Mawson Infrastructure Group Inc. Announces Monthly Operational Update for April 2024
2024年5月20日 - 9:50PM
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or “the
Company”), a digital infrastructure company, announced today its
unaudited business and operational update for April 2024.
Rahul Mewawalla, CEO and President, commented,
“We are pleased with another strong month of year-over-year growth
with our total overall revenue growing 65% this April over last
year, driven by operational focus and execution across our
self-mining and co-location services businesses. We drove growth in
our self-mining business revenue by 73% and our co-location
business revenue by 105% this April as compared to last year. We
were also excited to announce plans to expand our Midland
facilities by an additional 20 MW that should drive additional
growth and customer expansion opportunities for our co-location
services business. We believe our focus on operations, technology,
and strategic transformation will further advance our role in the
industry and our ecosystem.”
Unaudited April Monthly Operating Results
Summary
- Total monthly revenue increased 65% Y/Y to about $4.85 million
and the equivalent of 74 BTC1.
- Self-mining business revenue increased 73% Y/Y to $1.92
million.
- Co-location business revenue increased 105% Y/Y to $2.87
million.
- Recently announced co-location expansion agreement increased
Mawson’s co-location services capacity to approximately 82 MW and
over 25,872 miners.
- Total power capacity across Company’s facilities approximately
109 MW with capacity for approximately 35,650
miners.
- Company announced plans to expand its Midland facility by 20
MW, increasing the Company’s future total capacity to approximately
129 MW and about 41,530 miners.
Conferences and Events Update
Mawson has planned for its CEO and President, Rahul Mewawalla to
join the following upcoming conferences and events. Please
contact IR@Mawsoninc.com for further information.
- Consensus in May 2024 in Austin,
Texas
- Artificial Intelligence (AI) Summit
in June 2024 in London, United Kingdom
- Fintech Week in June 2024 in
London, United Kingdom
- Mining Disrupt in June 2024 in
Miami, Florida
- Bitcoin 2024 in July 2024 in
Nashville, Tennessee
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is building the next
generation digital infrastructure platform. Our innovation,
technology, and operational expertise enables us to operate and
optimize digital infrastructure to accelerate the digital economy
including the growth of the bitcoin network, digital assets and
other high-performance computing solutions using a carbon-free
energy approach.
For more information,
visit: https://mawsoninc.com/
Statements about hashrate capacity
Statements in the press release about hashrate capacity
(including ‘installed capacity’ or ‘nameplate capacity’), will
often differ from the actual or observed hashrate. These terms
generally make certain assumptions about the efficiency of the ASIC
miners that are in use. Some ASIC miner models will consume less
power to create the same amount of hashing power than other ASIC
miner models (typically more recent models are more efficient).
Many ASIC miner fleets are blended fleets, including various ASIC
miner models each with different efficiency ratings. Hashrate
capacity figures typically assume 100% deployment of ASIC miners.
Given the large numbers of computing units (often numbering in the
tens of thousands), ASIC mining fleets are rarely 100% deployed and
online at any one time. This can be due to a variety of factors,
including ASIC miners being under maintenance, in repair workshops,
in storage, in transit, or due to technical faults and breakdowns.
Once deployed and online, the actual or observed hashrate can be
influenced by other factors such as heat, overclocking (causing the
ASIC miner to perform at levels higher than the manufacturer’s
specifications), the age, and wear and tear exhibited by the ASIC
miners and also by the limitations of the surrounding
infrastructure, such as power outages, and MDC and transformer
breakdowns. Construction and development delays are a common risk
for mining data centers, for example due to weather, permitting
delays, or labor and equipment shortages. Investors should consider
all risk factors related to uptime when considering these figures,
which are a best-case scenario.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTSMawson 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 April 1, 2024, and Mawson’s Quarterly Report on Form
10-Q filed with the SEC on August 21, 2023, November 13, 2023, and
May 15, 2024, 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.
For more information, visit: https://mawsoninc.com/Twitter:
Mawson (@Mawsoninc) / X (twitter.com)LinkedIn:
https://www.linkedin.com/company/mawsoninc/Facebook: Mawson Inc |
Pittsburgh PA | Facebook
Investor Contact: Investor Relations
TeamIR@mawsoninc.com
Media Contact:Media Relations
Teammediarelations@mawsoninc.com
1 Revenue equivalent BTC is the total revenue of the Company for
the period divided by the average BTC price. For the month of
April, the figure used is $65,805.00.
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