Mawson Infrastructure Group Inc.
Announces January 2022 Bitcoin Production and Operational
Update
Mawson produced 140 Bitcoin in
January
Bitcoin Self-Mining operating at
approximately 1.1 EH end of January
Bitcoin Self-Mining expected to be at
approximately 1.35 EH end of February, +23% month on month,
producing approximately 6.5 Bitcoin per day[1]
Luna Squares Hosting Co-location
operations at 2 MW in January
Sydney, Australia and New York
City, USA — February 15th, 2022 — InvestorsHub NewsWire
- Mawson Infrastructure Group Inc.
(NASDAQ:MIGI) ("Mawson"), a digital infrastructure
provider, announces unaudited bitcoin production and operational
update for January 2022.
Bitcoin Self-Mining
Update
-
In January 2022 Mawson produced 140
Bitcoin
-
January average hash rate at
approximately 0.9 EH
-
January end of month hash rate at
approximately 1.1 EH
-
February end of month hash rate
expected to be 1.35 EH, producing approximately 6.5 bitcoin per
day[2]
Luna Squares Hosting Co-location
Update
-
2 MW of hosting online in
January
-
Pipeline of industrial scale
hosting co-location customers continues to grow
Operational Update
-
Midland, Pennsylvania facility:
civil works ongoing, first Modular Data Centers (MDCs) with full
complement of Bitcoin miners expected to be online in March,
2022.
-
Sandersville, Georgia facility: 60
MW expansion ongoing with an additional 13 MDCs to be deployed in
February.
-
Australian facility: expansion
ongoing with civil works continuing, transformers arriving in
February and an additional 7 MDCs expected on site in March, with
the facility expected to be fully online by April 2022.
Expected Hash Rate
Growth
Mawson expects Bitcoin Self-Mining to be at 3.35 EH by Q2,
2022, and target of 5 EH online by early Q1 2023
reiterated.
Aerial view of Sandersville, Georgia
site expansion
James Manning, CEO
and Founder of Mawson, said,
"January
was a period of rapid growth for Mawson – operationally we crossed
above the 1 Exahash (EH) level for the first time, ending the month
at approximately 1.1 EH, a major milestone for the business. We are
now focused on the rapid growth at our Georgia, Pennsylvania and
Australian facilities, and continue to assess new sites for our
growing business. Demand for our Luna Squares co-location business
continues to grow and we look forward to updating shareholders on
this front in due course."
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
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 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.
Investor
Contact:
Brett Maas
646-536-7331
brett@haydenir.com
www.haydenir.com