Mawson Infrastructure Group Inc. Announces Monthly Operational Update for June 2023
19 Julho 2023 - 9:36AM
Business Wire
New, Turnkey Bellefonte Facility increased
Self-mining Capability by 19%
Total Installed Self-miners as of June 30th
increased M/M to 16,350
Total BTC Mining Increased 6% M/M to 71 BTC
Total Operational capacity as of June 30, 2023
was approximately 96 Megawatts able to support 27,636 miners
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the
“Company”), a digital infrastructure provider, announced today its
unaudited business and operational update for June 2023.
Rahul Mewawalla, CEO and President, commented, “We are
pleased to share another month of robust operational growth of
Mawson’s capabilities including the addition of our new Bellefonte,
Pennsylvania site to our overall portfolio. We continue to benefit
from our operational excellence and expertise while leveraging our
strategic focus on operating in the attractive PJM market where we
continue to expand, drive overall growth, with the goal of
enhancing shareholder and stakeholder value and we look forward to
updating our progress on our Q2 earnings call in August.”
2023 Operational Focus
Mawson looks to continue to drive growth in 2023 through:
- Exploring expansion opportunities at its 240-megawatt
Pennsylvania facilities where the company has favorable energy
contracts.
- Continue to secure a portfolio of sites in its preferred
geographies and jurisdictions for long-term digital infrastructure
capacity.
- Continue participation in the Energy Markets Program which
generates revenue and reduces overall costs of production.
- Develop strategic partnerships and commercial relationships
with hosting customers.
- Continue to offer reliable hosting services to miners in
addition to increasing self-mining capacity.
June Bitcoin Self-Mining, Energy Market Program & Hosting
Co-location Results Update1:
April
May
June
June Variance
Total self-mining BTC
38
67
71
+6%
Total Installed2 Self-miners
5,880
13,750
16,350
+19%
Total Available owned miners
20,000
20,000
20,000
-
Total Revenue in BTC 3
109
127
132
+4%
Total Power Online
50 MW
88 MW
96 MW
+9%
- Self-Mining Miners Installed as of June 30, 2023: 16,350
- Total Revenue equivalent in BTC: 131.923
- Total Self-Mining Bitcoin Production: 71.28
- Approximately $3.7M in Monthly Revenue for June 2023.
- Self-Mining Monthly Revenue: $1.78M
- Hosting Co-location Monthly Revenue: $1.68M
- Energy Market Program Monthly Revenue: approximately
$0.21M
- Total Power Online: 96MW
Key Monthly Operational Achievements:
- Recently named new chief financial officer.
- Recently named new head of information systems.
- New turnkey 8 MW (expandable to 24 MW) self-mining facility in
Bellefonte, Pennsylvania.
- 19% M/M increase in installed self-mining capacity as of June
30, 2023.
- 6% increase in self-mining BTC produced.
- 9% increase in online power.
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital
infrastructure provider with multiple operations throughout the
USA. Mawson’s vertically integrated model is based on a long-term
strategy to promote the global transition to the new digital
economy. Mawson matches digital infrastructure, sustainable energy,
and next-generation Mobile Data Center (MDC) solutions, enabling
efficient Bitcoin production and on-demand deployment of
infrastructure assets. With a strong focus on shareholder returns
and strategic growth, Mawson Infrastructure Group is emerging as a
global leader in ESG-focused digital infrastructure and Bitcoin
mining.
For more information, visit: www.mawsoninc.com.
Statements about hashrate capacity
Statements in the press release about hashrate capacity
(including “installed capacity” or “nameplate capacity”) will often
differ from the actual or observed hashrate. These terms generally
make certain assumptions about the efficiency of the ASIC miners
that are in use. Some ASIC miner models will consume less power to
create the same amount of hashing power than other ASIC miner
models (typically more recent models are more efficient). Many ASIC
miner fleets are blended fleets, including various ASIC miner
models each with different efficiency ratings. Hashrate capacity
figures typically assume 100% deployment of ASIC miners. Given the
large numbers of computing units (often numbering in the tens of
thousands), ASIC mining fleets are rarely 100% deployed and online
at any one time. This can be due to a variety of factors, including
ASIC miners being under maintenance, in repair workshops, in
storage, in transit, or due to technical faults and breakdowns.
Once deployed and online, the actual or observed hashrate can be
influenced by other factors such as heat, overclocking (causing the
ASIC miner to perform at levels higher than the manufacturer’s
specifications), the age, and wear and tear exhibited by the ASIC
miners and also by the limitations of the surrounding
infrastructure, such as power outages, and MDC and transformer
breakdowns. Construction and development delays are a common risk
for mining data centers, for example due to weather, permitting
delays, or labor and equipment shortages. Investors should consider
all risk factors related to uptime when considering these figures,
which are a best-case scenario.
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 May 15, 2023 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 All figures unaudited, and as of June 30,
2023. 2 “Installed” may include miners that are deployed in
Mawson’s datacenters but may not be online or hashing 100% of the
time. 3 Revenue equivalent BTC is the total revenue of the company
for the period divided by the average BTC price. For the month of
June, the figure used is $27,955.62.
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version on businesswire.com: https://www.businesswire.com/news/home/20230719220822/en/
Investor Contact: Sandy Harrison Chief Financial Officer
IR@mawsoninc.com
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