Mawson Framework Team Inc. Introduces November 2022 Operational Update

December 19, 2022

SHARON, Pa. & & SYDNEY–( SERVICE CABLE)– Mawson Framework Team Inc. (NASDAQ: MIGI) (” Mawson” or the “Firm”), an electronic facilities company, reveals unaudited Bitcoin manufacturing as well as functional upgrade for November 2022.

” November saw the Mawson group concentrate on growth tasks at its Pennsylvania centers, with the development to 220 megawatts underway. Our Midland, Pennsylvania center is anticipated to be increased to 100 megawatts in Q1 2023, with our 120-megawatt Sharon, Pennsylvania center anticipated to see the initial 12 megawatts invigorated in Q1, 2023. Our Power Markets Program remains to do, with $1.6 million created in November, bringing the 2022 year-to-date income to $9.9 million. Having actually launched this program in late Q2, we are pleased with this outcome for the year to day– this adaptable program has actually offered an alternative resource of income in a hard financial setting. Mawson’s varied income version, which incorporates our Bitcoin Self-Mining, Hosting Co-location as well as Power Markets Program, has actually guaranteed we remain to do sturdily,” claimed James Manning, CHIEF EXECUTIVE OFFICER.

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November Bitcoin Self-Mining, Power Market Program & & Hosting Co-location Update:

  • Equal complete Bitcoin Manufacturing: 124.
  • Equal BTC manufacturing from Power Market Program: 90 (based upon ordinary rate of Bitcoin in November of $17,804).
  • Self-Mined Bitcoin generated: 34.
  • Self-Mining Installed Ability: 1 Exahash.
  • Year to day self-mined Bitcoin: 1,320.
  • Power Market Program income: roughly $1.6 million.
  • Year to day Power Market Program income: roughly $9.9 million.
  • Holding Co-location set up capability: 1.9 Exahash.
  • Holding Co-location megawatts online as at end October: roughly 64 Megawatts.
  • Complete set up capability throughout Bitcoin Self-Mining as well as Hosting Co-location: 2.9 Exahash.

Sale of Georgia Possessions:

As revealed to the marketplace on October 11, 2022, Mawson has actually finished the sale of specific possessions at its Sandersville, Georgia center to CleanSpark, Inc (NASDAQ: CLSK) for roughly $40.0 million 1 $20.6 million in money was obtained from CleanSpark, Inc. throughout October as well as November, with $6.6 million obtained in mid-December. The equilibrium of the money as well as supply is anticipated to be obtained in, Q1 2023 based on previous support.

2023 Method

Mawson means to concentrate on the adhering to tasks in 2023:.

  1. Increase Bitcoin Self-Mining as well as Hosting Co-location procedures to 4.5 Exahash by Q1, 2023 as well as to our awaited 8.0 Exahash by Q4, 2023.
  2. Proceed the development of our 220-megawatt Pennsylvania centers, where the business has reduced power prices as well as massive development possibilities.
  3. Proceed with our Power Markets Program, which produces income as well as minimizes general prices of manufacturing.
  4. Proceed with our solid ESG emphasis throughout our service.
  5. Safeguard a profile of website( s) in our favored locations as well as territories for long-term electronic facilities capability.
  6. Check out possibilities to broaden our electronic facilities service.
  7. Create tactical collaborations as well as partnerships with consumers as well as areas.
  8. Remain to discover more property or growth website sales to liberate resources for implementation at our favored websites/ those websites which ideal satisfy Mawson’s financial investment standards.

Concerning Mawson Framework

Mawson Framework Team (NASDAQ: MIGI) is an electronic facilities company, with numerous procedures throughout the United States as well as Australia. Mawson’s up and down incorporated version is based upon a lasting technique to advertise the international change to the brand-new electronic economic situation. Mawson matches lasting power facilities with next-generation Mobile Information Facility (MDC) options, making it possible for affordable Bitcoin manufacturing as well as on-demand implementation of facilities possessions. With a solid concentrate on investor returns as well as a lined up board as well as administration, Mawson Framework Team is becoming a worldwide leader in ESG concentrated Bitcoin mining as well as electronic facilities.

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Declarations regarding hashrate capability

Declarations in journalism launch regarding hashrate capability (consisting of ‘set up capability’) or ‘nameplate’ capability, will certainly commonly vary from the real or observed hashrate. Hashrate capability or ‘nameplate’ capability usually ensures presumptions regarding the effectiveness of the ASIC miners that remain in usage. Some ASIC miner versions will certainly take in much less power to produce the very same quantity of hashing power than various other ASIC miner versions (normally much more current versions are much more effective). Lots of ASIC miner fleets are mixed fleets, consisting of numerous ASIC miner versions each with various effectiveness rankings. Hashrate capability numbers normally presume 100% implementation of ASIC miners. Provided the lots of calculating systems (commonly numbering in the 10s of thousands), ASIC mining fleets are seldom 100% released as well as online at any type of one-time. This can be because of a selection of variables, consisting of ASIC miners being under upkeep, out of commission workshops, in storage space, en route, or because of technological mistakes as well as failures. As soon as released as well as online, the real or observed hashrate can be affected by various other variables such as warm, overclocking (creating the ASIC miner to do at degrees greater than the supplier’s specs), the age, as well as deterioration displayed by the ASIC miners as well as likewise by the restrictions of the bordering facilities, such as power interruptions, as well as MDC as well as transformer failures. Building as well as growth hold-ups are a typical threat for mining information facilities, for instance because of weather, allowing hold-ups, or labor as well as tools lacks. Financiers must think about all threat variables connected to uptime when taking into consideration these numbers, which are a best-case situation. The above details is for basic details functions just, as well as are onward looking declarations which must not be trusted as being always a measure of future outcomes. Mawson takes no duty for the precision of third-party details, consisting of web sites. Please see our Threat Consider our Yearly Record on Type 10-K submitted March 21, 2022, under the Sub-Heading Threats Associating With Our Organization as well as Monitoring for vital threats connected to our Self-Mining.


Mawson warns that declarations in this news release that are not a summary of historic truth are progressive declarations within the definition of the Exclusive Stocks Lawsuits Reform Act of 1995. Progressive declarations might be determined by the use words referencing future occasions or conditions such as “anticipate,” “mean,” “strategy,” “prepare for,” “think,” as well as “will,” to name a few. Since such declarations undergo threats as well as unpredictabilities, real outcomes might vary materially from those revealed or indicated by such progressive declarations. These progressive declarations are based upon Mawson’s existing assumptions as well as include presumptions that might never ever appear or might confirm to be wrong. Real outcomes as well as the timing of occasions can vary materially from those prepared for in such progressive declarations as an outcome of numerous threats as well as unpredictabilities, that include, without constraint, the opportunity that Mawson’s demand as well as capability to increase added resources, the growth as well as approval of electronic property networks as well as electronic possessions as well as their procedures as well as software program, the decrease in rewards to mine electronic possessions with time, the prices related to electronic property mining, the volatility in the worth as well as costs of cryptocurrencies as well as more or brand-new guideline of electronic possessions. Much more in-depth details regarding the threats as well as unpredictabilities impacting Mawson is consisted of under the heading “Threat Elements” consisted of in Mawson’s Yearly Record on Type 10-K submitted with the SEC on March 21, 2022, as well as Mawson’s Quarterly Record on Type 10-Q submitted with the SEC on August 22, 2022, November 14, 2022 as well as in various other filings Mawson has actually made as well as might make with the SEC in the future. One must not position unnecessary dependence on these progressive declarations, which talk just since the day on which they were made. Since such declarations undergo threats as well as unpredictabilities, real outcomes might vary materially from those revealed or indicated by such progressive declarations. Mawson takes on no responsibility to upgrade such declarations to show occasions that happen or conditions that exist after the day on which they were made, other than as might be called for by regulation.

1 Presumes optimum gain outs are accomplished, no modifications are made to the acquisition rate, as well as makes use of the CleanSpark, Inc. supply rate as at October 7, 2022, as well as rounding.