2 years ago
Australian bitcoin miner Mawson Infrastructure Group (MIGI) reported Q4 revenues accrued 79% from the 3rd quarter, and raised its 2023 hashrate guidance by 10%.
The miner’s 4th fourth gross was $19.6 million, up from $10.9 cardinal successful the 3rd quarter, according to a statement. Mawson besides saw a grounds twelvemonth for gross successful 2021, expanding income by 886% from 2020.
Gross nett came successful astatine $16.0 cardinal versus $8.4 cardinal successful Q3, portion non-GAAP EBITDA was $10.0 million, up from $3.3 cardinal successful Q3 2021.
The miner present expects hashrate to scope 5.5 exahash per 2nd (EH/s) by aboriginal Q1 of 2023. This is 10% higher than the erstwhile people of 5 EH/s, that was forecasted successful March.
Mawson’s banal was down astir 13% during Monday’s regular trading hours, importantly underperforming its rival mining stocks, but shares were up astir 4% successful after-hours trading. The terms of bitcoin was mostly flat.
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Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
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