Mawson Infrastructure Group Inc. Announces Monthly Operational Update For September 2023; Self-Mining Bitcoin Production Grew To 89 BTC
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) has released its unaudited business and operational update for September 2023. The company reported a growth in self-mining Bitcoin production to 89 BTC, an increase in the number of self-miners hashing to approximately 16,730, and a 17% M/M increase in Energy Market Program Monthly Revenue. However, self-mining monthly revenue reduced by 4% to $2.33M due to increased network difficulty rate and lower average Bitcoin prices.
October 17, 2023 | 12:53 pm
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Mawson Infrastructure Group's operational update shows growth in Bitcoin self-mining and number of self-miners, but a decrease in self-mining monthly revenue. This mixed performance could lead to uncertain short-term price movements.
The company's growth in Bitcoin self-mining and number of self-miners indicates a positive operational performance. However, the decrease in self-mining monthly revenue due to increased network difficulty rate and lower average Bitcoin prices could negatively impact investor sentiment, leading to uncertain short-term price movements.
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