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24h Vol: $147,397,847,100
Seeking Alpha 2023-01-17 18:36:20

Mawson reports bitcoin-equivalent production for December

Mawson reports bitcoin-equivalent production for December
Mawson Infrastructure ( NASDAQ: MIGI ) +5% said Tuesday its December Bitcoin-equivalent production was 261.83, translating to about $4 million in revenue for the month. The crypto-miner said its energy market program generated $13.9 million revenue in 2022. Mawson's installed operational capacity as of December 31, 2022 was about 2.9 Exahash across Bitcoin Self-Mining and Hosting Co-locations. The company expects expansion of Bitcoin Self-Mining and Hosting Co-location operations to 4.5 Exahash by end of Q1 2023, and projects 8.0 Exahash by Q4. The company also said it would continue the expansion of it’s 220-megawatt Pennsylvania facilities in 2023, where it has favorable energy contracts and expansion opportunities.
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