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Mawson Infrastructure Group Inc. Announces Shipping, Deployment and Operational Update of Bitcoin Miner

SYDNEY AND NEW YORK–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital infrastructure provider, is pleased to provide delivery, deployment and operational update of ASIC Bitcoin Miner.

Mawson has now received the latest shipment of A1246 ASIC Bitcoin Miners from Canaan, with the last batch of orders placed in 2021 rolling out to company operations in the coming months.

Current Bitcoin and broader market movements have seen Bitcoin Miner ASIC prices drop significantly, putting Mawson in a strong position to acquire new Bitcoin Miner ASICs at attractive prices when the time is right.

Mawson now has around 40,000 Bitcoin ASIC miners deployed across its self-mining and colocation hosting business, operating at a combined total of around 3.1 Exahash across all operations.

Mawson’s hosting colocation business continues to grow, with more than 56 megawatts rapidly deployed in the past 3 months, providing an additional revenue stream for the company beyond self-mining operations. Mawson’s bitcoin.

Mawson’s Australian operations are expected to be fully operational by the end of June, with approximately 5,376 Bitcoin ASIC miners in place at the site, currently operating at 0.2 Exahash, which are expected to increase to 0.4 Exahash by the 30th June, producing around 1.7 Bitcoin per day from this install alone based on the current network difficulty.

Mawson also announced this month that he will become a 33% shareholder of Tasmania Data Infrastructure Pty Ltd (“TDI”), where Mawson has sold around 1975 ASIC Bitcoin Miners and will license TDI to use the data center. Mawson Modular and associated technology. in exchange for 33% of the capital of TDI. TDI is developing a large-scale, 100% renewable energy bitcoin mining facility in Tasmania, Australia. Site work is expected to begin in the third quarter of 2022.

James Manning, CEO and Founder of Mawson, said, “Having now received the latest shipment of A1246 ASIC Bitcoin Miners from Canaan, we are now able to acquire new Bitcoin Miners at low prices when the time is right. This flexibility puts us in a strong position to take advantage of market conditions. As our hosting colocation has been the focus of the current quarter, we are now focused on wisely growing our self-checkout operations.

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations in the United States and Australia. Mawson’s vertical integration model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson combines sustainable energy infrastructure with next-generation mobile data center (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, Mawson Infrastructure Group is emerging as a global leader in ESG-focused Bitcoin mining and digital infrastructure.

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Mawson cautions that statements contained in this press release that are not a description of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words referring to future events or circumstances such as “expect”, “intend”, “plan”, “anticipate”, “believe” and “will”, among others. Because these statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements are based on Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements due to various risks and uncertainties, which include, but are not limited to, the possibility that Mawson’s need and ability to raise additional capital , the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction of incentives to mine digital assets over time, the costs associated with mining digital assets, volatility in the value and prices of cryptocurrencies and additional or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson can be found under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 1, 2021 and Mawson’s Quarterly Report on Form 10-Q filed with the SEC. SEC on May 16, 2022, and in other documents that Mawson has filed and may file with the SEC in the future. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date they are made. Because these statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. Mawson undertakes no obligation to update these statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.