Mawson Infrastructure Group Inc. experienced a substantial reduction in net loss in Q1 2025 compared to the same period last year, primarily due to increased digital colocation and energy management revenues, and a significant gain on the fair value of its derivative asset. Despite a decrease in total revenues, the company improved its operating income and significantly reduced its net loss, although it continues to face challenges with negative working capital and ongoing legal disputes.
Mawson Infrastructure Group Inc. announced its fiscal year 2024 financial results, highlighting a 136% year-over-year revenue growth in its digital colocation business and a 42% year-over-year revenue growth in its energy management business. The company also reported a 35% year-over-year increase in overall gross profit and expanded its platform offerings into artificial intelligence (AI) and high-performance computing (HPC) markets.
Mawson Infrastructure Group reported a 49% year-over-year increase in total monthly revenue for October 2024, along with an 18% increase compared to September 2024. The company continues to advance its innovative approach to providing digital infrastructure platforms and solutions.
Mawson Infrastructure Group reported a 24% year-over-year increase in total revenue for Q2 2024. The digital colocation business saw a 77% revenue increase, and the energy management business grew by 70%. The company also reduced SG&A expenses by 42% year-over-year.
Mawson Infrastructure Group reported a 145% year-over-year increase and a 34% quarter-over-quarter increase in total revenue for Q1 2024. The company also optimized and reduced SG&A expenses by 30% year-over-year.
Mawson Infrastructure Group reported financial results for Q4 and full year 2022, highlighting the expansion of their Pennsylvania facilities and the sale of a non-core facility.
Mawson Infrastructure Group reported record full year 2021 revenue of $43.9 million, up 886% vs FY 2020, and a record gross profit of $34.0 million, up 2,526% vs FY 2020. The company also upgraded its Exahash targets.