Benzinga | Oct 20, 2021 09:10AM EDT

Mawson Infrastructure Group Reports Purchase Of 4K ASIC Bitcoin Miners, No Terms Disclosed

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson"), a digital infrastructure provider, is pleased to announce it has added to its mining fleet, purchasing 4,000 of the latest generation ASIC bitcoin miners.

Mawson has purchased 2,000 MicroBT M30S and 2,000 Canaan Avalon A1166/1246 bitcoin miners which will be delivered and operational in Q4 2021. As a result of these deliveries, Mawson is expected to have 3.35EH online by Q2 2022, up from 3EH, representing an anticipated 11.7% increase in operational capacity.

James Manning, CEO and Founder of Mawson, said, "With the scale up of our existing facility in Georgia this year well underway, combined with securing our new facility in Pennsylvania, our team has been able to focus on securing additional bitcoin mining hardware for deployment. This reflects our 'infrastructure first' approach to deployment where the Mawson team have been securing long duration, sustainable energy facilities. Our recent capital raising and transition to Nasdaq is expected to help support our growth and help us achieve our goal of being amongst the largest Nasdaq listed bitcoin miners in 2022/2023. This purchase of 4000 latest generation ASIC bitcoin miners moves us closer to our corporate target of 5EH online by early 2023. We look forward to updating stockholders on our US and Australian facilities in greater detail in due course."