{"id":8578,"date":"2022-06-16T17:13:52","date_gmt":"2022-06-16T17:13:52","guid":{"rendered":"http:\/\/ci02a3e20b60002499"},"modified":"2022-06-16T17:13:52","modified_gmt":"2022-06-16T17:13:52","slug":"mawson-infrastructure-releases-bitcoin-mining-update-for-may-2022","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/mawson-infrastructure-releases-bitcoin-mining-update-for-may-2022","title":{"rendered":"Bitcoin Miner Mawson Infrastructure Produced 185 Bitcoin In Record-Breaking May"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>Bitcoin mining company Mawson Infrastructure Group had a record breaking month in May, producing 185 BTC worth about $3.8 million. <\/li>\n<li>Production levels showed an 8% month-over-month increase with a yearly increase of 362%. <\/li>\n<li>The company added 4,000 ASIC miners to its fleet and has expansion goals planned into Q1 2023. <\/li>\n<\/ul>\n<p>Mawson Infrastructure Group Inc., (NASDAQ: MIGI) a bitcoin mining company, has released its unaudited, record-breaking bitcoin production and operations update for the month of May, per a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20220616005559\/en\/\" target=\"_blank\" rel=\"noopener\">press release<\/a>.<\/p>\n<p>Specifically, the mining company produced 185 BTC over the course of last month, currently valued at $3.8 million \u2013 representing an average of 5.96 BTC mined per day. This production level represents a 362% increase from the same time period of last year, and an 8% month-over-month increase. <\/p>\n<p>Furthermore, Mawson increased its self-mining hashrate to 1.42 exahashes per second (EH\/s), representing a 547% increase from a year-over-year perspective and an 11% increase from the previous month. By the end of June, the company estimates to be mining at 1.50 EH\/s with an average of 8.50 BTC being produced per day.<\/p>\n<p>\u201cMay was another solid month of operational growth, with the Mawson team having now rapidly deployed more than 56 megawatts over the last 3 months,\u201d said James Manning, CEO and Founder of Mawson, per the release. \u201cWe 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.\u201d<\/p>\n<p>In addition, Mawson\u2019s co-location hosting facility combined with self-mining operations performed at 3.10 EH\/s, and is expected to rise to 3.35 EH\/s by the end of June. The co-hosting facility is also expected to increase its 56 megawatt (MW) capacity to 60 MW by the end of the month. <\/p>\n<p>Now, the company operates a mining fleet of 40,000 application-specific integrated circuit (ASIC) miners deployed across all of its locations, up from the 36,000 active miners operating in April. <\/p>\n<p>The miner estimates that its self-mining hash rate will reach 4 EH\/s by Q3 2022, with a target of 5.50 EH\/s by Q1 2023.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bitcoin mining company increased its ASIC fleet by 4,000 machines, driving up its hash rate and delivering a record-breaking revenue of $3.8 million.<\/p>\n","protected":false},"author":2785,"featured_media":5713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[198,76,189,1554,93],"class_list":["post-8578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-asic","tag-bitcoin","tag-bitcoin-mining","tag-mawson-infrastructure-group","tag-news"],"author_data":{"id":2785,"name":"Shawn Amick","nicename":"shawn-amick","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/bitcoin-mining-rigminernoise-loud.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/8578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2785"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=8578"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/8578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/5713"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=8578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=8578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=8578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}