Mawson Infrastructure Group November Total Revenue Increase 47% M/M To ~$4.81M; Reports Total Revenue of Bitcoin Equivalent of 132 BTC
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure Group Inc. reported a 47% month-over-month increase in total revenue for November, amounting to approximately $4.81 million. The revenue is equivalent to 132 BTC. The company also completed a co-location customer deployment of about 50 MW and 15,876 miners, and signed an additional co-location customer for approximately 6 MW and 1,764 miners.
December 20, 2023 | 9:43 pm
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Mawson Infrastructure Group Inc. saw a significant increase in revenue for November, with a 47% rise to $4.81M, equivalent to 132 BTC. The company's expansion in co-location services indicates growth in its mining operations.
The reported increase in revenue is a strong positive indicator of Mawson Infrastructure Group's financial performance and growth in its mining operations. The completion of a large co-location customer deployment and the signing of an additional customer are likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100