Mawson Infrastructure Group Inc. Unveils July 2023 Business and Operational Update
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) has released its unaudited business and operational update for July 2023. As a leading figure in the digital infrastructure and Bitcoin mining landscape, Mawson is dedicated to championing the global transition to the digital economy with a focus on efficient Bitcoin production. Here are the key points from their July update:
– “Total Revenue Equivalent in BTC” increased by 23% month-on-month, reaching 163.
– Mawson’s operational capacity was approximately 96 Megawatts, supporting 27,636 Bitcoin miners.
– CEO Rahul Mewawalla highlighted the company’s commitment to Bitcoin and the broader crypto ecosystem, mentioning AI-driven enhancements in hardware and miner management software.
– July’s results showed a total self-mining Bitcoin production of 69.
– Monthly revenue for July 2023 was around $4.89 million, with self-mining Bitcoin revenue at $2.07 million, hosting co-location revenue at $1.78 million, and energy market program revenue at approximately $1.04 million.
Mawson’s vision for 2023 includes expanding in the crypto-friendly PJM energy markets, particularly in Pennsylvania and Ohio. They are also actively seeking strategic sites for long-term digital infrastructure capacity to support their Bitcoin and crypto operations.
Hot Take:
Mawson Infrastructure Group Inc.’s July update demonstrates their strong presence in the Bitcoin mining industry and their commitment to driving the global transition to the digital economy. With their AI-driven strategies and focus on efficient Bitcoin production, they are well-positioned for future growth and expansion in the crypto world.
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