Douglas Mawson

Mawson Infrastructure Group Inc. Signs New 24MW Site in Ohio - Full 24MW Online in Q3, 2023

Retrieved on: 
Monday, May 1, 2023

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson’’ or the “Company”), a digital infrastructure provider, announces today that it has entered into agreements for a new site in Corning, Ohio, with initial capacity for 24MW.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson’’ or the “Company”), a digital infrastructure provider, announces today that it has entered into agreements for a new site in Corning, Ohio, with initial capacity for 24MW.
  • Mawson expects that the site has an additional 26MW of potential capacity upside, taking the total site to 50MW, subject to further infrastructure investment.
  • Mawson expects to have a mixture of self-mining and hosting on site but will make a further decision on the breakdown closer to energization.
  • We are focused on this region for various reasons and look forward to seeing which ASIC units perform best before ordering in bulk.”

Mawson Infrastructure Group Inc. Sells Greenfield Texas Sites for $8.5m

Retrieved on: 
Wednesday, April 19, 2023

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson'' or the “Company”), a digital infrastructure provider, announces today that it has signed and closed a binding sale agreement for Mawson’s greenfield sites in Midland, TX, effective April 18, 2023.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson'' or the “Company”), a digital infrastructure provider, announces today that it has signed and closed a binding sale agreement for Mawson’s greenfield sites in Midland, TX, effective April 18, 2023.
  • The transaction involved the sale of 100% of Mawson’s subsidiary Luna Squares Texas LLC, which held the relevant lease agreements and related contracts.
  • In addition, Mawson sold 59 transformers which were earmarked for these Texas sites.
  • The sale of the Texas sites allows Mawson to focus all attention on its current 240 MW of facilities in Pennsylvania.

Mawson Infrastructure Group Inc. Announces March 2023 Operational Update

Retrieved on: 
Thursday, April 13, 2023

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

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today its unaudited Bitcoin production and operational update for March 2023.
  • Continue the expansion of its 240-megawatt Pennsylvania facilities where the company has favorable energy contracts and expansion opportunities.
  • Continue to secure a portfolio of sites in its preferred geographies and jurisdictions for long term digital infrastructure capacity.
  • Continue to offer reliable hosting services to miners in addition to increasing self-mining capacity.

Mawson Infrastructure Group Reports Full Year 2022 Financial Results; Select Financial Highlights for FY 2022 compared to FY 2021

Retrieved on: 
Thursday, March 23, 2023

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital infrastructure provider, reports financial results and highlights for the fourth quarter and full year ended December 31, 2022.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital infrastructure provider, reports financial results and highlights for the fourth quarter and full year ended December 31, 2022.
  • Commenced construction of the new 120 MW Sharon, PA facility, with 12 MW onsite ready for energisation in Q2, 2023.
  • Continue to secure a portfolio of sites in preferred geographies and jurisdictions for long term digital infrastructure capacity.
  • James Manning, CEO and Founder of Mawson Infrastructure, said, “2022 was a pivotal year for the Mawson team.

Mawson Infrastructure Group Inc. Expands Midland, PA Facility by 100% to 100MW

Retrieved on: 
Wednesday, February 15, 2023

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announces today that it has installed 2 additional substation transformers at its 100 MW Midland, PA site.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announces today that it has installed 2 additional substation transformers at its 100 MW Midland, PA site.
  • Mawson earned more than $4 million in revenue in the month of December through their current programs, operating at 50 MW.
  • The site is one of two large scale Bitcoin Mining operations Mawson controls in the area.
  • Mawson is looking forward to a strong start to our 2023 with rapidly expanding our operations.”

Mawson Infrastructure Group Inc. Announces Results of Reverse Stock Split Vote

Retrieved on: 
Tuesday, February 7, 2023

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today the results of its stockholder vote in respect of its reverse stock split, which was sent to stockholders on December 23, 2022.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today the results of its stockholder vote in respect of its reverse stock split, which was sent to stockholders on December 23, 2022.
  • Stockholders voted in favor of the 1 for 6 reverse stock split, and a related resolution to reduce Mawson’s authorized Common Stock from 120,000,000 shares to 90,000,000 shares.
  • It is anticipated that, after the reverse stock split, the Mawson stock price will meet the Nasdaq listing rules threshold minimum bid price requirement, which essentially requires a listed company’s stock price to remain above $1.
  • It is expected that Mawson shares will trade on a post-reverse stock split adjusted basis on and from February 9, 2023.

Mawson Infrastructure Group Inc Announces December 2022 Operational Update

Retrieved on: 
Tuesday, January 17, 2023

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today its unaudited Bitcoin production and operational update for December 2022.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today its unaudited Bitcoin production and operational update for December 2022.
  • View the full release here: https://www.businesswire.com/news/home/20230117005697/en/
    James Manning, CEO commented, “December was a record month for Mawson’s energy market revenue, at approximately $4 million.
  • This additional source of revenue has given Mawson an advantage through the past 6 months.
  • Mawson expects the balance of the cash consideration to be paid to Mawson in Q1 / early Q2 2023.

Mawson Infrastructure Group Inc. Announces November 2022 Operational Update

Retrieved on: 
Monday, December 19, 2022

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announces unaudited Bitcoin production and operational update for November 2022.

Key Points: 
  • Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announces unaudited Bitcoin production and operational update for November 2022.
  • Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia.
  • 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.

EQS-News: With A Growing Short Supply Of Crypto Mining Infrastructure, Can Mawson’s Large-Scale Excess Capacity Provide Hope For The Industry?

Retrieved on: 
Sunday, November 27, 2022

With A Growing Short Supply Of Crypto Mining Infrastructure, Can Mawsons Large-Scale Excess Capacity Provide Hope For The Industry?

Key Points: 
  • With A Growing Short Supply Of Crypto Mining Infrastructure, Can Mawsons Large-Scale Excess Capacity Provide Hope For The Industry?
  • According to a Securities and Exchange Commission (SEC) filing , Core Scientific will not be able to make debt payments due in October and November.
  • These bankruptcy stories seem to highlight that there may be extreme financial and infrastructure undersupply in the cryptocurrency mining sector.
  • With a growing undersupply of crypto mining infrastructure, Mawson Infrastructure Group Inc.s (NASDAQ: MIGI) large-scale excess infrastructure capacity could provide some hope for the industry.

Mawson Infrastructure Group, Inc. Announces Financial Results for Third Quarter 2022

Retrieved on: 
Monday, November 14, 2022

Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) (Mawson), a digital infrastructure provider, is pleased to announce business highlights and financial results for the third quarter of 2022.

Key Points: 
  • Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) (Mawson), a digital infrastructure provider, is pleased to announce business highlights and financial results for the third quarter of 2022.
  • The Georgia facility exit is expected to result in an unaudited $18 million profit on sale, to be recognized in the fourth quarter of 2022.
  • Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia.
  • 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.