Mawson Infrastructure reports February total revenue about $5.42M

Mawson Infrastructure Group announced its unaudited business and operational update for February 2024. Rahul Mewawalla, CEO and President, commented, “We are pleased to deliver another robust month with our total revenue in February growing 141% year-over-year from February last year, driven by continued operational focus across our self-mining and co-location services businesses, where we also recently completed the deployment of our third co-location services customer. We are also pleased with the 23% M/M growth in our self-mining business, despite the significant recent increase in network difficulty. Our core operational, technological, and strategic plans continue to advance with our growing role in the industry and our ecosystem.” Unaudited February Monthly Operating Results Summary: Total monthly revenue increased 141% Y/Y to about $5.42 million and the equivalent of 109 BTC. Self-mining business revenue increased 159% Y/Y and 23% M/M to $2.56 million. Co-location business revenue was $2.70 million, representing approximately 62 MW and over 19,400 miners. Energy management revenue was $0.15 million. Total Power Capacity was approximately 109 MW with capacity for approximately 35,650 miners.