Mawson Infrastructure Group Inc. Announces New Board Chair
15 Abril 2024 - 6:15PM
Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or the
“Company”), a digital infrastructure provider, announced that the
Board of Directors of the Company has appointed Ryan Costello as
the Chair of the Company’s Board of Directors effective April 9,
2024.
“I look forward to serving in this role on behalf of Mawson
shareholders, and believe we have the right team in place to
deliver on implementing our growth plans. Thank you to Greg Martin
for his service as Chair. Our mission is to continue positive
performance on a quarterly basis with an eye always toward bringing
long-term stability to our bottom line in what has historically
been a volatile sector,” said Mr. Costello.
Mr. Costello previously served as U.S. Congressman from
Pennsylvania (PA-6) from 2015-2019. During his tenure in the United
States Congress, he served on the Congressional Committee on Energy
and Commerce, which oversees a broad range of industries and policy
areas, as well as the Transportation and Veteran’s Affairs
Committees. He served as a fellow at the George Washington
University Graduate School of Political Management and has been a
visiting lecturer at American University. Mr. Ryan Costello
has served as a board member of Mawson Infrastructure Group Inc.
since October 2023.
This board chair appointment further advances Mawson’s corporate
strategy to enhance its focus on U.S. operations and pipeline of
growth opportunities. Mr. Martin continues to serve as a
non-executive member of the Company’s Board of Directors.
Rahul Mewawalla, CEO and
President, of Mawson
commented, “We are excited about the numerous
opportunities ahead for Mawson and our industry as we continue to
further advance our operational, technological, and strategic
plans. As we progress our transformation ahead, we are looking
forward to enhancing our digital infrastructure platform
capabilities across self-mining, co-location, and energy
management.”
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: www.mawsoninc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTSMawson 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 April 1, 2024, 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.
For more information,
visit: https://mawsoninc.com/Twitter: Mawson (@Mawsoninc) / X
(twitter.com)LinkedIn:
https://www.linkedin.com/company/mawsoninc/Facebook: Mawson Inc |
Pittsburgh PA | Facebook
Investor Contact: Investor Relations
TeamIR@mawsoninc.com
Media Contact:Media Relations
Teammediarelations@mawsoninc.com
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