2 years ago
The bitcoin mining institution accrued its ASIC fleet by 4,000 machines, driving up its hash complaint and delivering a record-breaking gross of $3.8 million.
- Bitcoin mining institution Mawson Infrastructure Group had a grounds breaking period successful May, producing 185 BTC worthy astir $3.8 million.
- Production levels showed an 8% month-over-month summation with a yearly summation of 362%.
- The institution added 4,000 ASIC miners to its fleet and has enlargement goals planned into Q1 2023.
Mawson Infrastructure Group Inc., (NASDAQ: MIGI) a bitcoin mining company, has released its unaudited, record-breaking bitcoin accumulation and operations update for the period of May, per a press release.
Specifically, the mining institution produced 185 BTC implicit the people of past month, presently valued astatine $3.8 cardinal – representing an mean of 5.96 BTC mined per day. This accumulation level represents a 362% summation from the aforesaid clip play of past year, and an 8% month-over-month increase.
Furthermore, Mawson accrued its self-mining hashrate to 1.42 exahashes per 2nd (EH/s), representing a 547% summation from a year-over-year position and an 11% summation from the erstwhile month. By the extremity of June, the institution estimates to beryllium mining astatine 1.50 EH/s with an mean of 8.50 BTC being produced per day.
“May was different coagulated period of operational growth, with the Mawson squad having present rapidly deployed much than 56 megawatts implicit the past 3 months,” said James Manning, CEO and Founder of Mawson, per the release. “We person present received our last shipment of ASIC Bitcoin Miners for our Self-Mining business, meaning we person the flexibility to measure the spot marketplace for aboriginal orders erstwhile appropriate.”
In addition, Mawson’s co-location hosting installation combined with self-mining operations performed astatine 3.10 EH/s, and is expected to emergence to 3.35 EH/s by the extremity of June. The co-hosting installation is besides expected to summation its 56 megawatt (MW) capableness to 60 MW by the extremity of the month.
Now, the institution operates a mining fleet of 40,000 application-specific integrated circuit (ASIC) miners deployed crossed each of its locations, up from the 36,000 progressive miners operating successful April.
The miner estimates that its self-mining hash complaint volition scope 4 EH/s by Q3 2022, with a people of 5.50 EH/s by Q1 2023.
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