Mawson Infrastructure Group Inc.
Announces March 2022 Bitcoin Self-Mining, Hosting Co-location and
Operational Update
Mawson produced record 170 Self-Mined
Bitcoin in March, +336% vs March 2021
Mawson now has over 22,000 ASIC
Bitcoin Miners deployed at its facilities across the USA and
Australia across its Self-Mining and Hosting Co-location
businesses
Self-Mining operating at
approximately 1.35 Exahash end of March, +578% vs March
2021
Self-Mining expected to be operating
at approximately 1.5 Exahash end of April, producing approximately
6.6 Bitcoin per day[1]
Mawson Hosting Co-location at 16
megawatts online end of March (+300% vs February 2022), expected to
rise to approximately 40 megawatts online by end of April (+150% vs
March 2022), as Mawson customers Celsius Mining LLC (100 megawatts)
and Foundry Digital LLC (12 megawatts) deployments are scaled
up
In March, Sandersville, Georgia, USA
Bitcoin mining facility approved for expansion to 230 megawatts,
capable of operating at up to 7.5 Exahash
462 Bitcoin produced in FY 2022 to
end of March
Sydney, Australia and New York
City, USA — April 19th, 2022 -- InvestorsHub NewsWire
-- Mawson Infrastructure Group Inc.
(NASDAQ:MIGI) ("Mawson"), a digital infrastructure
provider, announces unaudited Bitcoin production and operational
update for March 2022.
Bitcoin Self-Mining
Update:
-
In March Mawson produced 170
Bitcoin, +12% vs February 2022
-
March average hash rate at
approximately 1.2 Exahash, +2.5% vs February 2022
-
March end of month hash rate at
approximately 1.35 Exahash, +4% vs February 2022
-
March end of month hash rate
expected to be approximately 1.5 Exahash, producing approximately
6.6 Bitcoin per day[2]
Hosting Co-location
Update:
-
16 megawatts of hosting customers
online in March, +300% vs February 2022
-
In March new 100 megawatt hosting
co-location agreement signed with Celsius Mining LLC, first
deployment at Mawson's hosting facilities has commenced
-
In March new 12 megawatt hosting
co-location agreement signed with Foundry Digital LLC, first
deployment at Mawson's hosting facilities has commenced
Operational Update:
In March Mawson continued to build and expand its existing
and new facilities in the USA and Australia. ASIC Bitcoin miners
continue to be delivered on a monthly basis, with a batch of Canaan
A1246 miners delivered during the month. March was characterized by
a continued rise in network difficulty over the course of the
month, albeit at a slower pace than previous months. Despite these
headwinds, monthly Bitcoin production was up +12% vs February 2022,
and up +336% vs March 2021. Mawson now has over 22,000 ASIC Bitcoin
Miners deployed at its facilities across the USA and Australia
across its Self-Mining and Hosting Co-location
businesses.
Midland,
Pennsylvania facility – first Modular Data Centers
(MDCs) are now online and hashing, site expected to have
approximately 40 megawatts of mining hardware online by the end of
April 2022.
Sandersville, Georgia
facility: 38 Modular Data Centers (MDCs) now online, site
now fully operational at approximately 80 megawatts online. Stage 3
expansion approved to 230 megawatts (capable of accommodating up to
7.5 Exahash) with first stage of development for 150 megawatt
expansion due to commence late Q2, 2022.
Australian
facility: site commissioning ongoing, with operational
ramp up expected to occur steadily throughout Q2, with
approximately 0.1 Exahash online by the end of April, with the
facility expected to be fully operational with approximately 0.4 EH
online by June 2022.
Expected Hash Rate
Growth:
Mawson expects Bitcoin Self-Mining to be at 4.0 EH by Q3,
2022, and target of 5.5 EH online by early Q1 2023
reiterated.
ASIC Bitcoin Miners at Midland,
Pennsylvania facility awaiting deployment in April
Aerial view of Midland, Pennsylvania
facility development
Aerial view of Sandersville, Georgia
facility
James Manning, CEO
and Founder of Mawson, said,
"March
was another month of operational growth for the group – we produced
a record 170 Bitcoin - the highest amount of self-mined Bitcoin in
the company's history. Our Sandersville, Georgia facility continues
to grow, with 38 Modular Data Centers now deployed and online, and
development on our expansion to 230 megawatts will begin later in
Q2. Pleasingly, in Pennsylvania we ended the month with 16
megawatts online, a major milestone for the company as we scale up
our second major Bitcoin mining facility in the USA. Lastly,
turning to our rapidly expanding hosting co-location business – in
March and April we expect this new business line to accelerate
materially as we deploy for our major customers Celsius Mining LLC
and Foundry Digital LLC. The pipeline of demand for our hosting
co-location business - which adds a new revenue stream for the
group - continues to grow, and we look forward to updating
stockholders 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 Center (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 Annual Report on Form 10-K filed with the SEC
on March 21, 2022 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.
Investor
Contact:
Brett Maas
646-536-7331
brett@haydenir.com
www.haydenir.com