Mawson Infrastructure Group Inc. Announces Monthly Operational Update for January 2024
16 Fevereiro 2024 - 10:45AM
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the
“Company”), a digital infrastructure company, announced today its
unaudited business and operational update for January 2024.
Rahul Mewawalla, CEO and President, commented,
“We are very pleased to see the continued progress across our three
primary business lines and our total revenue in January 2024
growing to triple of our total revenue back in January last year.
We were also delighted to recently announce the signing and
welcoming of FTI as our newest co-location customer, the third
consecutive co-location customer agreement executed by the Company
since the start of Q4, 2023. Our operational, technological, and
strategic plans continue to advance and we are excited about 2024
ahead for Mawson and our broader industry and ecosystem.”
Unaudited January Monthly Operating Results
Summary
- Total monthly revenue of about
$7.06 million or about the equivalent of 174 BTC1.
- More than 3X growth from January
2023 in Total Overall Revenue and about 18% M/M revenue
growth.
- Energy management business revenue
of $2.20 million, co-location business revenue of $2.78
million and self-mining revenue of $2.08 million.
- Expanded our co-location customer
base and have now signed three new customers since the start of Q4,
2023.
- Total Power Capacity was
approximately 109 MW with capacity for approximately 35,650
miners.
Operational and Other
Updates
Mawson’s two Pennsylvania sites, Midland and Bellefonte have
approximately 109 MW of total power capacity capable of supporting
35,650 miners for either self-mining or co-location services. The
Midland facility has approximately 100 MW of total power and the
capacity to support a total of approximately 32,930 miners for
self-mining and/or co-location services. The Company recently
completed the deployment of its second co-location services
customer, Krypton Technologies LLC, for approximately 6 MW and
1,764 miners which joined the Company’s largest co-location
customer Consensus Technology Group (“Consensus”) with
approximately 15,876 miners or approximately 50 MW. Mawson recently
announced to the signing of its third new co-location services
customer FTI for approximately 4 MW and 1,176 miners which when
completed will bring the total co-locations services platform to
approximately 60 MW and over 18,800 miners. Mawson’s Bellefonte
facility continues to operate at approximately 8.8 MW of capacity
and is used entirely for self-mining purposes.
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital
infrastructure company. Mawson’s vertically integrated model is
based on a long-term strategy to promote the global transition to
the new digital economy. Mawson aligns digital infrastructure,
sustainable energy, and next-generation fixed and mobile data
center solutions, enabling efficient Bitcoin production and
on-demand deployment of digital infrastructure assets. Mawson
Infrastructure Group is emerging as a global leader in ESG focused
digital infrastructure and Bitcoin mining.
For more information, visit: https://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, August 21, 2023, November 13, 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.
Investor Contact: Sandy Harrison Chief
Financial OfficerIR@mawsoninc.com
1 Revenue equivalent BTC is the total revenue of the Company for
the period divided by the average BTC price. For the month of
January, the figure used is $42,880.01.
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