Mawson Infrastructure Group (NASDAQ: MIGI) today announced its business and operations update for May 2024. Unaudited data shows digital co-location revenue up 85% year over year to $2.76 million; energy management revenue up 139% to $970,000; and overall revenue up 19% year over year to $4.46 million, equivalent to about 70 BTC.
Rahul Mewawalla, CEO and President, said Mawson continues to expand the co-location Customer relationship and advances strong operational and technical capabilities in autonomous mining, digital co-location-based services and energy management. The company is expanding its Midland facility and expects to add 20 trillion watts of capacity, totaling approximately 129 trillion watts and 41,530 mining rigs.
Mawson Infrastructure's May overall revenue rose 19% year-over-year to $4.46 million
2024-06-20 22:26:32
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