Mawson Infrastructure Group Inc. Announces Monthly Operational Update For January Total Revenue Of About $7.06M Or About The Equivalent Of 174 BTC
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure Group Inc. (MIGI) reported a significant growth in its January 2024 revenue, reaching approximately $7.06 million, which is a 3X increase from January 2023 and an 18% month-over-month growth. This growth is attributed to the company's expansion in its three primary business lines: energy management, co-location, and self-mining. MIGI also announced the addition of a new co-location customer, FTI, marking the third such agreement since Q4 2023. The company's operational capacity includes two sites in Pennsylvania with a total power capacity of 109 MW, capable of supporting 35,650 miners.
February 16, 2024 | 1:47 pm
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Mawson Infrastructure Group Inc. reported a significant increase in January 2024 revenue, with a 3X growth from the previous year and an 18% month-over-month increase. The company also expanded its co-location customer base with a new agreement with FTI.
The reported revenue growth and the addition of a new co-location customer, FTI, indicate strong operational performance and business expansion for MIGI. This positive news is likely to have a favorable impact on investor sentiment and the stock price in the short term.
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