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Dec 30, 2024
Mawson Q4 2024 Earnings Report
Estimated Revenue:$14.4M
+50.7% YoY
Estimated EPS:-$0.22
+69.1% YoY
Key Takeaways
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.
Digital colocation revenue increased 136% year-over-year to $38.5 million.
Energy management revenue increased 42% year-over-year to $7.6 million.
Overall gross profit increased 35% year-over-year to $20.3 million.
Operating hash rate increased 31% year-over-year to 4.98 exahash per second (EH/s).
Mawson
Mawson
Mawson Revenue by Segment
Revenue by Segment
Digital Colocation Revenue
CapyFin.comEnergy Management Revenue
CapyFin.com Forward Guidance
Mawson Infrastructure Group Inc. plans to continue its strategic focus on digital infrastructure platforms for AI, HPC, and digital assets, with upcoming participation in key industry conferences.
Positive Outlook
- Continued expansion into artificial intelligence (AI) and high-performance computing (HPC) markets.
- Strengthened management and technology team with hires from leading tech companies.
- Focus on generating positive cash flows from operations.
- Commitment to powering facilities with 100% carbon-free energy.
- Participation in key industry conferences to engage with partners and customers.
Challenges Ahead
- The possibility of 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 digital assets.
- Further or new regulation of digital assets and AI, the evolution of AI and HPC market and changing technologies, the slower than expected growth in demand for AI, HPC and other accelerated computing technologies than expected.
- The ability to timely implement and execute on AI and HPC digital infrastructure, and the ability to timely complete the digital infrastructure build-out in order to achieve its revenue expectations for the periods mentioned.
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Key Statistics
Market Cap
$8.44M
P/E Ratio
-0.20
Sector
Technology Services
Industry
Internet Software Or Services
52-Week High
$2.16
52-Week Low
$0.265
Operational Capacity
129