Douglas Mawson

Mawson Infrastructure Group Expands Co-Location Business

Retrieved on: 
Wednesday, March 27, 2024
Consensus, Douglas Mawson, Miner, Consensus decision-making, Cryptocurrency

MIDLAND, Pa., March 27, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, announced that it has expanded its co-location business.

Key Points: 
  • Expands Enterprise Customer Co-Location Agreement after 3 Consecutive Co-Location Customer Agreements Executed and Implemented since the start of Q4, 2023
    MIDLAND, Pa., March 27, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, announced that it has expanded its co-location business.
  • Rahul Mewawalla, CEO and President, commented, “We are very pleased to increase and grow our co-location services business.
  • The initial Customer Agreement signed on October 12, 2023, between wholly owned subsidiaries of Mawson and Consensus, for co-location business services was approximately 15,876 miners or approximately 50 MW.
  • In addition to its co-location services business, Mawson operates self-mining bitcoin and energy management businesses.

Mawson Infrastructure Group Inc. Executes Another Customer Co-Location Agreement

Retrieved on: 
Tuesday, February 6, 2024
Partnership, Douglas Mawson, FTI, Miner

PITTSBURGH, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, is pleased to announce that the Company has signed a new co-location agreement between a wholly-owned subsidiary of Mawson and a wholly-owned subsidiary of Faith Technologies Incorporated (FTI).

Key Points: 
  • PITTSBURGH, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, is pleased to announce that the Company has signed a new co-location agreement between a wholly-owned subsidiary of Mawson and a wholly-owned subsidiary of Faith Technologies Incorporated (FTI).
  • The new customer co-location agreement is for Mawson to provide FTI with co-location services for approximately 1,176 miners or approximately 4 MW at Mawson’s Midland, Pennsylvania facilities with future potential capacity expansion with Mawson upon mutual agreement.
  • The FTI customer co-location agreement is the third co-location customer agreement executed by Mawson since the start of Q4, 2023, which develops a multi-customer base for Mawson’s co-location business and also provides for additional growth opportunities for Mawson capabilities and business.
  • In addition to its facilities at Midland, Mawson has another site located in Bellefonte, Pennsylvania, which is used entirely for self-mining purposes.

Mawson Infrastructure Group Inc. Executes New Customer Co-Location Agreement

Retrieved on: 
Tuesday, December 19, 2023
Consensus, Consensus decision-making, Miner, Douglas Mawson, Growth

PITTSBURGH, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, is pleased to announce that the Company has signed a new customer co-location agreement between a wholly-owned subsidiary of Mawson and Krypton Technologies LLC (“Krypton”).

Key Points: 
  • PITTSBURGH, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, is pleased to announce that the Company has signed a new customer co-location agreement between a wholly-owned subsidiary of Mawson and Krypton Technologies LLC (“Krypton”).
  • Initial co-location customer agreement term is for 12 months, and the parties can extend upon mutual agreement.
  • The co-location customer agreement also provides flexibility for future potential capacity expansion.
  • In October, Mawson signed a customer co-location agreement with a wholly owned subsidiary of Consensus Technology Group LLC (“Consensus”) for Mawson to provide co-location services for 15,876 miners or approximately 50 MW.

Mawson Infrastructure Group Inc. Reports Q3 2023 Financial Results

Retrieved on: 
Monday, November 13, 2023
Bitcoin, Consensus, Sale, EBITDA, Conference, BTC, Miner, Cryptocurrency, Video game, Douglas Mawson

PITTSBURGH, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”, Company), a digital infrastructure company, today announced its unaudited financial results and highlights for the third quarter ending September 30, 2023.

Key Points: 
  • Self-mined Bitcoin revenue and Bitcoin mined increased 41% and 35% Q/Q,
    PITTSBURGH, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”, Company), a digital infrastructure company, today announced its unaudited financial results and highlights for the third quarter ending September 30, 2023.
  • The co-location customer agreement has Mawson providing co-location services to the customer for 12 months and the parties can extend further upon mutual agreement.
  • Mawson received initial shipments of these Bitmain Antminer S19 XP miners and commenced installing miners towards the end of October and is continuing its deployments into the month of November 2023.
  • Mawson has planned for its CEO and President, Rahul Mewawalla to join the following upcoming conferences and events.

Mawson Infrastructure Group Inc. Executes Customer Co-Location Agreement

Retrieved on: 
Friday, October 20, 2023
Consensus, Douglas Mawson, Kilowatt-hour, Consensus decision-making, Miner, Growth, Cryptocurrency

SHARON, Pa., Oct. 19, 2023 (GLOBE NEWSWIRE) --  Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, is pleased to announce that a customer co-location agreement has been signed between a wholly-owned subsidiary of Mawson and a wholly-owned subsidiary of Consensus Technology Group LLC (“Consensus”) for Mawson to provide Consensus with co-location services for approximately 15,876 Bitmain Antminer S19 XP miners or approximately 50 MW at Mawson’s Midland, Pennsylvania facilities.

Key Points: 
  • SHARON, Pa., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, is pleased to announce that a customer co-location agreement has been signed between a wholly-owned subsidiary of Mawson and a wholly-owned subsidiary of Consensus Technology Group LLC (“Consensus”) for Mawson to provide Consensus with co-location services for approximately 15,876 Bitmain Antminer S19 XP miners or approximately 50 MW at Mawson’s Midland, Pennsylvania facilities.
  • The agreement provides for Mawson to provide co-location services to Consensus for 12 months and the parties can extend further upon mutual agreement.
  • Mr. Mewawalla, added “We believe this new customer agreement and our discussions with multiple parties reflect the industry’s and ecosystem’s confidence in Mawson’s platforms.
  • The execution of this new customer agreement is another major accomplishment for the Company and our stakeholders.”

Mawson Infrastructure Group Inc Announces New Board Appointment

Retrieved on: 
Thursday, September 28, 2023
Online, American University, George Washington University Graduate School of Education and Human Development, Audit, Compensation, Policy, Second Continental Congress, Energy, Transport, United States congressional committee, Audit committee, Congress, Digital asset, Political management, Knowledge, Nomination, Commerce, Management, Blockchain, Douglas Mawson, Economics

SHARON, Pa., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson" or the "Company"), a digital infrastructure provider, announced today the appointment of Mr. Ryan Costello as an independent Member of the Board of Directors and independent Member of the Audit, Compensation and Nomination and Governance Committees commencing October 2, 2023.

Key Points: 
  • SHARON, Pa., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson" or the "Company"), a digital infrastructure provider, announced today the appointment of Mr. Ryan Costello as an independent Member of the Board of Directors and independent Member of the Audit, Compensation and Nomination and Governance Committees commencing October 2, 2023.
  • Greg Martin, Chairman of the Board of Mawson Infrastructure Group, Inc., commented, “I am delighted to welcome Ryan to our Board, as he brings a wealth of knowledge across several markets including digital assets, technology, and energy.
  • We look forward to the valuable knowledge and perspective he will bring as the newest member of the Mawson Board of Directors."
  • Rahul Mewawalla, CEO and President, commented, “We are looking forward to having Ryan join our board of directors.

Mawson Infrastructure Group Inc. Reports Q2 2023 Financial Results

Retrieved on: 
Monday, August 21, 2023
Professional Services, Data Management, Technology, Cryptocurrency, Manufacturing, Other Manufacturing, Bitcoin, Energy, IOI, Supercomputer, PJM, Overalls, Sale, HPC, PA Consulting Group, BTC, Colocation, European High-Performance Computing Joint Undertaking, Renewable energy, Douglas Mawson

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital infrastructure company, today announced its unaudited financial results and highlights for the second quarter ending June 30, 2023.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital infrastructure company, today announced its unaudited financial results and highlights for the second quarter ending June 30, 2023.
  • The Company indicated that the Co-Location contract with Celsius Mining LLC will expire in accordance with its terms on August 23, 2023.
  • Mawson has received active interest from a number of parties related to hosting and digital infrastructure services.
  • In the second quarter 2023, Mawson incurred a net loss of $17.6 million compared to $11.4 million in the prior period and $2.4 million for the same quarter last year.

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for May 2023

Retrieved on: 
Wednesday, June 14, 2023
Professional Services, Blockchain, Technology, Cryptocurrency, Networks, Hardware, Digital Cash Management, Digital Assets, Bitcoin, Douglas Mawson, Miner, Hosting, Growth, BTC, Mining, Renewable energy

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today its unaudited business and operational update for May 2023.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today its unaudited business and operational update for May 2023.
  • Rahul Mewawalla, CEO and President, commented, “We are delighted to share our business update.
  • May was an exciting month for Mawson as we significantly grew our installed miners, our BTC mining, and delivered a diversified revenue mix of self-mining, hosting and energy market program revenue.
  • Continue with its Energy Markets Program, which generates diversified revenue and reduces overall costs of production.

Mawson Infrastructure Group Announces New CEO and President

Retrieved on: 
Monday, May 22, 2023
Professional Services, Data Management, Environmental, Social and Governance (ESG), Blockchain, Technology, Cryptocurrency, Fintech, SVKM's NMIMS, Yahoo!, Committee, GE, MBA, Kellogg School, NYSE, Fortune 500, General Electric Company, Nokia, Growth, Northwestern University, NOK, Compensated emancipation, Management, Douglas Mawson

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, is pleased to announce that Rahul Mewawalla has been appointed as Chief Executive Officer and President of the Company.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, is pleased to announce that Rahul Mewawalla has been appointed as Chief Executive Officer and President of the Company.
  • Mr. Rahul Mewawalla is a technology and business leader who brings extensive strategic and operational expertise across Fortune 500 and growth companies, having held senior executive and operating roles including as CEO, President, and Executive Vice President.
  • The Board is both pleased and excited about the appointment of Rahul as the Company’s new CEO and President.
  • I look forward to the exciting period of expansion ahead for the company.”
    Rahul Mewawalla, incoming CEO and President, commented, “I am delighted to join the Mawson leadership team at such an exciting time in the company’s history.

Mawson Infrastructure Group Inc. Announces Closing of $5 Million Registered Direct Offering

Retrieved on: 
Monday, May 8, 2023
Data Management, Technology, Blockchain, Software, Networks, Digital Cash Management, Digital Assets, Telephone, Douglas Mawson, Park Avenue, SEC filing, Regulation D, Sale, 3rd Floor, Prospectus, Form, Security (finance)

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, today announced the closing of a $5 million registered direct offering.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, today announced the closing of a $5 million registered direct offering.
  • H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
  • The gross proceeds to Mawson from the offering were approximately $5 million, before deducting the placement agent’s fees and other offering expenses payable by Mawson.
  • A final prospectus supplement and an accompanying base prospectus relating to the registered direct offering was filed with the SEC.