While many have described Bitcoin mining as the gold rush of the 21st century, it is important to note that the industry remains in a massive state of flux, especially as China and India crackdown on crypto and mining firms move to Kazakhstan and the U.S. A newer firm, Mawson Infrastructure Group ($MIGI@US), is proving to be the fastest-growing of the mining firms in the Bitcoin space. While the firm was only founded in 2020, it currently has a hash rate of 1 and is expected to reach 1.1 by the end of January 2022. This change alone represents a growth of 38% since November of 2021. At this rate, the firm believes it can produce 5.8 Bitcoins per day. Chief Commercial Officer Nick Hughes-Jones recently said, “Over the next 12 months, Mawson is going through a period of hyper-growth…we are one of the fastest-growing Bitcoin miners on the NASDAQ.” Additionally, directors and management own 24% of the company, more than other firms of the same type, allowing it to start the course. Hughes-Jones went on to say, “Mawson is one of the most sustainable Bitcoin miners.” At press time, Mawson stock was trading at just over $4.50 per share, losing more than 3% in early trading.
