{"id":732574,"date":"2023-02-17T08:33:04","date_gmt":"2023-02-17T13:33:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mawson-infrastructure-group-inc-announces-january-2023-operational-update\/"},"modified":"2023-02-17T08:33:04","modified_gmt":"2023-02-17T13:33:04","slug":"mawson-infrastructure-group-inc-announces-january-2023-operational-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mawson-infrastructure-group-inc-announces-january-2023-operational-update\/","title":{"rendered":"Mawson Infrastructure Group Inc. Announces January 2023 Operational Update"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Mawson Infrastructure Group Inc. Announces January 2023 Operational Update<\/b><\/p>\n<p class=\"bwalignc\"><i>Mawson\u2019s installed operational capacity<\/i><i> as of January 31, 2023<\/i><i \/><i>was <\/i><i>approximately 50 Megawatts across Bitcoin Self-Mining and Hosting Co-location<\/i><i>s<\/i><\/p>\n<p class=\"bwalignc\"><i>Approximately $2.2m <\/i><i>in revenue for January 2023 <\/i><i>generated from Mawson\u2019s Energy Market Program ($0.3m), Self-mining ($0.6m) and Hosting customers ($1.3m).<\/i><\/p>\n<p>SHARON, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMawson Infrastructure Group Inc. (NASDAQ:MIGI) (\u201cMawson\u201d or the \u201cCompany\u201d), a digital infrastructure provider, announced today its unaudited Bitcoin production and operational update for January 2023.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230217005006\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230217005006\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230217005006\/en\/1714742\/4\/MIGI_PR_Photo_2-17-23.jpg\" alt=\"Aerial view of Midland, Pennsylvania facility expansion (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Aerial view of Midland, Pennsylvania facility expansion (Photo: Business Wire)<\/p>\n<\/div>\n<p><b><i>James Manning, CEO commented, <\/i><\/b><i>\u201cIn January our diversified revenue model continued to deliver, with $1.3m from our Hosting operations, $0.6m from Self-Mining and a contribution from our Energy Markets Program of $0.3m. We anticipate our Energy Markets Program will improve toward the end of Q1. We are particularly excited about the doubling of our operations at the Midland PA site with the expansion to 100MW coming online in Q2.\u201d<\/i><\/p>\n<p><b>January Bitcoin Self-Mining, Energy Market Program &amp; Hosting Co-location Results Update<sup>1<\/sup>:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nTotal Self-Mining Bitcoin Production: 34.93\n<\/li>\n<li>\nTotal Revenue equivalent in BTC: 116.25<sup>2<\/sup><\/li>\n<li>\nSelf-Mining Miners Installed: 5,880\n<\/li>\n<li>\nEnergy Market Program revenue: approximately $0.3m\n<\/li>\n<li>\nHosting Co-location installed capacity: 34 MW\n<\/li>\n<li>\nHosting Co-location revenue: $1.3m\n<\/li>\n<li>\nTotal installed capacity across Bitcoin Self-Mining and Hosting Co-location: 50 MW\n<\/li>\n<\/ul>\n<p><b>Closing of Australian Asset<\/b><\/p>\n<p>\nIn January, Mawson completed the shutdown of the facility located in Condong, NSW, Australia. This was a strategic decision to concentrate all resources on the expanding operations in the USA. All equipment from the site is being sent to Mawson\u2019s operations in PA where the company has 220MW of capacity available, and is scheduled to be online in Q2, 2023.\n<\/p>\n<p><b>2023 Operational Focus<\/b><\/p>\n<p>\nMawson looks to advance in 2023 through:\n<\/p>\n<ol class=\"bwlistdecimal\">\n<li>\nExpansion of Bitcoin Self-Mining and Hosting Co-location operations to 4.5 Exahash by early Q2, 2023 and to our projected 8.0 Exahash by Q4, 2023<sup>3<\/sup>.\n<\/li>\n<li>\nContinue the expansion of its 220-megawatt Pennsylvania facilities where the company has favorable energy contracts and expansion opportunities.\n<\/li>\n<li>\nContinue with its Energy Markets Program, which generates revenue and reduces overall costs of production.\n<\/li>\n<li>\nContinue to secure a portfolio of sites in its preferred geographies and jurisdictions for long term digital infrastructure capacity.\n<\/li>\n<li>\nDevelop strategic partnerships and relationships with customers and communities.\n<\/li>\n<li>\nContinue to offer reliable hosting services to miners in addition to increasing self-mining capacity.\n<\/li>\n<\/ol>\n<p><b>About Mawson Infrastructure<\/b><\/p>\n<p>\nMawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson\u2019s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. 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.\n<\/p>\n<p>\nFor more information, visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.mawsoninc.com&amp;esheet=53326737&amp;newsitemid=20230217005006&amp;lan=en-US&amp;anchor=www.mawsoninc.com&amp;index=1&amp;md5=34b4a7f55371db756afdc92eae547576\">www.mawsoninc.com<\/a><\/p>\n<p><b>Statements about hashrate capacity<\/b><\/p>\n<p>\nStatements in the press release about hashrate capacity (including \u2018installed capacity\u2019) or \u2018nameplate\u2019 capacity, will often differ from the actual or observed hashrates. Hashrate capacity or \u2018nameplate\u2019 capacity generally makes certain assumptions about the efficiency of the ASIC miners that are in use. Some ASIC miner models will consume less power to create the same amount of hashing power than other ASIC miner models (typically more recent models are more efficient). Many ASIC miner fleets are blended fleets, including various ASIC miner models each with different efficiency ratings. Hashrate capacity figures typically assume 100% deployment of ASIC miners. Given the large numbers of computing units (often numbering in the tens of thousands), ASIC mining fleets are rarely 100% deployed and online at any one time. This can be due to a variety of factors, including ASIC miners being under maintenance, in repair workshops, in storage, in transit, or due to technical faults and breakdowns. Once deployed and online, the actual or observed hashrate can be influenced by other factors such as heat, overclocking (causing the ASIC miner to perform at levels higher than the manufacturer\u2019s specifications), the age, and wear and tear exhibited by the ASIC miners and also by the limitations of the surrounding infrastructure, such as power outages, and MDC and transformer breakdowns. Construction and development delays are a common risk for mining data centers, for example due to weather, permitting delays, or labor and equipment shortages. Investors should consider all risk factors related to uptime when considering these figures, which are a best-case scenario. The above information is for general information purposes only, and are forward looking statements which should not be relied upon as being necessarily indicative of future results. Mawson takes no responsibility for the accuracy of third-party information, including websites. Please see our Risk Factors in our Annual Report on Form 10-K filed March 21, 2022, under the Sub-Heading Risks Relating to Our Business and Management for important risks related to our Self-Mining.\n<\/p>\n<p><b>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p>\nMawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d and \u201cwill,\u201d among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson\u2019s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson\u2019s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading \u201cRisk Factors\u201d included in Mawson\u2019s Annual Report on Form 10-K filed with the SEC on March 21, 2022, and Mawson\u2019s Quarterly Report on Form 10-Q filed with the SEC on August 22, 2022, November 14, 2022 and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.\n<\/p>\n<p><sup>1<\/sup> All figures unaudited, and as at January 31, 2023.<br \/>\n<br \/><sup>2<\/sup> Being the total of Mawson\u2019s Self-mined BTC, and BTC equivalents of the USD earned under our Energy Market Program and Hosting business. Based on average Bitcoin price in January of $20,028.<br \/>\n<br \/><sup>3<\/sup> Assumes and is subject to successful acquisition or leasing of multiple sites and then their successful and timely development. Several sites are currently under review and in active negotiation by Mawson.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230217005006r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230217005006\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230217005006\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contact:<br \/>\n<\/b><br \/>Brett Maas<br \/>\n<br \/>646-536-7331<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:brett@haydenir.com\">brett@haydenir.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.haydenir.com&amp;esheet=53326737&amp;newsitemid=20230217005006&amp;lan=en-US&amp;anchor=www.haydenir.com&amp;index=2&amp;md5=b40c1e6d0fa47115afc6b532cefdb9a1\">www.haydenir.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Australia\/Oceania Australia United States North America Pennsylvania<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Cryptocurrency Energy Professional Services Other Energy Utilities<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230217005006\/en\/1714742\/3\/MIGI_PR_Photo_2-17-23.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Aerial view of Midland, Pennsylvania facility expansion (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Mawson Infrastructure Group Inc. Announces January 2023 Operational Update Mawson\u2019s installed operational capacity as of January 31, 2023was approximately 50 Megawatts across Bitcoin Self-Mining and Hosting Co-locations Approximately $2.2m in revenue for January 2023 generated from Mawson\u2019s Energy Market Program ($0.3m), Self-mining ($0.6m) and Hosting customers ($1.3m). SHARON, Pa.&#8211;(BUSINESS WIRE)&#8211; Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (\u201cMawson\u201d or the \u201cCompany\u201d), a digital infrastructure provider, announced today its unaudited Bitcoin production and operational update for January 2023. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230217005006\/en\/ Aerial view of Midland, Pennsylvania facility expansion (Photo: Business Wire) James Manning, CEO commented, \u201cIn January our diversified revenue model continued to deliver, with $1.3m from our Hosting operations, $0.6m from Self-Mining and a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mawson-infrastructure-group-inc-announces-january-2023-operational-update\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mawson Infrastructure Group Inc. Announces January 2023 Operational Update&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-732574","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mawson Infrastructure Group Inc. Announces January 2023 Operational Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mawson-infrastructure-group-inc-announces-january-2023-operational-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mawson Infrastructure Group Inc. Announces January 2023 Operational Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Mawson Infrastructure Group Inc. Announces January 2023 Operational Update Mawson\u2019s installed operational capacity as of January 31, 2023was approximately 50 Megawatts across Bitcoin Self-Mining and Hosting Co-locations Approximately $2.2m in revenue for January 2023 generated from Mawson\u2019s Energy Market Program ($0.3m), Self-mining ($0.6m) and Hosting customers ($1.3m). SHARON, Pa.&#8211;(BUSINESS WIRE)&#8211; Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (\u201cMawson\u201d or the \u201cCompany\u201d), a digital infrastructure provider, announced today its unaudited Bitcoin production and operational update for January 2023. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230217005006\/en\/ Aerial view of Midland, Pennsylvania facility expansion (Photo: Business Wire) James Manning, CEO commented, \u201cIn January our diversified revenue model continued to deliver, with $1.3m from our Hosting operations, $0.6m from Self-Mining and a &hellip; Continue reading &quot;Mawson Infrastructure Group Inc. 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Announces January 2023 Operational Update - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/mawson-infrastructure-group-inc-announces-january-2023-operational-update\/","og_locale":"en_US","og_type":"article","og_title":"Mawson Infrastructure Group Inc. Announces January 2023 Operational Update - Market Newsdesk","og_description":"Mawson Infrastructure Group Inc. Announces January 2023 Operational Update Mawson\u2019s installed operational capacity as of January 31, 2023was approximately 50 Megawatts across Bitcoin Self-Mining and Hosting Co-locations Approximately $2.2m in revenue for January 2023 generated from Mawson\u2019s Energy Market Program ($0.3m), Self-mining ($0.6m) and Hosting customers ($1.3m). SHARON, Pa.&#8211;(BUSINESS WIRE)&#8211; Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (\u201cMawson\u201d or the \u201cCompany\u201d), a digital infrastructure provider, announced today its unaudited Bitcoin production and operational update for January 2023. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230217005006\/en\/ Aerial view of Midland, Pennsylvania facility expansion (Photo: Business Wire) James Manning, CEO commented, \u201cIn January our diversified revenue model continued to deliver, with $1.3m from our Hosting operations, $0.6m from Self-Mining and a &hellip; Continue reading \"Mawson Infrastructure Group Inc. Announces January 2023 Operational Update\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/mawson-infrastructure-group-inc-announces-january-2023-operational-update\/","og_site_name":"Market Newsdesk","article_published_time":"2023-02-17T13:33:04+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20230217005006\/en\/1714742\/4\/MIGI_PR_Photo_2-17-23.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mawson-infrastructure-group-inc-announces-january-2023-operational-update\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mawson-infrastructure-group-inc-announces-january-2023-operational-update\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Mawson Infrastructure Group Inc. 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