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Dec 31, 2021

Mawson Q4 2021 Earnings Report

Announced financial results for the fourth quarter and full year 2021.

Key Takeaways

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.

Full Year 2021 record revenue of $43.9 Million, up 886% vs FY 2020.

Full Year 2021 record gross profit of $34.0 Million, up 2,526% vs FY 2020.

Full Year 2021 record non-GAAP EBITDA of $17.9 Million.

Upgraded Exahash targets to 4 Exahash by Q3 2022, 5.5 Exahash by early Q1 2023.

Total Revenue
$19.7M
Previous year: $1.6M
+1129.4%
EPS
-$3.18
Previous year: $1.62
-296.3%
Bitcoin Produced
808
Gross Profit
$34M
Previous year: -$2.44B
-101.4%
Cash and Equivalents
$5.47M
Free Cash Flow
-$31.3M
Total Assets
$145M

Mawson

Mawson

Forward Guidance

Mawson enters 2022 with a large bitcoin self-mining business, and a large scale hosting co-location business.