Mawson Infrastructure Group Inc. Announces Monthly Operational Update For August 2023; Self-Mining Bitcoin Production Increased 27% M/M To 88 BTC
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a 27% month-on-month increase in self-mining Bitcoin production to 88 BTC in August 2023. The company also saw an 8% increase in self-miners to approximately 15,600. Monthly revenue for August was approximately $3.88M, with self-mining monthly revenue increasing 18% to $2.44M. The company's two sites in Pennsylvania have a total power capacity of approximately 109 MW, with capacity for nearly 32,500 miners.
September 22, 2023 | 12:39 pm
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Mawson Infrastructure Group Inc. reported strong growth in its self-mining Bitcoin business in August 2023, which could positively impact its stock price.
The company reported a 27% M/M increase in self-mining Bitcoin production and an 18% increase in self-mining monthly revenue. This strong performance could attract investor interest and drive up the company's stock price.
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