Mawson Infrastructure Group Inc. Announces April
2022 Bitcoin Self-Mining, Hosting Co-location and Operational
Update
Mawson
produced record 171 Self-Mined Bitcoin in April, +384% vs April
2021
Mawson
Self-Mining and Hosting Co-location operating at approximately 2.4
Exahash as at end April, expected to rise to approximately 3.3
Exahash by end May 2022, +37.5% month on
month
Mawson now
has over 36,000 ASIC Bitcoin Miners deployed at its facilities
across the USA and Australia across its Self-Mining and Hosting
Co-location businesses, +63% vs March
2022
Self-Mining
expected to be operating at approximately 1.8 Exahash end of May,
producing approximately 8.0 Bitcoin per day
1
630 Bitcoin
produced in FY 2022 to end of
April
Sydney,
Australia and New York City, USA -- May 12, 2022 -- InvestorsHub
NewsWire -- Mawson
Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson"), a digital
infrastructure provider, announces unaudited Bitcoin production and
operational update for April
2022.
Mawson
Self-Mining and Hosting Co-location operating at approximately 2.4
Exahash as at end of April, expected to rise to approximately 3.3
Exahash by end of May 2022.
Bitcoin
Self-Mining Update:
-
In April
Mawson produced 171 Bitcoin, +384% vs April
2021
-
April average
hash rate at approximately 1.3 Exahash, +583% vs April
2021
-
April end of
month hash rate at approximately 1.4 Exahash, +679% vs April
2021
-
May end of
month hash rate expected to be approximately 1.8 Exahash, producing
approximately 8.0 Bitcoin per
day
Hosting
Co-location Update:
-
Mawson
Hosting Co-location at 28 megawatts online end of April (+75% vs
March 2022), expected to rise to approximately 52 megawatts online
by end of May (+85% vs April 2022), as Mawson customers Celsius
Mining LLC (100 megawatts) and Foundry Digital LLC (12 megawatts)
deployments are scaled up
Operational
Update:
In April
Mawson continued to build out 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. April was characterized by a
rise in network difficulty. Despite this, monthly Bitcoin
production was up +1% vs March 2022, and up +384% vs April 2021.
Mawson now has over 36,000 ASIC Bitcoin Miners deployed at its
facilities across the USA and Australia across its Self-Mining and
Hosting Co-location businesses, up from 22,000 in March
2022.
Midland,
Pennsylvania facility
– Modular
Data Centers (MDCs) now being rolled out progressively, site
expected to have approximately 52 megawatts of mining hardware
online by the end of May
2022.
Sandersville,
Georgia facility: 38
Modular Data Centers (MDCs) online, site now fully operational at
approximately 80 megawatts. Stage 3 expansion approved to 230
megawatts (capable of accommodating up to 7.5 Exahash) with
development planning for 150 megawatt expansion commencing in June
2022.
New South
Wales, Australia facility:
site commissioning ongoing, with operational
ramp up expected to occur steadily throughout May and June, with
approximately 0.1 Exahash online by the end of May. The facility is
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.
Aerial view
of Midland, Pennsylvania facility development (April
2022)
USA Modular
Data Center (MDC) fabrication
facility
Aerial view
of Midland, Pennsylvania facility development (May
2022)
James Manning, CEO and Founder of
Mawson, said, "April was
operationally solid for the business, with a particularly pleasing
result in our hosting co-location business ramp up, where we
expanded from 16 megawatts online in March, to 28 megawatts online
in April. We expect this to rise to 52 megawatts online by the end
of May, as we progressively roll out and expand our second major
Bitcoin mining facility in the town of Midland, Pennsylvania. The
Mawson team continued to expand over the month with more
high-quality individuals joining the Mawson family. We anticipate a
meaningful step up in our Bitcoin Self-Mining operations in May, to
1.8 Exahash, and expect further solid growth on this front in May
and June."
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
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