Mawson Infrastructure reports April monthly revenue $4.85M

Unaudited April Monthly Operating Results Summary: Total monthly revenue increased 65% Y/Y to about $4.85 million and the equivalent of 74 BTC. Self-mining business revenue increased 73% Y/Y to $1.92 million. Co-location business revenue increased 105% Y/Y to $2.87 million. Recently announced co-location expansion agreement increased Mawson’s co-location services capacity to approximately 82 MW and over 25,872 miners. Total power capacity across Company’s facilities approximately 109 MW with capacity for approximately 35,650 miners. Company announced plans to expand its Midland facility by 20 MW, increasing the Company’s future total capacity to approximately 129 MW and about 41,530 miners. Rahul Mewawalla, CEO and President, commented, “We are pleased with another strong month of year-over-year growth with our total overall revenue growing 65% this April over last year, driven by operational focus and execution across our self-mining and co-location services businesses. We drove growth in our self-mining business revenue by 73% and our co-location business revenue by 105% this April as compared to last year. We were also excited to announce plans to expand our Midland facilities by an additional 20 MW that should drive additional growth and customer expansion opportunities for our co-location services business. We believe our focus on operations, technology, and strategic transformation will further advance our role in the industry and our ecosystem.”