Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2023 - Seite 2

Also, Mawson recently filed for arbitration proceedings against CleanSpark, Inc. (Nasdaq: CLSK). As disclosed in Mawson’s previous filings, Mawson has reserved all rights and believes that Mawson is owed at least $2 million from CleanSpark, Inc. This claim arises out of the obligations of CleanSpark to make payments to Mawson related to Mawson’s sale of its Georgia facility to CleanSpark, as disclosed in the Company’s previous filings. In addition, on July 13, 2022, Celsius Mining LLC and Celsius Network LLC and other related entities (collectively, “Celsius”), filed for bankruptcy relief under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York, Case No. 22-10964.  In that matter, on November 23, 2023, Celsius Mining LLC filed an adversary proceeding, Adv. Case No. 23-01202, against Mawson, its subsidiaries Luna Squares LLC and Cosmos Infrastructure LLC, asserting various claims related to the Co-Location Agreement and Secured Promissory Note, claiming it is owed approximately $8 million under the promissory note and claiming entitlement to return of $15.33 million paid as deposit. Mawson denies that Celsius is entitled to the relief it seeks in the adversary proceeding and is considering filing counterclaims against Celsius which could be in excess of the claims asserted against it.  Mawson further contests that Celsius’ case against it should proceed in the bankruptcy court at all. Mawson filed a motion to compel arbitration on January 2, 2024. Many of the related claims and disputes between Mawson and Celsius have been disclosed in more detail in Mawson’s previous filings with the SEC and in Celsius’ bankruptcy case.

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure company. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson aligns digital infrastructure, sustainable energy, and next-generation fixed and mobile data center solutions, enabling efficient Bitcoin production and on-demand deployment of digital infrastructure assets. Mawson Infrastructure Group is emerging as a global leader in ESG focused digital infrastructure and Bitcoin mining.