(Source)
The analyst commented, "Mawson Infrastructure Group reported its September (3Q21) quarter November 15 and hosted a conference call the following day. Revenues of $10.9M fell below our expectation, primarily on account of our overly aggressive hash rate assumption—Mawson's hash reached 800 PH/s in the current November month, we obviously had the company tracking higher. Reiterating our Buy rating and offering a gentle nudge to our price target. Our new $17 target remains highly conservative in light of valuations assessed on competitive miners in the range of 25-30x next year's EPS estimates."
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No. 4 MIGI Potential Catalyst - Company Signs New 12 Megawatt (MW) Hosting Co-location Agreement With Foundry Digital
Mawson Infrastructure Group Inc. Announces New 12 Megawatt Hosting Co-location Agreement with Foundry Digital LLC
New 12 megawatt hosting customer to have first mining hardware units online end of Q1, 2022
SYDNEY & NEW YORK, March 04, 2022--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson"), a digital infrastructure provider, is pleased to announce it has signed a new 12 megawatt (MW) hosting co-location agreement with Foundry Digital LLC ("Foundry"), bringing total hosting co-location under Mawson’s Luna Squares LLC ("Luna Squares") business to 114 MW, up from 2 MW as at 31 December, 2021.
Mawson expects first mining hardware under this agreement to be deployed by the end of Q1, 2022.
Mawson intends to deploy the mining hardware inside its own proprietary Modular Data Centre (MDC) technology at its facilities in the United States.
James Manning, CEO and Founder of Mawson, said, "We are very happy to have signed another high-quality customer of significant scale to our Luna Squares hosting co-location business. Given the substantial demand for hosting services in the industry at present, we are able to utilize our surplus energy infrastructure to generate additional revenue streams for the group. In FY2021, we generated (unaudited) $850k in revenue from our 2 MW of hosting customers – the agreements we have signed this week take us to 114 MW in our hosting business in total. Our hosting business is expanding rapidly and total contracts signed to date makes us one of the largest Nasdaq listed B-T-C mining ASIC hosting companies."
Read the full article here.
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No. 5 MIGI Potential Catalyst - Company Announces Expansion Of Key Georgia Mining Facility
Mawson Infrastructure Group Inc. Announces Expansion of Sandersville, Georgia, USA, B-T-C Mining Facility to 230 Megawatts
Sandersville, Georgia B-T-C Mining Facility to be expanded by 150 Megawatts, expected to be capable of accommodating up to 7.5 Exahash (EH) of ASIC B-T-C mining hardware
SYDNEY & NEW YORK, March 03, 2022--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson"), a digital infrastructure provider, is pleased to announce the expansion of its Sandersville, Georgia, USA B-T-C Mining facility to 230 Megawatts (MW).
Following on from successful electrical load and associated infrastructure studies carried out by the Municipal Electrical Authority of Georgia (MEAG), Electrical Cities of Georgia (ECG), the Washington County Economic Development Authority, City of Sandersville and Mawson, the site has been approved for expansion.
Mawson has an existing 26-year lease at the Sandersville, Georgia site, with the option to buy the approximately 16-acre property.
Mawson intends to deploy its Modular Data Centre (MDC) technology at the expanded facility. The facility is expected to become fully operational with the additional 150 MW online in Q3, 2023. Based on utilization of the latest generation B-T-C mining ASIC hardware, this expansion to the facility could accommodate up to 7.5 Exahash (EH) of operational capacity.
The Sandersville, Georgia, USA facility utilizes predominantly nuclear and hydro energy sources, and Mawson intends to use both Carbon Credits and Renewable Energy Credits (REC’s), in addition to its ongoing sustainability program, at this site to ensure our Net Zero goal and strong ESG focus is maintained.
James Manning, CEO and Founder of Mawson, said, "We are delighted to be moving forward with what will be one of our largest B-T-C Mining facilities in North America. Our relationship with MEAG, ECG, the Washington County Economic Development Authority and the City of Sandersville continues to strengthen, and we look forward to expanding this facility to 230 megawatts. In an environment where large scale, high-quality, low-cost B-T-C Mining facilities are in short supply, we are genuinely excited for site development works at our Georgia Stage 3 expansion to begin later this year."
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Read the full article here.
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MIGI Recap - 5 Potential Catalysts For Your New Nasdaq Idea
No. 1 - Today's Q4 And Annual Results Webcast
No. 2 - Company Operation Update For February (Huge News)
No. 3 - H.C. Wainwright Analyst Kevin Dede Raises Price Target To $17.00
No. 4 - Company Signs New 12 Megawatt (MW) Hosting Co-location Agreement With Foundry Digital
No. 5 - Company Announces Expansion Of Key Georgia Mining Facility
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Coverage is officially initiated on MIGI. When you have a moment, do this: