Mawson Infrastructure Group Inc. Announces Partnership With Voltus To Deliver Up To 100MW To The PJM Interconnection In 2022
02 Fevereiro 2022 - 11:00AM
Business Wire
Mawson to deliver up to 100MW of energy
resources to the PJM Interconnection electricity grid in 2022.
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a
digital infrastructure provider, is pleased to announce it has
partnered with Voltus, the leading distributed energy resource
(DER) software technology platform, to deliver up to 100MW of
energy resources to the PJM Interconnection (“PJM”) electricity
grid in 2022.
Mawson is building a new 100MW Bitcoin mining facility on the
grounds of a former industrial site in Midland, Pennsylvania with
the intention of bringing 50MW of load online by March 2022 and an
additional 50MW by June 2022. This capacity is expected to be
available to PJM’s grid operators as a grid balancing resource
24/7/365 through the Voltus marketplace software platform.
In addition, Mawson has executed a 5 year Power Purchase
Agreement (PPA) with Energy Harbor for 100% carbon-free energy at
the Midland, Pennsylvania facility.
Liam Wilson, COO of Mawson, said, "At Mawson we are
building energy-efficient, next-generation digital infrastructure.
Incorporating best practice distributed energy resource program
participation through the Voltus software platform into our
Midland, Pennsylvania development plans is another opportunity for
Mawson to be a good steward for the community and electricity grid
that is supporting us. We are also pleased to have contracted 100%
carbon-free energy via a 5 year PPA with Energy Harbor at our
newest facility.”
Gregg Dixon, CEO and Co-founder of Voltus, said,
“Cryptomining load is expected to reach nearly 10,000 MWs in the US
over the next five years. Voltus can control these loads in a fully
automated fashion, connecting this capacity to power markets that
value them, resulting in cash back to miners, reliable resources
for grid operators, and a balancing resource to improve the
reliability of much-needed renewable energy. Digital infrastructure
leaders like Mawson recognize that partnering with Voltus supports
the grid and provides a competitive advantage in the power-cost
driven world of cryptomining.”
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 centre (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
About Voltus, Inc.
Voltus, Inc. (“Voltus”) is the leading platform connecting
distributed energy resources to electricity markets, delivering
less expensive, more reliable, and more sustainable electricity.
Our commercial and industrial customers and grid services partners
generate cash by allowing Voltus to maximize the value of their
flexible load, distributed generation, energy storage, energy
efficiency, and electric vehicle resources in these markets. To
learn more, visit www.voltus.co
Voltus previously announced an agreement for a business
combination with Broadscale Acquisition Corp. (“Broadscale”)
(Nasdaq: SCLE), which is expected to result in Voltus becoming a
public company listed on the Nasdaq in the first half of 2022,
subject to customary closing conditions.
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 1, 2021 and Mawson’s Quarterly Report on Form 10-Q filed
with the SEC on November 15, 2021, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220202005553/en/
Investor Contact: Brett Maas 646-536-7331
brett@haydenir.com www.haydenir.com
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