Australia and U.S.-based, Mawson Infrastructure Group, Inc. (NASDAQ: MIGI) is a digital infrastructure provider with a vertically integrated model with a long-term strategy to promote the global transition to the new digital economy.
MIGI’s Q1 2022 financial report showed impressive growth, which promises 2022 will be an exciting year for the emerging NASDAQ listed bitcoin miner.
"Q1 2021 was a solid operational quarter for our business. We significantly increased our Bitcoin self-mining operational footprint, producing 459 Bitcoin in Q1, delivered Q1 revenue of $19.4 million, up 178% vs Q1 2021, delivered Q1 gross profit of $11.0 million, up 138% vs Q1 2021, and posted Q1 non-GAAP EBITDA of $4.5 million, up 160% vs Q1 2021.
James Manning, CEO and Founder of Mawson Infrastructure
Mawson Infrastructure Group, Inc (NASDAQ: MIGI) is an emerging leader in the digital economy market.
Digital coin, cryptocurrency, bitcoin; are all pretty common words these days with more attention than ever on the digital economy. In fact, as of March 2022, more than 81 million people created digital wallets on blockchain.com. That number is up 72% from 2018!
More people are jumping into cryptocurrency, mainly because of how easy it has become to trade digital assets, a CNBC/Momentive Invest in You survey found. More than 10% of those surveyed said they're invested in cryptocurrency, ranking the digital coins fourth after real estate, stocks, mutual funds and bonds.
MIGI is a digital infrastructure provider with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy.
MIGI matches sustainable energy infrastructure with next-generation mobile data centre (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, MIGI is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.
The company currently operates a flagship facility in Sandersville, Georgia. Today Mawson has large scale facilities in Sandersville, GA and Midland, PA. Mawson also operates a facility with Quinbrook in Condong, NSW, Australia. The company has a qualified pipeline of more than 1GW of power!
MIGI’s blockchain mining division leverages the latest in compute technology to consistently deliver high yield per kw/hr. With a dedicated research and development department, MIGI is leading the way in creating efficiency in digital asset creation transactions.
The company’s strategic partnership with vendors such as Canaan.io, a world leader in cryptocurrency mining architecture, allows for their mining facility to “scale-on-demand" as the asset class value increases.
With a dedicated R&D team, MIGI is constantly seeking alternative options to reduce energy consumption and limit its environmental impact in accordance with its ESG policy.
A major development in compute lifecycle management is harnessing Liquid Immersion Technology which was proven to yield greater performance, longer system life and higher uptime than traditional air-cooled system architecture.
Luna Squares, a subsidiary of MIGI, strategically positions itself as a leader in energy efficient, purpose built, hosting infrastructure that has been designed exclusively for the operation of blockchain based High Performance Computing.
By establishing its facilities close to key energy sources, including renewables, Luna Squares delivers a scalable platform that meets both current and future sustainability targets.
The company provides wholesale hosting solutions for medium to large scale mining operations at sites located throughout the USA.
Luna’s Modular Data Centre (MDC) design is both scalable and flexible to allow for rapid deployment of new customer facilities, without upfront sunk capital being stranded in
unutilized data-centre real estate. This innovative model allows for significant commercial benefit to the operational cost of the company whilst providing limitless scalability to future customers deployments.
Significant Intellectual Property (IP) sits within our MDC's, hardware purchases and site selection process - including power contracts, site layout and construction, MDC configuration, cooling, sysops and network management. A key part of Luna’s service offering is to ensure optimal facilities for its customers that met both performance and cost benchmarks, day in and day out.
The DIGA ETF is designed to provide access to global leaders listed on national exchanges with a focus on cryptocurrency asset mining and infrastructure.
Bitcoin-only wholesale fund for sophisticated and institutional investors.
“February was another solid month of operational growth for the group – we produced a record 152 Bitcoin – the highest amount of self-mined Bitcoin in the company’s history."
James Manning, CEO and Founder of Mawson
The CBTC holds units in the Purpose Bitcoin ETF (BTCC.U), the world’s first physically settled Bitcoin ETF, with approximately US$1.2BN in Assets Under Management – An investment in CBTC gives investors access to the underlying Bitcoin asset, in a regulated, familiar, liquid and publicly listed structure.
MIGI plans to deliver 100 megawatts (MWs) of distributed energy resources to the PJM electricity grid in 2022.
Mawson is building a new 100 MW cryptomining facility on the grounds of a former industrial site in Midland, Pennsylvania with the intention of bringing 50 MWs of load online by March 2022 and an additional 50 MWs by June 2022. This capacity is expected to be available to PJM’s grid operators as a grid balancing resource 24/7/365 through the Voltus DER marketplace software platform
The company has signed a new 12 megawatt (MW) hosting co-location agreement with Foundry Digital LLC, bringing total hosting co-location under Mawson’s Luna Squares LLC business to 114 MW, up from 2 MW as at 31 December, 2021.
Australia and U.S-based, Mawson Infrastructure Group, Inc (NASDAQ: MIGI) is a digital infrastructure provider with a vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy.
The company’s plans for 2022 could bring in even more impressive growth and revenue. The revenue grew 178% from last year alone, which proves MIGI is on its way to becoming a leader!
The company is also a member of the Crypto Climate Accord (CCA). The CCA, inspired by the Paris Climate Agreement, is a private sector-led initiative for the entire crypto community focused on decarbonizing the cryptocurrency and blockchain industry.
The company is also a member of the Bitcoin Mining Council (BMC). This council was created to promote transparency and educate the public on Bitcoin mining. BMC members agree to voluntarily share their energy mix and hashrate size, because they believe it is important to be transparent about energy usage for mining.
The company also recently announced the exciting listing of Cosmos Asset Management’s (the company’s second product, the Cosmos-Purpose Bitcoin Access ETF.
An investment in CBTC gives investors access to the underlying Bitcoin asset, in a regulated, familiar, liquid and publicly listed structure.
With a sustainable focus, impressive, strategic partnerships and explosive revenue growth, Mawson Infrastructure Group, Inc (NASDAQ: MIGI) is climbing to the top of our watch-list!
Mawson Infrastructure Group, Inc.. is a client of Tradigital IR, an investor relations and communications firm. Please see our disclosures in the research report as well as on our website www.Tradigitalir.com.
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