TDI is developing a large-scale, 100% renewable energy Bitcoin Mining facility in Tasmania, Australia

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson"), a digital infrastructure provider, is pleased to announce that it will become a 33% shareholder in Tasmania Data Infrastructure Pty Ltd ("TDI").

TDI is developing a large-scale, 100% renewable energy Bitcoin Mining facility at the Que River Mine Site in Tasmania, Australia with up to 35 megawatts of energy infrastructure available for Bitcoin Mining in Q3, 2022. Mawson will also have the right to host up to 10MW of its own Bitcoin Mining infrastructure at the site. The site has potential expansion capacity in excess of 100 megawatts, subject to infrastructure upgrades over time.

Mawson has exchanged approximately 1975 ASIC Bitcoin Miners for a 33% equity holding in TDI and will provide a license for TDI to utilize Mawson's Modular Data Center (MDC) and associated technology. The sale of the ASIC Bitcoin Miners reflects Mawson's strategy to continually cycle and upgrade our overall fleet of equipment, with the sale to be reflected in the second quarter 2022 financial results.

The Que River Mine Site covers a total area of approximately 300 hectares, is located directly adjacent to TasNetworks Que substation, and is in close proximity to two large-scale transmission lines servicing the northwest part of Tasmania. The site is powered by 100% renewable energy, has an existing 40MVA substation with significant additional power availability, advanced installed communication infrastructure and sits atop a landholding of 30 hectares, providing ample space for future Modular Date Center expansion.