2 years ago
Australian crypto miner Mawson Infrastructure Group said it is operating supra 1 exahash per 2nd (EH/s) and connected way to scope 1.1 EH/s by the extremity of January.
Mawson’s computing powerfulness is astir 0.6% of the Bitcoin network’s hashrate of astir 162.6 EH/s arsenic of Jan. 18, according to information analytics steadfast Glassnode.
The miner besides said it’s producing 5.8 bitcoins a time and is connected way to summation its hashrate to 3.35 EH/s by the 2nd 4th and 5 EH/s by first-quarter 2023.
In comparison, 1 of its largest rivals, Marathon Digital, said successful December that its computing powerfulness was 3.5 EH/s, connected way to scope 23.3 EH/s by aboriginal 2023.
“Our operational enlargement continues astatine pace, with some our Georgia and Pennsylvania facilities ramping up rapidly – this is simply a tremendous accomplishment from our squad fixed the existent bottle-necks successful planetary proviso chains,” said the CEO and laminitis of Mawson, James Manning.
Shares of Mawson (Nasdaq: MIGI) person fallen astir 25% this twelvemonth on with its rivals amid a broader crypto market sell-off.
Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
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