Mawson Infrastructure Group Total Monthly Revenue Increased 65% YoY To About $4.85B And The Equivalent Of 74 BTC
$MIGI
Finance: Consumer Services
Finance
Total Overall Revenue up 65% Y/Y from April last year
Self-Mining Business Revenue up 73% Y/Y from April last year
Co-Location Business Revenue up 105% Y/Y from April last year
Announced 20 MW Expansion Plan increasing total capacity to 129 MW
MIDLAND, Pa., May 20, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson" or "the Company"), a digital infrastructure company, announced today its unaudited business and operational update for April 2024.
Unaudited April Monthly Operating Results Summary
- Total monthly revenue increased 65% Y/Y to about $4.85 million and the equivalent of 74 BTC1.
- Self-mining business revenue increased 73% Y/Y to $1.92 million.
- Co-location business revenue increased 105% Y/Y to $2.87 million.
- Recently announced co-location expansion agreement increased Mawson's co-location services capacity to approximately 82 MW and over 25,872 miners.
- Total power capacity across Company's facilities approximately 109 MW with capacity for approximately 35,650 miners.
- Company announced plans to expand its Midland facility by 20 MW, increasing the Company's future total capacity to approximately 129 MW and about 41,530 miners.