Mawson Infrastructure Group Announces Expansion Plans At Midland, Pennsylvania Facilities
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure Group (MIGI) has announced plans to expand its facilities in Midland, Pennsylvania, increasing its capacity to 120 MW and its miner capacity to 38,810 miners. This expansion will bring Mawson's total capacity to approximately 129 MW and 41,530 miners.
April 30, 2024 | 1:19 pm
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Mawson Infrastructure Group announces significant expansion of its Midland, Pennsylvania facilities, aiming to increase its capacity and miner count substantially.
The expansion of Mawson Infrastructure Group's facilities is a significant development, indicating growth and increased operational capabilities. This is likely to be viewed positively by investors, as it suggests potential for increased revenue and profitability from the expanded mining operations. The substantial increase in capacity and miner count directly impacts MIGI's ability to generate more cryptocurrency, which, assuming favorable market conditions, could lead to higher earnings and, consequently, a positive impact on the stock price in the short term.
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