Mawson Infrastructure Groups Processing Capacity

As the cryptocurrency market continues to struggle, other businesses are growing as fast as they can, taking advantage of as many opportunities as they possibly can. Mawson Infrastructure Group ($MIGI@US) is one of those businesses, capitalizing on investors who want to “buy the dip.” Plus, investors can put their money in firms like Mawson instead of buying cryptocurrency directly. However, is processing power at Mawson going to be a stumbling block for other businesses? After listing on the NASDAQ in the 3rd quarter of 2021, profiting over $8 million, and announcing a new mining facility in Pennsylvania, the firm also upgraded its guidance to note that it will be working at a 3 to 3.35 EH/s hashrate. Because the company has room to grow, it could easily surpass many of its competitors. Currently, Mawson’s processing power will put it ahead of RIOT Blockchain ($RIOT@US) and Hut 8 Mining. If other businesses do not improve their processing power, guidance reports show that Mawson could easily surpass most of the industry, leaving Marathon Digital Holdings ($MARA@US) in first place. At press time, Mawson stock was trading at $5.35, down almost 6% overnight.