Australian Bitcoin Miner Mawson Earns $19.6M in Q4

Australian bitcoin miner Mawson Infrastructure Group (MIGI) reported revenue of $19.6 million in the fourth quarter, up from $10.9 million in the third quarter, an increase of 79%, according to a public statement, with total revenue for 2021 at An all-time high, with sales up 886% compared to 2020. Gross profit in the fourth quarter was $16 million compared to $8.4 million in the third quarter. The miner now expects the hash rate to reach 5.5EH/s by the beginning of the first quarter of 2023, which is 10% higher than its previous forecast of 5EH/s. As previously reported, Wize Pharma acquired digital infrastructure company Cosmos Capital Limited, which will be renamed Mawson Infrastructure Group in March 2021.