Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) Q2 2022 Earnings Conference Call August 22, 2022 5:30 PM ET
Company Participants
Nick Hughes-Jones - Chief Commercial Officer
James Manning - Founder and CEO
Ariel Sivikofsky - CFO
Conference Call Participants
Josh Siegler - Cantor Fitzgerald
Kevin Dede - H.C. Wainwright
Operator
Greetings. Welcome to Mawson Infrastructure Group, Inc. Second Quarter 2022 Earnings Results Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note, this conference is being recorded.
I will now turn the conference over to your host Nick Hughes-Jones, Chief Commercial Officer. Thank you. You may begin.
Nick Hughes-Jones
Hello everybody, and thank you for taking the time to hear about Mawson Infrastructure Group. My name is Nick Hughes-Jones, Chief Commercial Officer of Mawson. Joining me today is James Manning, our Chief Executive Officer and Founder; and our Chief Financial Officer, Ariel Sivikofsky.
We look forward to taking you through the investor presentation today, but first, I need to read you a short disclaimer around forward-looking statements. Please be aware today, we will be making forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks that could cause actual results to differ materially from those expected. We may also make forward-looking statements as part of our Q&A at the conclusion of this presentation. Please be sure to refer to the cautionary text regarding forward-looking statements contained in this presentation on Slide 2, as well as the Risk Factors in our Annual Report on Form 10-K filed March 21, 2022, under the sub heading Risks Relating to Our Business, as well as the 10-Q filed today, Monday 22, August.
As of last Friday night's close, Mawson has a market capitalization of approximately $60 million, is listed on the NASDAQ under the code MIGI, M-I-G-I and has five Bitcoin mining sites across the USA and Australia.
As of the end of July 2022, our Bitcoin self-mining installed operating capacity was at approximately 1.7 exahash, which based on current network we believe produces approximately 7.5 bitcoin per day. Throughout the month of July, Mawson continued to participate in energy demand response programs, whereby we curtail our energy use in exchange for revenue and reduce cost of production.
Our installed hosting co-location capacity as at the end of July was approximately 1.8 exahash bringing our combined installed self-mining and hosting co-location capacity to 3.5 exahash, one of the largest installed Bitcoin mining operations amongst our NASDAQ listed peers.