Mawson Infrastructure Group Inc. Announces Bitcoin Miner Shipment, Deployment and Operational Update
June 09 2022 - 10:12AM
InvestorsHub NewsWire
Mawson Infrastructure Group Inc. Announces
Bitcoin Miner Shipment, Deployment and Operational
Update
Final contracted ASIC Bitcoin
Miner Shipment from Canaan received, Mawson now assessing
attractive spot market for future ASIC Bitcoin Miner purchases
Mawson now has approximately 40,000 ASIC Bitcoin Miners deployed at
its facilities across its Self-Mining and Hosting Co-location
businesses
Mawson Self-Mining and Hosting Co-location operating at
approximately 3.1 Exahash as at end May, expected to be at
approximately 3.35 Exahash by end June
Mawson's 100% renewable energy Bitcoin Mining facility in Australia
expected to be fully operational in June at approximately 0.4
Exahash
Mawson has sold approximately 1975 ASIC Bitcoin miners in exchange
for 33% of the equity in Tasmania Data Centers Pty Ltd (TDI), a
100% renewable energy Bitcoin Miner located in Australia
Sydney, Australia and New York, NY -- June 9th, 2022
-- InvestorsHub NewsWire -- Mawson Infrastructure Group Inc.
(NASDAQ:MIGI) ("Mawson"), a digital
infrastructure provider, is pleased to provide an ASIC Bitcoin
Miner shipment, deployment and operational update.
Mawson has now received the final shipment of A1246 ASIC Bitcoin
Miners from Canaan, with the final batch of orders placed in 2021
being deployed across the company's operations in the coming
months.
Current Bitcoin and broader market movements has seen ASIC Bitcoin
Miner pricing fall significantly, placing Mawson in a strong
position to acquire new ASIC Bitcoin Miners at attractive prices at
the appropriate time.
Mawson now has approximately 40,000 ASIC Bitcoin Miners deployed
across its Self-Mining and Hosting Co-location business, operating
at a combined total of approximately 3.1 Exahash across all
operations.
Mawson's Hosting Co-location business continues to scale up, with
over 56 megawatts rapidly deployed over the last 3 months,
providing an additional revenue stream for the company over and
above Mawson's Bitcoin Self-Mining operations.
Mawson's Australian operations are expected to be fully operational
by the end of June, with approximately 5,376 ASIC Bitcoin Miners in
place at site, currently operating at 0.2 Exahash, expected to rise
to 0.4 Exahash by June 30, producing approximately 1.7 Bitcoin per
day from this facility alone based on current network
difficulty.
Mawson also this month announced it is to become a 33% shareholder
of Tasmania Data Infrastructure Pty Ltd ("TDI"), where Mawson has
sold approximately 1975 ASIC Bitcoin Miners and will provide a
license for TDI to utilize Mawson's Modular Data Center and
associated technology in exchange for 33% of the equity in TDI. TDI
is developing a large scale, 100% renewable energy Bitcoin Mining
Facility in Tasmania, Australia. Site works are expected to begin
in Q3 2022.
James Manning, CEO and Founder of Mawson, said,
"Having now received the final shipment of A1246 ASIC Bitcoin
Miners from Canaan, we are now in a position to acquire new Bitcoin
Miners at low prices at the appropriate time. This flexibility puts
us in a solid position to take advantage of market conditions as
they unfold. Our Hosting Co-location has been the focus of the
current quarter, we now shift that focus to growing our Self-Mining
operations sensibly."
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 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 May 16, 2022, 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
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