New York, NY – (NewMediaWire) – November 18, 2021 – Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, was recently the subject of an article by leading financial news website and publisher SmallCapsDaily. The coverage is an in-depth overview of Mawson Infrastructure’s progress and advancement within the burgeoning cryptocurrency mining industry. An increasingly important sector, as cryptocurrencies become more widely adopted and accepted, cryptocurrency mining is set to become a $21 billion industry by 2027. Mawson is distinctly positioned to leverage the imminent growth in the cryptocurrency mining industry and SmallCapsDaily’s reporting illustrates this.
Mawson operates out of multiple locations, which contain modular data centers with specially designed high-performance computing capabilities. Due to the modular capabilities, Mawson is able to scale on demand as the value of digital assets increase, while simultaneously keeping operations 100% carbon neutral. Mawson has two site facilities in the United States and recently brought their first Australia facility online in October 2021. Based on recent expansion and the success of their “infrastructure first” strategy for the deployment and scaling of new and current facilities, Mawson is quickly becoming a major force within the cryptocurrency world.
For more detailed information, please read our coverage found here: https://smallcapsdaily.com/mawson-infrastructure-group-the-carbon-neutral-cryptocurrency-mining-company-set-to-dominate-the-market/
Mawson has 2 operating facilities in the U.S. and is managing a total peta-hash capacity of 400PH, mining 3 BTC/day. The company’s goal is to increase their hash rate to 5000PH (equating to roughly 39 BTC today depending on price), while keeping operations 100% carbon neutral.
Mawson recently brought their first Australian facility online at the end of October and announced it will be powered by 100% renewable energy sources by partnering with Quinbrook Infrastructure Partners. To facilitate the expansion into their new Australian based facility and to increase the capacity of existing facilities, Mawson has purchased 4,000 new ASIC bitcoin miners.
Mawson’s third quarter saw revenue increase to $10.9 million, marking a 1,100% increase from last year’s Q3. Gross profit increased to $8.4 million (compared to $44,000 in 2020) and virtually every other financial metric saw an improvement when compared to previous results.
Mawson recently announced the purchase of an additional 17,352 bitcoin miners, which will in part be used to outfit their newly announced, brand new 100MW facility located in Pennsylvania.
About Mawson Infrastructure
Mawson Infrastructure is a digital infrastructure provider, headquartered in Sydney, Australia and operating across the USA and Australia. Mawson Infrastructure’s mission is to build a bridge between the rapidly emerging digital asset industry and traditional capital markets, with a strong focus on shareholder returns. Mawson matches energy infrastructure with next-generation mobile data centre solutions, enabling the proliferation of blockchain technology.
For more information, visit: www.mawsoninc.com
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