Mawson Commits to ESG

Investors are aware that crypto mining is an energy-intensive enterprise, and this has become a part of the social conversation around the world. Mawson Infrastructure Group ($MIGI@AUS) wants to change that by partnering with Quinbrook Infrastructure Partners, a green energy fund. Under the agreement, the companies plan to jointly develop bitcoin mining facilities that are co-located next to Quinbrook renewable energy assets. By doing so, these facilities can go off the grid and prevent an energy drain in the local community. The first site went online in Australia’s New South Wales region in October of last year, and it is powered entirely by renewable energy. Mawson also joined the Crypto Climate Accord, an agreement that aims to decarbonize the crypto industry and go 100% green. At press time, Mawson stock was trading at $5.80, remaining level for the day.