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Dec 31, 2022

Mawson Q4 2022 Earnings Report

Reported financial results for the fourth quarter and full year ended December 31, 2022.

Key Takeaways

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.

Expanded Pennsylvania facilities to 240MW capacity or approximately 8 Exahash.

Completed the sale of a non-core facility to CleanSpark for $40M.

Intends to expand Pennsylvanian facilities with a mixture of self-mining and hosting throughout 2023 and into 2024.

Vertically integrated model promotes the global transition to the new digital economy.

Total Revenue
$16.9M
Previous year: $19.7M
-14.3%
EPS
-$1.34
Previous year: -$3.18
-57.9%
Gross Profit
$36.6M
Previous year: $34M
+7.6%
Cash and Equivalents
$946K
Previous year: $5.47M
-82.7%
Free Cash Flow
-$23.7M
Previous year: -$31.3M
-24.1%
Total Assets
$133M
Previous year: $145M
-8.2%

Mawson

Mawson

Forward Guidance

Mawson intends to expand its Pennsylvanian facilities with a mixture of self-mining and hosting throughout 2023 and into 2024.