![]() ![]() We continue to receive solid inbound enquiry and demand for hosting co-location services and anticipate that as per industry standard new hosting customers will contribute to any additional capital required to establish or build out new or existing facilities.” said James Manning, CEO of Mawson.Īfter the sale of the Georgia facility, Mawson expects to have Self-Mining and Hosting Co-location of, 4.5 Exahash by Q1, 2023, and 8.0 Exahash by Q4, 2023. ![]() Our large existing infrastructure capacity ensures we have significant opportunity to continue to build a sustainable business in this tough economic climate. Our Midland facility benefits from low cost energy, secured for 5 years under our power purchase agreement (PPA). “The proceeds from the sale of our Georgia facility ensures Mawson is now fully funded for the Midland, Pennsylvania expansion while simultaneously allowing us to reduce our overall debt. The Company expects the Georgia sale will have a positive impact on earnings with a preliminary, unaudited profit on sale of approximately $18 million expected in the fourth quarter 2022. The exit from Georgia allows Mawson to focus on its expansion in Pennsylvania where the company has two sites in close proximity to each other. ![]() The Sandersville, Georgia facility was Mawson’s first site built from the ground up and was operating at approximately 80 megawatts at close of the sale to CleanSpark. (NASDAQ:CLSK) (“CleanSpark”), to sell its Sandersville, Georgia facility, and up to 6,468 ASIC’s for up to a maximum total purchase price of approximately $40 million. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, today announced it has closed on the previously announced transaction with CleanSpark, Inc. Atlanta, Georgia and Sydney, Australia - October 11 th, 2022 - Mawson Infrastructure Group Inc. ![]()
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