Seeking Alpha
2023-02-17 14:08:15

Mawson reports January bitcoin production of 34.93

Mawson Infrastructure ( NASDAQ: MIGI ) said Friday its total self-mining bitcoin production was 34.93 in January, with total revenue equivalent in BTC of 116.25 for the month. The company generated revenue of about $2.2 million in January from its Energy Market Program, self-mining and hosting customers. Mawson said its installed operational capacity as of January 31, 2023 was about 50 MW across bitcoin self-mining and hosting co-locations. The company said it anticipates Energy Markets Program to improve toward the end of Q1. The company said it doubled the size of operations at its Midland PA site with the expansion to 100MW coming online in Q2. In January, the company completed the shutdown of the facility located in Condong, NSW, Australia to concentrate all expansion efforts in the USA. All equipment from NSW, Australia is being sent to Mawson’s operations in PA, USA where the company has 220MW of capacity available, and is scheduled to be online in Q2, 2023.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.