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Mawson Infrastructure Group Announces Successful Completion of Announced Facilities Expansion Plans
GlobeNewswire News Room· 2024-06-25 21:22
Mawson's site in the greater Pittsburgh area grows to be amongst the largest operating sites in the PJM market amongst all the North American Public Bitcoin Mining Companies Increases Mawson's Total Operational Capacity to approximately 129 MW and 41,530 Miners Rahul Mewawalla, CEO and President of Mawson, commented, "We are pleased to have successfully completed the expansion of our Midland, Pennsylvania facilities quickly within 60 days of our announcing our growth plans back in April this year. With this ...
Mawson Infrastructure Group Inc. Announces Monthly Operational Update for May 2024
Newsfilter· 2024-06-20 21:15
Energy Management Revenue up 139% Y/Y from May last year Rahul Mewawalla, CEO and President, commented, "We are pleased with the growth of our digital platforms with 85% year-over-year revenue growth of our digital co-location business and 139% year-over-year revenue growth of our energy management business, compared to May of last year. We have continued to expand our enterprise grade co-location customer relationships and have also advanced our strong operational and technological capabilities across all ...
Mawson Infrastructure Group Inc. Announces Monthly Operational Update for May 2024
GlobeNewswire News Room· 2024-06-20 21:15
Core Insights - Mawson Infrastructure Group Inc. reported significant growth in its revenue, with Energy Management Revenue increasing by 139% year-over-year and Digital Co-Location Business Revenue rising by 85% year-over-year [1][8] - The overall monthly revenue for May 2024 reached approximately $4.46 million, reflecting a 19% increase year-over-year, equivalent to about 70 BTC [8] Revenue Breakdown - Energy Management Business Revenue increased to $0.97 million, marking a 139% year-over-year growth [8] - Digital Co-Location Business Revenue rose to $2.76 million, representing an 85% year-over-year increase [8] - Self-Mining Business Revenue was reported at $0.74 million [8] Capacity Expansion - The total power capacity across the company's facilities is approximately 109 MW, with the expansion of the Midland facility expected to add 20 MW, bringing the total capacity to about 129 MW and accommodating around 41,530 miners [8] Operational Highlights - The company has continued to enhance its enterprise-grade co-location customer relationships and has advanced its operational and technological capabilities across its three business segments: self-mining, digital co-location services, and energy management [8] Upcoming Events - Mawson Infrastructure Group is scheduled to participate in several industry conferences and events throughout 2024, including Mining Disrupt in June and Bitcoin 2024 in July [3][9]
Mawson Infrastructure Group Further Grows and Expands Digital Co-Location Business
Newsfilter· 2024-06-18 20:45
Further Growth of 24% in Overall Digital Co-Location Services Business Expanding to about 31,164 Miners or about 102 MW MIDLAND, Pa., June 18, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson" or the "Company"), a digital infrastructure company, announced that it has further expanded its digital co-location business. On June 14, 2024, Mawson signed a new 20 MW co-location customer agreement with Krypton Technologies LLC and per the new customer agreement, Mawson is expected t ...
Mawson Infrastructure Group Further Grows and Expands Digital Co-Location Business
GlobeNewswire News Room· 2024-06-18 20:45
Investor Contact: Investor Relations Team IR@mawsoninc.com Further Growth of 24% in Overall Digital Co-Location Services Business Expanding to about 31,164 Miners or about 102 MW Increases Digital Co-Location Services Business by about another 5,880 Miners or about another 20 MW MIDLAND, Pa., June 18, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson" or the "Company"), a digital infrastructure company, announced that it has further expanded its digital co-location business. R ...
Mawson Infrastructure Group Inc. Announces Monthly Operational Update for April 2024
Newsfilter· 2024-05-20 12:50
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. Total Overall Revenue up 65% Y/Y from April last year Self-Mining Business Revenue up 73% Y/Y from April last year Co-Location Business Revenue up 105% Y/Y from April last year Announced 20 MW Expansion Plan increasing total capacity to 129 MW MIDLAND, Pa., May 20, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastruc ...
Mawson Infrastructure Group Inc. Announces Monthly Operational Update for April 2024
globenewswire.com· 2024-05-20 12:50
Self-Mining Business Revenue up 73% Y/Y from April last year Co-Location Business Revenue up 105% Y/Y from April last year Announced 20 MW Expansion Plan increasing total capacity to 129 MW Total Overall Revenue up 65% Y/Y from April last year 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 ...
Mawson Infrastructure (MIGI) - 2024 Q1 - Quarterly Results
2024-05-15 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 15, 2024 Mawson Infrastructure Group Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) Delaware 001-40849 88-0445167 (Commission File Number) (I.R.S. Employer Identification No.) 950 Railroad Avenue Midland, Pennsylvania 15059 (Addres ...
Mawson Infrastructure Group Inc. Reports Q1 2024 Financial Results
globenewswire.com· 2024-05-15 21:15
Q1 2024 Total Revenue increased 145% Y/Y and 34% Q/Q Q1 Co-Location Business Revenue increased 90% Y/Y and 83% Q/Q Q1 Energy Management Business Revenue increased 461% Y/Y and 2% Q/Q Company optimized and reduced Q1 SG&A expenses by 30% Y/Y and 19% Q/Q MIDLAND, Pa., May 15, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson", "the Company"), a digital infrastructure company, today announced its unaudited financial and operational results for the first quarter of fiscal year 20 ...
Mawson Infrastructure (MIGI) - 2024 Q1 - Quarterly Report
2024-05-15 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission File No. 001-40849 Mawson Infrastructure Group Inc. (Exact name of registrant as specified in its charter) | D ...