Mawson Infrastructure Group Inc. Announces the Listing of the Cosmos-Purpose Bitcoin Access ETF in Australia Alongside Market Leaders Purpose Investments Inc and Gemini Trust Company LLC
17 May 2022 - 11:00PM
Business Wire
The Cosmos-Purpose Bitcoin Access ETF commenced
trading on May 12th 2022
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a
digital infrastructure provider, is pleased to announce the listing
of Cosmos Asset Management’s second product, the Cosmos-Purpose
Bitcoin Access ETF (“CBTC”).
The Cosmos-Purpose Bitcoin Access ETF (CBTC.CXA) launched
yesterday May 12th 2022 on Cboe Australia. The CBTC holds units in
the Purpose Bitcoin ETF (BTCC.U), the world’s first physically
settled Bitcoin ETF, with approximately US$1.2BN in Assets Under
Management – An investment in CBTC gives investors access to the
underlying Bitcoin asset, in a regulated, familiar, liquid and
publicly listed structure.
Gemini Trust Company LLC (“Gemini”) is the custodian of the
Purpose Bitcoin ETF, providing institutional grade security. The
Cosmos-Purpose Bitcoin Access ETF brings to market a partnership of
experienced global digital asset specialists in Purpose Investments
Inc, Gemini Trust Company LLC and Cosmos Asset Management.
Cosmos Asset Management was spun out of Mawson Infrastructure
Group Inc (NASDAQ:MIGI), and Mawson remains Cosmos’ largest
shareholder.
James Manning, CEO and Founder of Mawson, said, "We are
excited to see Cosmos Asset Management, in partnership with Purpose
Investments and Gemini, launch this product in Australia. At Mawson
we firmly believe access to digital assets should be made easy,
whilst maintaining compliance with local rules and regulations. A
regulated financial product under the ETF structure achieves these
outcomes, and we are excited for what comes next at Cosmos Asset
Management.”
Dan Annan, CEO of Cosmos Asset Management, said, “Cosmos
Asset Management has been at the forefront of delivering access to
the cryptocurrency asset class as a regulated financial product to
Australian investors since its inception. We are very excited to
bring this much anticipated Bitcoin ETF exposure to the Australian
market—the Cosmos-Purpose Bitcoin Access ETF (Cboe: CBTC). By
partnering with Purpose Investments Inc, who over a year ago
launched the world’s first spot Bitcoin ETF—the Purpose Bitcoin
ETF, and Gemini Trust Company LLC, the gold standard for
cryptocurrency custody, we have brought together a team of global
experts to offer Australian investors access to a truly
high-quality product. There’s increasing investor demand for access
to new cryptocurrency and emerging technology investment
opportunities, and we will continue to bring new and innovative
products to the market for Australian investors.”
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital
infrastructure provider, with multiple operations throughout the
USA and Australia. Mawson’s vertically integrated model is based on
a long-term strategy to promote the global transition to the new
digital economy. Mawson matches sustainable energy infrastructure
with next-generation mobile data centre (MDC) solutions, enabling
low-cost Bitcoin production and on-demand deployment of
infrastructure assets. With a strong focus on shareholder returns
and an aligned board and management, Mawson Infrastructure Group is
emerging as a global leader in ESG focused Bitcoin mining and
digital infrastructure.
For more information, visit: www.mawsoninc.com
About Cosmos Asset Management
Established in 2020, Cosmos Asset Management is an
Australian-based asset management company that is involved in a
range of digital assets, including digital currency, indexed funds
and forms partnerships with experienced service providers to bring
innovative exposures to investors. Cosmos Asset Management’s goal
is to identify and develop specialized public and private
offerings, making them accessible to institutional and retail
investors. Through this, Cosmos Asset Management aims to be
Australia’s preeminent digital currency and emerging technology
asset manager.
For more information, visit: www.cosmosam.com.au
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are
not a description of historical fact are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words referencing future events or circumstances such as “expect,”
“intend,” “plan,” “anticipate,” “believe,” and “will,” among
others. Because such statements are subject to risks and
uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements. These
forward-looking statements are based upon Mawson’s current
expectations and involve assumptions that may never materialize or
may prove to be incorrect. Actual results and the timing of events
could differ materially from those anticipated in such
forward-looking statements as a result of various risks and
uncertainties, which include, without limitation, the possibility
that Mawson’s need and ability to raise additional capital, the
development and acceptance of digital asset networks and digital
assets and their protocols and software, the reduction in
incentives to mine digital assets over time, the costs associated
with digital asset mining, the volatility in the value and prices
of cryptocurrencies and further or new regulation of digital
assets. More detailed information about the risks and uncertainties
affecting Mawson is contained under the heading “Risk Factors”
included in Mawson’s Annual Report on Form 10-K filed with the SEC
on March 1, 2021 and Mawson’s Quarterly Report on Form 10-Q filed
with the SEC on November 15, 2021, and in other filings Mawson has
made and may make with the SEC in the future. One should not place
undue reliance on these forward-looking statements, which speak
only as of the date on which they were made. Because such
statements are subject to risks and uncertainties, actual results
may differ materially from those expressed or implied by such
forward-looking statements. Mawson undertakes no obligation to
update such statements to reflect events that occur or
circumstances that exist after the date on which they were made,
except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220517005180/en/
Investor Contact: Brett Maas 646-536-7331
brett@haydenir.com www.haydenir.com
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