Q1 2022 income of $19.4 Million, up 178% vs Q1 2021

Q1 2022 gross revenue of $11.0 Million, up 138% v Q1 2021

Q1 2022 non-GAAP EBITDA of $4.5 Million, up 160% v Q1 2021

459 Self-mined Bitcoin produced in Q1 2022, up 272% v Q1 2021

Mawson Self-Mining Exahash targets upgraded in March to 4.0 Exahash on-line by Q3, 2022, and 5.5 Exahash on-line by early Q1, 2023

Mawson signed 112-megawatts of internet hosting co-location clients (Celsius Mining LLC & Foundry Digital LLC) in Q1 2022

SYDNEY & NEW YORK, Could 16, 2022–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure supplier, is happy to announce enterprise highlights and monetary outcomes for the primary quarter of 2022.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/residence/20220516005595/en/

Aerial views of Sandersville, Georgia facility – 80-megawatts / 38 Modular Knowledge Facilities (April 2022) (Photograph: Enterprise Wire)

Q1 2022 Monetary and Enterprise Highlights

• Q1 2022 income of $19.4 Million, up 178% vs Q1 2021

• Q1 2022 gross revenue of $11.0 Million, up 138% v Q1 2021

• Q1 2022 non-GAAP EBITDA of $4.5 Million, up 160% v Q1 2021

• 459 Self-mined Bitcoin produced in Q1 2022, up 272% v Q1 2021

• Mawson Self-Mining Exahash targets upgraded in March to 4.0 Exahash on-line by Q3, 2022, and 5.5 Exahash on-line by early Q1, 2023

• New 100-megawatt internet hosting co-location buyer Celsius Mining LLC signed and first mining {hardware} on-line

• New 12-megawatt internet hosting co-location buyer Foundry Digital LLC signed and first mining {hardware} on-line

• 230-megawatt growth at Georgia, USA facility accredited, able to accommodating as much as 7.5 Exahash

• Mawson’s substantial secured infrastructure pipeline (power capability accessible for Bitcoin Mining, Modular Knowledge Centre’s, transformers, swap gear) continues to be deployed at tempo, a big aggressive benefit within the present local weather

Subsequent to Quarter Finish

• New 120 megawatt Bitcoin Mining facility to be developed in Texas, able to accommodating as much as 4.0 Exahash, with mining {hardware} anticipated to be on-line in This fall, 2022

Story continues

2022 Strategic Focus

• Develop current Bitcoin self-mining operations from the anticipated finish of Could hash fee of 1.8 Exahash, to our goal of 4.0 Exahash by Q3, 2022 and to our goal of 5.5 Exahash by early Q1 2023.

• Develop Mawson’s internet hosting co-location enterprise from the anticipated 52 megawatts on-line by the top of Could, to 116 megawatts now contracted, and past.

• Proceed the continuing growth of the corporate’s Georgia, Pennsylvania, Texas and Australian Bitcoin Mining amenities.

• Proceed to evaluate, and the place applicable, add extra Bitcoin mining amenities to the worldwide portfolio.

• Proceed to evaluate, and the place applicable, add extra Bitcoin miners to international operations.

• Consider alternatives to lower the general prices of Bitcoin manufacturing.

• Proceed with our robust ESG focus throughout our enterprise.

James Manning, CEO and Founding father of Mawson Infrastructure, mentioned, “Q1 2021 was a stable operational quarter for our enterprise. We considerably elevated our Bitcoin self-mining operational footprint, producing 459 Bitcoin in Q1, delivered Q1 income of $19.4 million, up 178% vs Q1 2021, delivered Q1 gross revenue of $11.0 million, up 138% vs Q1 2021, and posted Q1 non-GAAP EBITDA of $4.5 million, up 160% vs Q1 2021. Our internet hosting co-location enterprise accelerated in Q1 – we signed new 100-megawatt internet hosting co-location buyer Celsius Mining LLC, in addition to new 12-megawatt internet hosting co-location buyer Foundry Digital LLC. In very thrilling information, we gained approval to develop our Georgia Bitcoin Mining facility to 230-megawatts, which is able to accommodating as much as 7.5 Exahash. The pipeline of robust demand for our internet hosting co-location enterprise – which provides a further income stream for the group – continues to develop, and we stay up for updating stockholders on this entrance in the end.”

Convention Name Particulars:

The corporate has scheduled a webcast for Could 16, 2022 at 5:00 p.m. Jap Time, to debate outcomes for the primary quarter of 2022.

A brand new Investor Presentation might be accessible on the web site at www.mawsoninc.com previous to the decision.

Convention Name Data:

Date: Monday, Could 16, 2022
Time: 5:00 p.m. Jap Time
Dial in Quantity for U.S. Callers: 1-877-407-4018
Dial in Quantity for Worldwide Callers: 1-201-689-8471
Please Reference Convention ID: 13729849

The decision may even be accompanied stay by webcast and might be accessible at:
https://viavid.webcasts.com/starthere.jsp?ei=1548153&tp_key=96463d1f1a

To hitch the stay convention name, please dial in to the above referenced phone numbers 5 to 10 minutes previous to the scheduled convention name time.

A replay might be accessible beginning on Could 16, 2022 at roughly 8:00 p.m. ET by means of Could 30, 2022 at 11:59 P.M. ET. To entry the replay, please dial 1-844-512-2921 within the U.S. and 1-412-317-6671 for worldwide callers. The convention ID# is 13729849.

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure supplier, with a number of operations all through the USA and Australia. Mawson’s vertically built-in mannequin relies on a long-term technique to advertise the worldwide transition to the brand new digital financial system. Mawson matches sustainable power infrastructure with next-generation cellular knowledge centre (MDC) options, enabling low-cost Bitcoin manufacturing and on-demand deployment of infrastructure property. With a powerful deal with shareholder returns and an aligned board and administration, Mawson Infrastructure Group is rising as a world chief in ESG targeted Bitcoin mining and digital infrastructure.

For extra info, go to: www.mawsoninc.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Mawson cautions that statements on this press launch that aren’t an outline of historic truth are forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by means of phrases referencing future occasions or circumstances akin to “anticipate,” “intend,” “plan,” “anticipate,” “imagine,” and “will,” amongst others. As a result of such statements are topic to dangers and uncertainties, precise outcomes might differ materially from these expressed or implied by such forward-looking statements. These forward-looking statements are based mostly upon Mawson’s present expectations and contain assumptions that will by no means materialize or might show to be incorrect. Precise outcomes and the timing of occasions might differ materially from these anticipated in such forward-looking statements on account of numerous dangers and uncertainties, which embody, with out limitation, the chance that Mawson’s want and talent to lift extra capital, the event and acceptance of digital asset networks and digital property and their protocols and software program, the discount in incentives to mine digital property over time, the prices related to digital asset mining, the volatility within the worth and costs of cryptocurrencies and additional or new regulation of digital property. Extra detailed details about the dangers and uncertainties affecting Mawson is contained underneath the heading “Danger Elements” included in Mawson’s Annual Report on Type 10-Okay filed with the SEC on March 21, 2022 and Mawson’s Quarterly Report on Type 10-Q filed with the SEC on Could 16, 2022, and in different filings Mawson has made and should make with the SEC sooner or later. One shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date on which they had been made. As a result of such statements are topic to dangers and uncertainties, precise outcomes might differ materially from these expressed or implied by such forward-looking statements. Mawson undertakes no obligation to replace such statements to replicate occasions that happen or circumstances that exist after the date on which they had been made, besides as could also be required by regulation.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20220516005595/en/

Contacts

Investor Contact:
Brett Maas
646-536-7331
brett@haydenir.com
www.haydenir.com