Recent announcements of significant increases in megawatt capacity and bitcoin production Mawson Infrastructure Group Inc. MIGI appear to have positioned the company to become a notable player in the bitcoin mining industry. This projected growth has the potential for Mawson to become better known to investors for its innovative approach to sustainable energy infrastructure and the on-demand deployment of infrastructure assets to increase revenue.
Mawson has been focused for some time on concentrating all of its operations in the U.S. to take advantage of the financial flexibility its Energy Markets programs offer. Given the volatility In the US energy markets, monetizing distributed energy resources is often a highly profitable way for companies like Mawson to generate revenue and reduce costs.
The Energy Markets program includes active participation in energy demand response programs at Mawson’s operations. Essentially, demand-response programs involve reducing energy consumption during peak market periods when energy prices are high, to save costs for the company and the energy grid. In return, Mawson receives financial incentives for participating in these programs.
Mawson reports that its extensive pipeline of secured infrastructure, including power capacity available for Bitcoin mining, modular data centers and transformers, continues to be deployed at a rapid pace — allowing the company to make the most of energy market programs.
For example, the company has been active since June last year committed in Energy Demand Response programs at its operations in response to volatile energy markets. These programs contributed to the generation of $13.7 million in sales – with a very high profit margin – in 2022.
When bitcoin prices were below Print and low in the second half of last year, Mawson shut down its machines to sell power back to the grid. With bitcoin prices increased by over 70% since the December 2022 lows, the…
[ad_2]
Source story