Mawson Infrastructure May Total Overall Revenue Up 19% Y/Y To About $4.46M And The Equivalent Of About 70 BTC
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure reported a 19% year-over-year increase in overall revenue to approximately $4.46 million, equivalent to about 70 BTC. The company also announced that the expansion of its Midland facility is progressing well, which will increase its capacity by 20 MW to a total of 129 MW and about 41,530 miners.
June 20, 2024 | 9:18 pm
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Mawson Infrastructure reported a 19% year-over-year increase in revenue to $4.46 million and announced the expansion of its Midland facility, which will increase capacity by 20 MW.
The 19% increase in revenue and the expansion of the Midland facility are positive indicators for Mawson Infrastructure. The increased capacity and additional miners suggest potential for further revenue growth, which is likely to positively impact the stock price in the short term.
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