) and a non-GAAP EBITDA of $4.5 million (up 160%). Mawson produced 459 self-mined Bitcoin, a 272% rise year-over-year. The company also upgraded its Self-Mining Exahash targets and signed new hosting customers. Mawson continues to expand with a focus on strategic growth in digital infrastructure.

Mawson Infrastructure Group (NASDAQ:MIGI) announced plans for a new 120 MW Bitcoin mining facility in Texas, aiming for full operation by Q4 2022. The facility, developed through subsidiary Luna Squares Texas LLC, will house four sites with a potential capacity of 4.0 EH of Bitcoin mining. Mawson emphasizes environmental sustainability by utilizing Carbon Credits and Renewable Energy Credits. Collaborating with Texas Pacific Land Corporation (NYSE:TPL) and JAI Energy, Mawson aims to create revenue-sharing opportunities while contributing to Texas's growing Bitcoin mining landscape.

Texas Pacific Land Corporation (NYSE: TPL), Mawson Infrastructure Group Inc. (NASDAQ: MIGI), and JAI Energy have formed a strategic alliance to develop up to 60 megawatts of bitcoin mining in West Texas. The new facilities, to be owned by Mawson, are expected to achieve up to 2.0 Exahash in operational capacity. TPL and JAI will earn net royalties and have an option for equity stakes. Construction begins in Q2 2022, with operations anticipated in Q4 2022. TPL aims to leverage its land resources for profitability in the bitcoin mining sector.

Mawson Infrastructure Group (NASDAQ:MIGI) reported a record production of 171 Bitcoin in April 2022, marking a 384% increase compared to April 2021. The company's Self-Mining and Hosting Co-location operations are currently operating at approximately 2.4 Exahash, with expectations to reach 3.3 Exahash by the end of May 2022. Mawson has deployed over 36,000 ASIC Bitcoin Miners, up 63% from March 2022. The company anticipates producing around 8 Bitcoin per day by the end of May 2022.

Mawson Infrastructure Group (NASDAQ:MIGI) has announced a webcast scheduled for May 16, 2022, at 5:00 p.m. Eastern Time to discuss its first-quarter 2022 results. An investor presentation will be accessible on their website before the call. U.S. callers can dial 1-877-407-4018, while international callers should use 1-201-689-8471, referencing conference ID 13729849. A replay of the call will be available from May 16, 2022, at 8:00 p.m. ET until May 30, 2022.

Mawson Infrastructure Group (NASDAQ:MIGI) reported record Bitcoin production in March 2022, generating 170 Bitcoins, a 336% increase compared to March 2021. The company's self-mining operations improved to approximately 1.35 Exahash by month-end, with expectations to reach 1.5 Exahash by the end of April, producing an estimated 6.6 Bitcoins per day. Mawson also expanded its Hosting Co-location capacity significantly, moving to 16 megawatts operational and planning to scale to 40 megawatts by the end of April. Additionally, a facility in Sandersville, Georgia, received approval for expansion to 230 megawatts.

Mawson Infrastructure Group (NASDAQ:MIGI) reported significant financial growth for FY 2021. Revenue surged by 886% to $43.9 million, with gross profit skyrocketing 2,526% to $34.0 million. The fourth quarter alone saw revenue of $19.6 million, a 79% increase from Q3 2021. Key developments included mining 808 Bitcoin, launching its first Australian facility, and expanding operations in Georgia and Pennsylvania. Looking ahead, Mawson aims to reach 5.5 Exahash by early Q1 2023 and expand its hosting co-location business.