Business
Mawson Infrastructure Group Inc. Announces November 2022 Operational Update
Mawson’s installed operational capacity at approximately 2.5 Exahash as at the end of November across Bitcoin Self-Mining and Hosting Co-location
About this update from Cleanspark, Inc.
[{"type":"text","content":"\nMawson’s installed operational capacity at approximately 2.5 Exahash as at the end of November across Bitcoin Self-Mining and Hosting Co-location\n\nApproximately $1.6 Million generated from Mawson’s Energy Market Program in November, $9.9 Million generated in 2022 year-to-date\n\n SHARON, Pa. & SYDNEY--(BUSINESS WIRE)--\nMawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announces unaudited Bitcoin production and operational update for November 2022.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221219005519/en/Aerial view of Midland, Pennsylvania facility expansion (Photo: Business Wire)\n“November saw the Mawson team focus on development activities at its Pennsylvania facilities, with the expansion to 220 megawatts underway. Our Midland, Pennsylvania facility is expected to be expanded to 100 megawatts in Q1 2023, with our 120-megawatt Sharon, Pennsylvania facility expected to see the first 12 megawatts energized in Q1, 2023. Our Energy Markets Program continues to perform, with $1.6 million generated in November, bringing the 2022 year-to-date revenue to $9.9 million. Having initiated this program in late Q2, we are pleased with this result for the year to date – this flexible program has provided an alternate source of revenue in a tough economic environment. Mawson’s diversified revenue model, which combines our Bitcoin Self-Mining, Hosting Co-location and Energy Markets Program, has ensured we continue to perform solidly,” said James Manning, CEO.\n\nNovember Bitcoin Self-Mining, Energy Market Program & Hosting Co-location Update:\n\n\nEquivalent total Bitcoin Production: 124\n\n\nEquivalent BTC production from Energy Market Program: 90 (based on average price of Bitcoin in November of $17,804)\n\n\nSelf-Mined Bitcoin produced: 34\n\n\nSelf-Mining Installed Capacity: 1 Exahash\n\n\nYear to date self-mined Bitcoin: 1,320\n\n\nEnergy Market Program revenue: approximately $1.6 million\n\n\nYear to date Energy Market Program revenue: approximately $9.9 million\n\n\nHosting Co-location installed capacity: 1.9 Exahash\n\n\nHosting Co-location megawatts online as at end October: approximately 64 Megawatts\n\n\nTotal installed capacity across Bitcoin Self-Mining and Hosting Co-location: 2.9 Exahash\n\n\nSa...