Mawson Infrastructure confirms no exposure to Silvergate Capital and SVB

Mawson Infrastructure Group (MIGI) communicates to the market that it doesn’t have any historical or current banking relations with either Silvergate Bank (SI) or Silicon Valley Bank (SIVB). Mawson does have a banking relationship with Signature Bank, amongst other banks. As of Monday evening Mawson has taken all actions to transfer the majority of its assets it held with Signature Bank to other financial institutions, and as a result of those transfers being successful will have no material exposure to Signature Bank. Mawson is also in the process of initiating additional banking relationships. Mawson has the greatest of sympathies for all that are affected in this difficult time.