Mawson Infrastructure Group Appoints Ryan Costello as Board Chair

MIDLAND, Pa., April 15, 2024 (GLOBE NEWSWIRE) — Mawson Infrastructure Group Inc. (NASDAQ: MIGI), a digital infrastructure provider, announced that the Board of Directors of the Company has appointed Ryan Costello as the Chair of the Company’s Board of Directors effective April 9, 2024.

“I look forward to serving in this role on behalf of Mawson shareholders, and believe we have the right team in place to deliver on implementing our growth plans. Thank you to Greg Martin for his service as Chair. Our mission is to continue positive performance on a quarterly basis with an eye always toward bringing long-term stability to our bottom line in what has historically been a volatile sector,” said Mr. Costello.

Mr. Costello previously served as U.S. Congressman from Pennsylvania (PA-6) from 2015-2019. During his tenure in the United States Congress, he served on the Congressional Committee on Energy and Commerce, which oversees a broad range of industries and policy areas, as well as the Transportation and Veteran’s Affairs Committees. He served as a fellow at the George Washington University Graduate School of Political Management and has been a visiting lecturer at American University. Mr. Ryan Costello has served as a board member of Mawson Infrastructure Group Inc. since October 2023.

This board chair appointment further advances Mawson’s corporate strategy to enhance its focus on U.S. operations and pipeline of growth opportunities. Mr. Martin continues to serve as a non-executive member of the Company’s Board of Directors.

Rahul Mewawalla, CEO and Presidentof Mawson commented, “We are excited about the numerous opportunities ahead for Mawson and our industry as we continue to further advance our operational, technological, and strategic plans. As we progress our transformation ahead, we are looking forward to enhancing our digital infrastructure platform capabilities across self-mining, co-location, and energy management.”

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure company. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson aligns digital infrastructure, sustainable energy, and next-generation fixed and mobile data center solutions, enabling efficient Bitcoin production and on-demand deployment of digital infrastructure assets. Mawson Infrastructure Group is emerging as a global leader in ESG focused digital infrastructure and Bitcoin mining.

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