Mawson Infrastructure Group Founder Gives Convincing Pitch on the Company's Value

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

James Manning, founder and director of Mawson MIGI, spoke at Benzinga’s recent Crypto Festival. The presentation detailed the strengths of the company and its plans for the future. 

Mawson, founded in 2019, “has a way of leveraging energy, with the view that Bitcoin would be the logical way to monetize stranded and distressed energy assets,” Manning said. “Our focus is on Bitcoin mining and high-performance computing. And it’s a fully integrated model where we are looking to leverage a long-term strategy to transition the world into a decarbonized society.”

Experienced Team

Manning spoke of the importance of good leadership. As he put it, “A highly experienced board and management team is a key to our business.” Manning has 15 years of experience with high-level management. 

Mawson Chairman Greg Martin is the former CEO of the largest energy company in Australia. The other board members include a current CEO and the treasurer of the NSW Liberal Party. The management team has a combined 58 years of experience in their respective fields.

Efficient Capital 

Mawson is committed to a disciplined approach to raising capital. To date, it has raised just $72 million. This has been used strategically to purchase additional hashing power for the company at opportune times. Manning explained that this is central to its overall philosophy. The company is committed to maximizing shareholder returns. “We’re looking to really ensure that our shareholders have phenomenal performance,” Manning stated.

Good Stewards

Protecting the environment and maintaining good relationships with the communities in which Mawson operates is at the core of its business. About 80% of the company’s energy mix is non-carbon emitting, and it will have planted 25,000 trees in 2021 and 53,000 in 2022.  That’s one tree for every block created on the bitcoin blockchain that year. Its roadmap shows the company operating with 100% sustainable energy in 5 to 10 years.

Manning makes it clear that although protecting the environment is critically important, it goes beyond that. “It’s not just about the environmental aspects. We’re highly focused on social interaction, the license to operate, and good corporate governance.”

Major Growth

Mawson currently has a capacity of 400 petahashes spread across 3 locations. With this capacity, the company mines 3 Bitcoin per day. With the capital it has raised, Mawson is planning on greatly expanding its capacity — and with a recent purchase of over 17,000 new machines, it’s well on its way. By Q2 2022, it will have a 3,000 petahash capacity. And by early 2023, that will grow to an impressive 5,000 petahash capacity. That’s 39 Bitcoin a day. With Bitcoin sitting at $46,000, that’s just shy of $1.8 million per day. 

Manning closed out the presentation by pointing out the opportunity Mawson presents for investors. “There’s a large valuation mismatch between our current market cap and everyone else in the market.” With the company’s highly efficient business model and commitment to innovative technology, the company’s stock is poised to perform well.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.