Mawson Infrastructure Group Inc. Signs New 24MW Site in Ohio - Full 24MW Online in Q3, 2023
01 Maio 2023 - 11:28AM
Business Wire
The Site has further potential for another
26MW, taking the total to 50MW
The site expands Mawson’s potential capacity
to up to 290MW
The new site emphasizes the Company’s focus
on the PA / OH region
Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson’’ or
the “Company”), a digital infrastructure provider, announces today
that it has entered into agreements for a new site in Corning,
Ohio, with initial capacity for 24MW. Mawson expects that the site
has an additional 26MW of potential capacity upside, taking the
total site to 50MW, subject to further infrastructure investment.
The site has been signed on a long term lease.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230501005454/en/
Aerial view of the substation at Corning,
Ohio (Photo: Business Wire)
The site will be a welcome addition to the existing 240MW of
capacity that Mawson has online and under development in the
surrounding area. It is intended that the site will be online to
the full initial 24MW capacity in Q3, providing a possible increase
in deployable hashrate of up to 1.0EH.1
Mawson expects the site to initially host 12 MDCs and 7,056
miners. Mawson expects to have a mixture of self-mining and hosting
on site but will make a further decision on the breakdown closer to
energization.
James Manning, CEO, commented, “We are very excited to
have finalized this new site acquisition. The addition of this site
to our portfolio of assets in the region is a great achievement by
the team reinforcing our revised strategy of focus in the PA/OH
region. This is the first of several smaller sites the Mawson team
has been working on, with a focus to deploy low cost, quick to
market mining facilities.”
Liam Wilson, COO, commented, “With the addition of this
third site, Mawson has also begun the process of researching and
testing the latest generation of ASIC hardware. We are actively
planning for the halving event, and plan to have the most efficient
fleet possible – as always, focusing on shareholders return on
capital. We are focused on this region for various reasons and look
forward to seeing which ASIC units perform best before ordering in
bulk.”
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital
infrastructure provider, with multiple operations throughout the
USA and Australia. Mawson’s vertically integrated model is based on
a long-term strategy to promote the global transition to the new
digital economy. Mawson matches sustainable energy infrastructure
with next-generation Mobile Data Center (MDC) solutions, enabling
low-cost Bitcoin production and on-demand deployment of
infrastructure assets. With a strong focus on shareholder returns
and an aligned board and management, Mawson Infrastructure Group is
emerging as a global leader in ESG focused Bitcoin mining and
digital infrastructure.
For more information, visit: www.mawsoninc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are
not a description of historical fact are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words referencing future events or circumstances such as “expect,”
“intend,” “plan,” “anticipate,” “believe,” and “will,” among
others. Because such statements are subject to risks and
uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements. These
forward-looking statements are based upon Mawson’s current
expectations and involve assumptions that may never materialize or
may prove to be incorrect. Actual results and the timing of events
could differ materially from those anticipated in such
forward-looking statements as a result of various risks and
uncertainties, which include, without limitation, the possibility
that Mawson’s need and ability to raise additional capital, the
development and acceptance of digital asset networks and digital
assets and their protocols and software, the reduction in
incentives to mine digital assets over time, the costs associated
with digital asset mining, the volatility in the value and prices
of cryptocurrencies and further or new regulation of digital
assets. More detailed information about the risks and uncertainties
affecting Mawson is contained under the heading “Risk Factors”
included in Mawson’s Annual Report on Form 10-K filed with the SEC
on March 23, 2023, and Mawson’s Quarterly Report on Form 10-Q filed
with the SEC on August 22, 2022, November 14, 2022 and in other
filings Mawson has made and may make with the SEC in the future.
One should not place undue reliance on these forward-looking
statements, which speak only as of the date on which they were
made. Because such statements are subject to risks and
uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements. Mawson
undertakes no obligation to update such statements to reflect
events that occur or circumstances that exist after the date on
which they were made, except as may be required by law.
1 Statements about ASIC miner capacity and Exahash forecasts in
this document are not an assurance that Mawson will have that many
ASIC miners available to deploy, or that they will meet the assumed
efficiency (whether self-mining or hosted units). Mawson’s ability
to deploy efficient units will depend on many factors such as
Mawson’s future ASIC miner purchases and sales, our ability to
attract future hosting customers, and the number of ASIC miners’
customers have to deploy. Exahash forecasts assumes a fleet of
miners operating at 140 TH. Mawson’s current fleet does not operate
at 140 TH.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230501005454/en/
Investor Contact: Brett Maas 646-536-7331
brett@haydenir.com www.haydenir.com
Mawson Infrastructure (NASDAQ:MIGI)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Mawson Infrastructure (NASDAQ:MIGI)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024