Mawson Infrastructure Group Inc. Announces April 2022 Bitcoin Self-Mining, Hosting Co-location and Operational Update

Mawson produced file 171 Self-Mined Bitcoin in April, +384% vs April 2021

Mawson Self-Mining and Internet hosting Co-location working at roughly 2.4 Exahash as at finish April, anticipated to rise to roughly 3.3 Exahash by finish Might 2022, +37.5% month on month

Mawson now has over 36,000 ASIC Bitcoin Miners deployed at its amenities throughout the USA and Australia throughout its Self-Mining and Internet hosting Co-location companies, +63% vs March 2022

Self-Mining anticipated to be working at roughly 1.8 Exahash finish of Might, producing roughly 8.0 Bitcoin per day1

630 Bitcoin produced in FY 2022 to finish of April

SYDNEY & NEW YORK, Might 12, 2022–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure supplier, proclaims unaudited Bitcoin manufacturing and operational replace for April 2022.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/dwelling/20220512005661/en/

(Graphic: Enterprise Wire)

Mawson Self-Mining and Internet hosting Co-location working at roughly 2.4 Exahash as at finish of April, anticipated to rise to roughly 3.3 Exahash by finish of Might 2022.

Bitcoin Self-Mining Replace:

In April Mawson produced 171 Bitcoin, +384% vs April 2021

April common hash charge at roughly 1.3 Exahash, +583% vs April 2021

April finish of month hash charge at roughly 1.4 Exahash, +679% vs April 2021

Might finish of month hash charge anticipated to be roughly 1.8 Exahash, producing roughly 8.0 Bitcoin per day[2]

Internet hosting Co-location Replace:

Mawson Internet hosting Co-location at 28 megawatts on-line finish of April (+75% vs March 2022), anticipated to rise to roughly 52 megawatts on-line by finish of Might (+85% vs April 2022), as Mawson clients Celsius Mining LLC (100 megawatts) and Foundry Digital LLC (12 megawatts) deployments are scaled up

Operational Replace:In April Mawson continued to construct out and increase its present and new amenities within the USA and Australia. ASIC Bitcoin miners proceed to be delivered on a month-to-month foundation, with a batch of Canaan A1246 miners delivered throughout the month. April was characterised by an increase in community issue. Regardless of this, month-to-month Bitcoin manufacturing was up +1% vs March 2022, and up +384% vs April 2021. Mawson now has over 36,000 ASIC Bitcoin Miners deployed at its amenities throughout the USA and Australia throughout its Self-Mining and Internet hosting Co-location companies, up from 22,000 in March 2022.

Story continues

Midland, Pennsylvania facility – Modular Information Facilities (MDCs) now being rolled out progressively, web site anticipated to have roughly 52 megawatts of mining {hardware} on-line by the top of Might 2022.

Sandersville, Georgia facility: 38 Modular Information Facilities (MDCs) on-line, web site now absolutely operational at roughly 80 megawatts. Stage 3 enlargement permitted to 230 megawatts (able to accommodating as much as 7.5 Exahash) with growth planning for 150 megawatt enlargement commencing in June 2022.

New South Wales, Australia facility: Website commissioning ongoing, with operational ramp up anticipated to happen steadily all through Might and June, with roughly 0.1 Exahash on-line by the top of Might. The power is anticipated to be absolutely operational with roughly 0.4 EH on-line by June 2022.

Anticipated Hash Price Development:Mawson expects Bitcoin Self-Mining to be at 4.0 EH by Q3, 2022, and goal of 5.5 EH on-line by early Q1 2023 reiterated.

James Manning, CEO and Founding father of Mawson, mentioned, “April was operationally strong for the enterprise, with a very pleasing lead to our internet hosting co-location enterprise ramp up, the place we expanded from 16 megawatts on-line in March, to twenty-eight megawatts on-line in April. We count on this to rise to 52 megawatts on-line by the top of Might, as we progressively roll out and increase our second main Bitcoin mining facility within the city of Midland, Pennsylvania. The Mawson workforce continued to increase over the month with extra high-quality people becoming a member of the Mawson household. We anticipate a significant step up in our Bitcoin Self-Mining operations in Might, to 1.8 Exahash, and count on additional strong development on this entrance in Might and June.”

About Mawson InfrastructureMawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure supplier, with a number of operations all through the USA and Australia. Mawson’s vertically built-in mannequin is predicated on a long-term technique to advertise the worldwide transition to the brand new digital economic system. Mawson matches sustainable power infrastructure with next-generation Cell Information Heart (MDC) options, enabling low-cost Bitcoin manufacturing and on-demand deployment of infrastructure property. With a robust give attention to shareholder returns and an aligned board and administration, Mawson Infrastructure Group is rising as a worldwide chief in ESG targeted Bitcoin mining and digital infrastructure.

For extra data, go to: www.mawsoninc.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Mawson cautions that statements on this press launch that aren’t an outline of historic truth are forward-looking statements inside the which means of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases referencing future occasions or circumstances corresponding to “count on,” “intend,” “plan,” “anticipate,” “imagine,” and “will,” amongst others. As a result of such statements are topic to dangers and uncertainties, precise outcomes might differ materially from these expressed or implied by such forward-looking statements. These forward-looking statements are primarily based upon Mawson’s present expectations and contain assumptions which will by no means materialize or might show to be incorrect. Precise outcomes and the timing of occasions may differ materially from these anticipated in such forward-looking statements on account of numerous dangers and uncertainties, which embrace, with out limitation, the likelihood that Mawson’s want and talent to boost further capital, the event and acceptance of digital asset networks and digital property and their protocols and software program, the discount in incentives to mine digital property over time, the prices related to digital asset mining, the volatility within the worth and costs of cryptocurrencies and additional or new regulation of digital property. Extra detailed details about the dangers and uncertainties affecting Mawson is contained beneath the heading “Threat Components” included in Mawson’s Annual Report on Type 10-Ok filed with the SEC on March 21, 2022 and Mawson’s Quarterly Report on Type 10-Q filed with the SEC on November 15, 2021, and in different filings Mawson has made and will make with the SEC sooner or later. One mustn’t place undue reliance on these forward-looking statements, which converse solely as of the date on which they have been made. As a result of such statements are topic to dangers and uncertainties, precise outcomes might differ materially from these expressed or implied by such forward-looking statements. Mawson undertakes no obligation to replace such statements to mirror occasions that happen or circumstances that exist after the date on which they have been made, besides as could also be required by regulation.

1,2 Bitcoin produced per day is predicated on community issue as at Might 10 2022. Assumes all gear deployed and 100% on-line, plus the development of all contracted websites on time, precise outcomes are prone to fluctuate in a adverse method. Development delays are frequent and it’s uncommon for all gear to be deployed and 100% on-line, nevertheless correct historic downtime averages are tough to calculate and in addition might not present an correct image attributable to variations transferring ahead. Traders ought to think about all danger components associated to uptime when contemplating these figures, that are a finest case situation. Please see Coinwarz Bitcoin Mining Calculator at https://www.coinwarz.com/mining/bitcoin/calculator. The above data is for normal data functions solely, shouldn’t be thought of ahead trying statements and Mawson takes no accountability for the accuracy of third get together data, together with web sites. On-line calculator excludes overheads and costs (besides pool charges).

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Contacts

Investor Contact: Brett Maas646-536-7331[email protected] www.haydenir.com