Another bitcoin miner, Mawson Infrastructure (MIGI), said it generated $1.8 million in unaudited revenue by engaging in similar types of strategy as Riot. “When energy prices are low, Mawson engages in bitcoin mining and generates revenue by selling self-mined bitcoin daily, as it has from inception,” the miner said in a statement. “When energy prices are high, and where available, Mawson engages in Energy Demand Response Programs, receiving revenue and reducing overall energy costs,” it added.
Source: https://www.coindesk.com/markets/2022/08/26/first-mover-asia-a-bear-market-survival-strategy-for-crypto-miners-bitcoin-ether-prices-remain-in-holding-pattern/?utm_medium=referral&utm_source=rss&utm_campaign=headlines