| Market Capitalization (Millions $) |
16 |
| Shares
Outstanding (Millions) |
19 |
| Employees |
30 |
| Revenues (TTM) (Millions $) |
55 |
| Net Income (TTM) (Millions $) |
-61 |
| Cash Flow (TTM) (Millions $) |
-3 |
| Capital Exp. (TTM) (Millions $) |
2 |
Mawson Infrastructure Group Inc
Mawson Infrastructure Group Inc is a corporation that was incorporated in Delaware in 2012. The common stock of Mawson has been listed on The Nasdaq Capital Market since September 29, 2021. Prior to the acquisition of Mawson Infrastructure Group Pty Ltd (formerly known as Cosmos Capital Limited), a digital infrastructure provider, the company was known as Wize Pharma Inc and changed its name on March 17, 2021.
Mawson operates as a "Digital Asset Infrastructure" business, which includes owning and operating data centers through its subsidiaries for the generation of Bitcoin cryptocurrency (also known as "Bitcoin mining"), primarily in the United States. The company's data centers consist of proprietary modular data centers (MDCs), and Mawson continues to develop its MDC technology to improve performance. Since Mawson takes part in Bitcoin mining, it is commonly referred to as a Bitcoin miner.
Mawson's main business is the operation of its own fleet of Application-Specific Integrated Circuit (ASIC) computers, known as "Miners," within its data centers. These Miners are used for the mining of Bitcoin. The company is actively seeking out future sites for additional data center facilities. The Miners operated by Mawson are focused on the process of digital mining, specifically for Bitcoin.
In exchange for powering down its systems and curtailing the power it draws from the grid during periods of high electricity demand on the local grid network, Mawson may receive net energy benefits or compensation. Additionally, the company entered into a new contract in 2022 that allows it to trade its energy to achieve net energy benefits. Mawson has recognized a derivative asset on its balance sheet for the contract, which has been measured at fair value with any changes in fair value recognized in its statement of operations. These arrangements have been particularly useful during periods of high energy prices and low Bitcoin prices when the Bitcoin mining business has been less profitable.
Mawson also offers "hosting" or "co-location" facilities to other businesses that wish to have their Miners located within Mawson's facilities and MDCs. These businesses pay fees for the use of Mawson's facilities and related services. As of the date of the Annual Report, Mawson's major hosting customer is Celsius Mining LLC. Mawson successfully ended its hosting contracts with a number of sub-scale hosting customers during 2022.
Mawson's operations consist of three main businesses, which generate its revenue: self-mining, hosting, and the Energy Markets Program. At the core of Mawson's operations is Bitcoin mining, which involves the use of specialized computers to solve algorithmic problems to update the distributed or decentralized ledger of Bitcoin transactions securely. In return for providing this security to the Bitcoin ledger, Bitcoin miners are rewarded with Bitcoin. Mawson can increase its hash rate in several ways, including acquiring and operating more Miners, ensuring that as many of its Miners are online and operational at all times, and increasing the hashing capability of its Miners. By operating more Miners, Mawson will increase the amount of power it requires to operate the Miners, thus increasing its costs.
Company Address: 201 Clark Street Sharon 16146 PA
Company Phone Number: -515-0896 Stock Exchange / Ticker: NASDAQ MIGI
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