Mawson Infrastructure Group In Stock Price, News & Analysis

Mawson Infrastructure Group (OTCQB:MIGI) has appointed Craig Hibbard as Chief Development Officer (CDO). Hibbard brings over 15 years of executive experience, previously working with Iris Capital and managing projects valued at over $700 million. His role will focus on project deployment across Mawson’s facilities in the US and Australia. CEO James Manning expressed optimism about Hibbard’s extensive development experience aiding the company's growth in the digital infrastructure sector as it expands operations.

Mawson Infrastructure Group (OTCQB:MIGI) has appointed Hetal Majithia as its new Chief Financial Officer. With over 10 years of experience as a chartered accountant at PwC and KPMG, Hetal holds an Honours degree in Economics from the University of Southampton. CEO James Manning expressed confidence in her ability to drive value as the company expands its global operations. Mawson operates across cryptocurrency mining and digital asset management, focusing on bridging the digital asset industry and traditional capital markets.

Mawson Infrastructure Group (OTCQB:MIGI) has purchased an additional 17,352 ASIC bitcoin miners from Canaan (NASDAQ:CAN), enhancing its mining capacity by over 1.5EH. These miners, Avalon A1166 and A1246 models, will be deployed in the USA and Australia, with operations beginning in Q4 2021 and extending into 2022. CEO James Manning expressed satisfaction with the partnership and reaffirmed the company’s goals of reaching 2000 PH by the end of 2021 and 5000 PH by 2022. Mawson aims to connect digital assets with traditional capital markets, emphasizing shareholder returns.

Mawson Infrastructure Group (OTCQB:MIGI) has successfully completed an oversubscribed private offering of approximately US$37 million in common stock, backed by institutional and high net worth investors. The funds will be utilized to expand its bitcoin mining operations, specifically through acquiring additional ASIC mining hardware and enhancing infrastructure. CEO James Manning emphasized Mawson's commitment to efficient capital use and reiterated its growth targets of 2000 PH by the end of 2021 and 5000 PH by the end of 2022, marking a strategic step in their expansion in the digital asset sector.

Mawson Infrastructure Group (OTCQB:MIGI) has announced significant hardware acquisitions to enhance its digital infrastructure capabilities. The company received 250 Bitmain Antminer S19 Pro miners and expects 1,158 Avalon A1246 miners from Canaan before August. This expansion is projected to add ~125 PH to its existing operations. At its Georgia site, Mawson anticipates a break-even cost of under $4,000 per Bitcoin, with gross margins exceeding 80%. The company's renewable energy use aligns with its Net Zero 2030 strategy, aiming for a total capacity of 5,000 PH by the end of 2022.

Mawson Infrastructure Group (OTCQB:MIGI) has submitted an application to list its shares on the Nasdaq Capital Market. The listing is contingent on Nasdaq's approval and meeting regulatory requirements. CEO James Manning emphasized that this move aims to enhance liquidity, corporate visibility, and shareholder value, following the company's reverse-merger to the OTC Market in March. Mawson is focused on bridging digital assets with traditional capital markets through its diversified operations in cryptocurrency mining and digital asset management.

Mawson Infrastructure Group (OTCQB:MIGI) has increased its ownership in Luna Squares LLC from 50% to 90%, acquiring an additional 40%. This strategic move secures Mawson's position in a rapidly growing bitcoin mining facility located in Georgia, USA, which has expanded from 3MW to over 12MW in capacity by mid-2021. The facility has over 100MW of future power capacity to support both third-party clients and Mawson’s proprietary operations. CEO James Manning emphasizes the facility's importance as a cornerstone of Mawson's business.

Mawson Infrastructure Group (OTCQB:MIGI) has announced the acquisition of 800 Avalon 1166 bitcoin miners from Canaan Inc (CAN:NAS), enhancing its mining operations by adding 60 PetaHash in the U.S. The miners are now operational, aimed at boosting revenue amidst industry supply constraints. Mawson also expects to receive an additional 1176 A1246 units, slated to add another ~100 PetaHash later this month. These developments are part of a broader strategy to continuously deploy new units through January 2022.

Mawson Infrastructure Group (OTCQB: MIGI) has officially changed its ticker symbol from 'WIZP' to 'MIGI' as of April 27, 2021. This change aligns with the company's recent name change to better represent its operations in Cryptocurrency Mining and Digital Asset Management. Mawson aims to connect the digital asset sector with traditional capital markets, focusing on shareholder returns and employing innovative energy infrastructure methods.