Mawson Infrastructure Group In Stock Price, News & Analysis

Mawson Infrastructure Group (NASDAQ:MIGI) reported a strong operational update for January 2022, producing 140 Bitcoin and achieving an average hash rate of approximately 0.9 EH, increasing to 1.1 EH by the end of the month. The company anticipates its self-mining hash rate will reach 1.35 EH by February, with production estimated at 6.5 Bitcoin per day. The firm is expanding its facilities in Georgia, Pennsylvania, and Australia, aiming for a total hash rate of 3.35 EH by Q2 2022 and 5 EH by early Q1 2023.

Mawson Infrastructure Group (NASDAQ:MIGI) has appointed Heath Donald as Chief Marketing Officer and Tom Hughes as General Counsel. Both bring extensive experience to their roles, with Hughes holding over 15 years in legal positions, previously serving at HUB24 Ltd, while Donald has over 20 years in technology and marketing, having founded No Names Digital Inc. CEO James Manning expressed confidence in their contributions as the company expands operations in the USA and Australia, focusing on digital infrastructure and sustainable practices.

Mawson Infrastructure Group (NASDAQ:MIGI) partners with Voltus to deliver up to 100MW of energy resources to the PJM Interconnection grid in 2022. A new Bitcoin mining facility is being established in Midland, Pennsylvania, aiming to bring 50MW online by March 2022 and another 50MW by June 2022. The company has signed a 5-year Power Purchase Agreement with Energy Harbor for 100% carbon-free energy at this facility. This collaboration enhances Mawson's digital infrastructure strategy while supporting grid reliability and promoting sustainable energy use.

Mawson Infrastructure Group (NASDAQ: MIGI) and Voltus, Inc. announce plans for a new 100 megawatt cryptomining facility in Midland, Pennsylvania, aimed at reducing energy consumption and environmental impacts by utilizing distributed energy resources (DER) software. The facility aims to bring 50 MWs online by March 2022 and an additional 50 MWs by June 2022, contributing to the PJM electricity grid. This strategic partnership positions Mawson as a leader in sustainable energy and digital infrastructure as it seeks to enhance efficiency in cryptomining while supporting grid reliability.

Mawson Infrastructure Group (NASDAQ:MIGI) announced a significant advancement in its Bitcoin self-mining capabilities, currently operating above 1.0 EH and projecting to reach approximately 1.1 EH by the end of January 2022. This marks a 38% increase from the previous update, yielding about 5.8 Bitcoin per day. Expansion efforts at facilities in Georgia and Pennsylvania are underway, with Georgia achieving an additional 60MW of energy capacity for a total of 100MW. The company also anticipates producing 3.35 EH by Q2 2022, aiming for 5.0 EH by early Q1 2023.

Mawson Infrastructure Group (NASDAQ:MIGI) will present at the Sidoti Winter Smallcap Virtual Investor Conference on January 20, 2022, at 8:30 AM ET. The virtual event allows Mawson management to engage in 1:1 investor meetings. Mawson operates in the USA and Australia, providing digital infrastructure solutions that support Bitcoin mining amid a growing digital economy. The company focuses on sustainability and shareholder returns. For registration details, visit Sidoti Winter Conference.

Mawson Infrastructure Group (NASDAQ:MIGI) released a report on the economic impact of Australia's cryptocurrency sector. The report emphasizes that in 2021, this industry contributed $2.1 billion to the Australian economy and created approximately 11,600 jobs. With further reforms, projections suggest a potential increase to $68.4 billion and over 200,000 jobs by 2030. Mawson highlights the need for a suitable regulatory framework to ensure the growth and security of the digital asset sector.

Mawson Infrastructure Group (NASDAQ:MIGI) will present at the B. Riley Securities Crypto Conference on December 8, 2021, in New York City. The event format includes a fireside chat and one-on-one investor meetings. Mawson management will also conduct investor meetings on December 9 and 10, 2021. The company focuses on sustainable energy solutions in the digital infrastructure sector, specifically in Bitcoin mining. For more information, contact Brett Maas at brett@haydenir.com.

Mawson Infrastructure Group (NASDAQ:MIGI) has joined the Crypto Climate Accord (CCA), a private sector initiative aimed at decarbonizing the cryptocurrency industry. This initiative aligns with Mawson's commitment to sustainability, pledging to use predominantly sustainable energy sources such as nuclear, wind, and hydro. Mawson aims for net-zero carbon emissions by 2030 and is focused on assisting the global transition to a decarbonized society. CEO James Manning expressed enthusiasm for collaborating with other organizations towards these environmental goals.