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By Ernest Dela Aglanu, Benzinga
Learn More about Mawson Infrastructure Group, Inc by gainingaccess to the latest research report
Highly Experienced Management AndBoard : The company is managed by a team of industry veterans ledby its Founder and CEO, James Manning. Manning has 15 years ofmanagement experience across technology, accounting, logistics, andproperty development.
The Bitcoin Mining sector breathed a collective sigh of reliefin the past three weeks as Bitcoin has rallied from about $16,500 onDec. 30 to nearly $23,000 at time of writing. Many of the Bitcoinminers have rallied dramatically in response, yet concerns remainabout the energy consumption required to mine Bitcoin.
The whole process uses atremendous amount of electricity. For some context, the CambridgeCenter for Alternative Finance (CCAF) estimates that Bitcoin alone consumes about 0.55% ofelectricity globally.
Time For A Renewable Energy Mix?
There is a belief thatintroducing a renewable energy mix of wind, solar, nuclear, andhydropower will not only help decarbonization and fight climate change but also help reduce pressure on power gridswhile improving bitcoin mining profitability.
Thanks to companies like Mawson Infrastructure Group Inc. (NASDAQ: MIGI), cryptocurrencymining and blockchain technology are beginning to adopt renewableenergy like nuclear as the primary electricity source.
Since 2018 when it wasfounded, the global digital asset infrastructure company hasdemonstrated a commitment to achieving decarbonized mining operations.
With an industry that is filled with players like RiotPlatforms Inc. (NASDAQ: RIOT), BIT Mining Ltd. (NYSE:BTCM), Hut 8 Mining Corp. (TSE: HUT), Marathon DigitalHoldings Inc. (NASDAQ: MARA), Bit Digital Inc. (NASDAQ:BTBT) and CleanSpark (NASDAQ: CLSK), Mawson looks to stand outof the bitcoin mining pack.
What Makes Mawson Stand Out?
One key strategy thatseems to set this underknown and under-followed company apart from therest is its diversified model focused on Bitcoin Self-Mining, HostingCo-location services and Energy Markets.
The company is engaged in the immediate saleof mined coins (not pursuing a HODL strategy of mining and holdingBitcoins to minimize the balance sheet risk of marking down revenues).The company has opportunistically moved to lower-priced energy areasin Pennsylvania and has established the financial flexibility ofselling back millions of dollars of energy to the grid when it is moreprofitable than producing Bitcoins for sale. To continue to expand itsoperations at its two facilities in Pennsylvania, Mawson monetizedits development of a mining facility in Georgia.
Mawson highlights someof the following core activities:
Mawson Self-Mining : Mawson engages inBitcoin Self-Mining across its operations.
Hosting Co-location : Mawson leveragesits surplus infrastructure capacity to generate an additional revenuestream comprising hosting co-location services.
Mawson Energy MarketsProgram : Mawson manages its Energy Markets Program throughparticipation in curtailment and energy capacity sales. When energyprices are high and bitcoin prices are low, Mawson sells energy backto the grid. When energy prices are low, Mawson continues to mine forBitcoin.
EnergyMarkets generated unaudited $13.9 million in Q2 of 2022, as per thecompany’s December update , which is similar to Riot Platforms (formerly RiotBlockchain).
Secure Contracted Low-Cost Energy Pipeline :
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Low-cost energy infrastructure through securing Power PurchaseAgreements (PPA).
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Theexisting energy infrastructure capacity available for BitcoinSelf-Mining and Hosting Co-location is currently over 360 megawatts(MW).
Environmental, Social, And Corporate Governance (ESG) Focus— Net Zero Carbon :
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22,277 tons of C02 offsetspurchased in 2020, 2021 carbon footprint assessed, Verified CarbonUnits (VCU) offset pricing underway.
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24,557 tons of CO2 emissions were avoided through its EnergyMarkets Program in 2022.
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100,000 trees were planted in 2022.
GovernanceFramework : Mawson says a responsible, accountable and ethicalapproach to corporate governance underpins the way the company does business.
This article was originally published onBenzinga here .
MawsonInfrastructure Group (NASDAQ: MIGI) is a digital infrastructureprovider, with multiple operations throughout the USA and Australia.Mawson’s vertically integrated model is based on a long-termstrategy to promote the global transition to the new digital economy.Mawson matches sustainable energy infrastructure with next-generationMobile Data Center (MDC) solutions, enabling low-cost Bitcoinproduction and on-demand deployment of infrastructure assets. With astrong focus on shareholder returns and an aligned board andmanagement, Mawson Infrastructure Group is emerging as a global leaderin ESG focused Bitcoin mining and digitalinfrastructure.
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