Seeking Alpha
2022-01-19 14:28:12

Mawson Infrastructure Group expects to operate at ~1.1 EH by Jan-end

Mawson Infrastructure Group (OTCQB:MIGI) expects to operate at ~1.1 EH by the end of January, +38% higher than the company’s November update, and produce ~5.8 Bitcoin per day. It currently operates above 1.0 EH. The company’s expansion in Sandersville, Georgia is progressing rapidly, with an additional 60MW of energy now available, taking the facility to 100MW of capacity. Its Midland, Pennsylvania facility phase 1 of 50MW is on track to be energized in Q122, with phase 2 on track to be energized in Q222, for a total of 100MW. The expansions positions the company to operate at 3.35 EH by Q222 and reach 5.0 EH target by early Q123. Mawson's facilities and contracted power currently sit at 220MW, plus a pipeline of over 1GW of energy.

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