We have now received our final shipment of ASIC Bitcoin Miners for our Self-Mining business, meaning we have the flexibility to assess the spot market for future orders when appropriate.” James Manning, CEO and Founder of Mawson, said, “May was another solid month of operational growth, with the Mawson team having now rapidly deployed more than 56 megawatts over the last 3 months. Mawson expects Bitcoin Self-Mining to be at 4.00 EH by Q3 2022, and target of 5.50 EH online by early Q1 2023 reiterated. Texas facility:Site planning underway with 120 megawatts expected to be available in Q4 2022. The facility is expected to be fully operational with approximately 0.40 EH online by June 2022. New South Wales, Australia facility: 4 Modular Data Centers (MDCs) deployed, with 0.20 Exahash online. Stage 3 expansion approved to 230 megawatts (capable of accommodating up to 7.5 Exahash) with development planning for expansion commencing in June 2022. Sandersville, Georgia facility: 38 Modular Data Centers (MDCs) deployed, site now fully operational at approximately 80 megawatts.
This deployment was achieved in a record 6 weeks. Midland, Pennsylvania facility: 25 Modular Data Centers (MDCs) and 50 megawatts deployed. Mawson now has over 40,000 ASIC Bitcoin Miners deployed at its facilities across its Self-Mining and Hosting Co-location businesses, up from 36,000 in April 2022. Monthly Bitcoin production was up +8% vs April 2022, and up +362% vs May 2021. ASIC Bitcoin miners continued to be delivered, with the final batch of Canaan A1246 miners received during the month, which will be deployed across the company’s operations in the coming months. In May Mawson continued to build out and expand its existing and new facilities. Online calculator excludes overheads and fees (except pool fees).
The above information is for general information purposes only, should not be considered forward looking statements and Mawson takes no responsibility for the accuracy of third-party information, including websites. Please see Coinwarz Bitcoin Mining Calculator at. Investors should consider all risk factors related to uptime when considering these figures, which are a best-case scenario. Construction delays are common, and it is rare for all equipment to be deployed and 100% online, however accurate historical downtime averages are difficult to calculate and also may not provide an accurate picture due to differences moving forward.
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Assumes all equipment deployed and 100% online, plus the construction of all contracted sites on time, actual results are likely to vary in a negative manner. Mawson Hosting Co-location at 56 megawatts online end of May (+100% vs April 2022), expected to rise to approximately 60 megawatts online by end of June (+7% vs May 2022), as Mawson’s hosting customers continue to be deployed, providing an additional revenue stream for the company over and above Mawson’s Bitcoin Self-Mining operationsġ, 2 Bitcoin produced per day is based on network difficulty as at May 15 th, 2022. June end of month hash rate expected to be approximately 2.00 Exahash, producing approximately 8.5 Bitcoin per day 2 May end of month hash rate at approximately 1.50 Exahash, +581% vs May 2021 May average hash rate at approximately 1.42 Exahash, +547% vs May 2021, +11% month on month In May Mawson produced a record 185 Bitcoin, +362% vs May 2021, and +8% month on month
Mawson Self-Mining and Hosting Co-location operating at approximately 3.10 Exahash as at end of May, expected to rise to approximately 3.35 Exahash by end of June 2022. View of Midland, Pennsylvania facility development (May 2022) (Photo: Business Wire)
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