Mawson Infrastructure Group Inc. Secures New Mining Site in Bellefonte, PA, and Has Already Deployed and Operationalized the Site

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson’’ or the “Company”), a digital infrastructure provider, today announced that it has signed a new long-term lease agreement and operationalized a new facility in Bellefonte, Pennsylvania.

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Mawson Team operationalizing its new Bellefonte, PA, facility. (Photo: Business Wire)

The new Bellefonte facility has 8 MW of immediately available power, where Mawson has already deployed approximately 2600 miners that are online and hashing. The Bellefonte site will be a 100% self-mining facility. The site is capable of being expanded by an additional 16 MW, resulting in a total site capacity once fully deployed of 24 MW. Once the expansion is completed, the site will be capable of holding approximately 7,200 miners.

The Bellefonte site is another strategic addition for Mawson in the PJM market, as it continues to look for optimal opportunities to continue to drive growth.

Rahul Mewawalla, CEO and President, commented, “Securing and operationalizing our Bellefonte site further demonstrates Mawson’s capabilities to strategically identify expansion opportunities and our rapid deployment and activation expertise. This facility is an ideal opportunity for Mawson to continue to efficiently ramp our self-mining operations to increase Bitcoin production. This new site furthers Mawson’s focus on growth in markets where the energy mix, secure grid, favorable climate, robust communities, and local talent continue to be key drivers of our continued expansion.”

Craig Hibbard, Chief Development Officer, added, “Our team has worked incredibly hard to activate and rapidly operationalize this new site along with deploying approximately 2,600 of our miners. We also expect to utilize this site as a next-generation testing facility for the latest generation ASIC designs and hardware.”

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider with multiple operations throughout the USA. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches digital infrastructure, sustainable energy, and next-generation Mobile Data Center (MDC) solutions, enabling efficient Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and strategic growth, Mawson Infrastructure Group is emerging as a global leader in ESG focused digital infrastructure and Bitcoin mining.