Mawson Infrastructure Group (MIGI) Issues May 2024 Operational Update

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a digital infrastructure company, announced today its unaudited business and operational update for May 2024.

Rahul Mewawalla, CEO and President, commented, “We are pleased with the growth of our digital platforms with 85% year-over-year revenue growth of our digital co-location business and 139% year-over-year revenue growth of our energy management business, compared to May of last year. We have continued to expand our enterprise grade co-location customer relationships and have also advanced our strong operational and technological capabilities across all three of our businesses – self-mining, digital co-location business services, and energy management.”

Unaudited May Monthly Operating Results Summary

• Digital Co-location Business Revenue increased 85% Y/Y to $2.76 million.
• Energy Management Business Revenue increased 139% Y/Y to $0.97 million.
• Self-Mining Business Revenue of $0.74 million and Overall Monthly Revenue increased 19% Y/Y to about $4.46 million and the equivalent of about 70 BTC1.
• Current Total Power Capacity across Company’s facilities approximately 109 MW with capacity for approximately 35,650 miners.
• Expansion of the Midland facility is progressing well and will increase the Company’s capacity by 20 MW to approximately a total of 129 MW and about 41,530 miners.

Conferences and Events Update

Mawson has planned for its CEO and President, Rahul Mewawalla to join the following upcoming conferences and events. Please contact [email protected] for further information.

• Mining Disrupt in June 2024 in Miami, Florida
• Bitcoin 2024 in July 2024 in Nashville, Tennessee
• Blockchain Futurist in August 2024 in Toronto, Canada
• Gateway Conference in September 2024 in San Francisco, California
• Token 2049 in September 2024 in Singapore
• Bitcoin Europe in October 2024 in Amsterdam, Netherlands
• World Summit Artificial Intelligence (AI) in October 2024 in Amsterdam, Netherlands
• Money 20/20 in October 2024 in Las Vegas, Nevada

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