Mawson Infrastructure Group Inc. - MIGI STOCK NEWS

Mawson Infrastructure Group (NASDAQ: MIGI) reported strong growth in October 2024, with total monthly revenue reaching $4.89 million, up 49% year-over-year and 18% month-over-month. The company's Digital Colocation business generated $3.96 million in monthly revenue, showing significant growth from $0.08 million in October 2023. Energy Management revenue was $0.70 million, up 13% month-over-month, while Digital Assets Mining revenue reached $0.22 million, increasing 25% from September 2024.

Mawson Infrastructure Group (NASDAQ: MIGI), a technology company specializing in digital infrastructure platforms for AI, high-performance computing, and digital assets, has announced its participation in the Roth 13th Annual Technology Conference in New York City, November 19-20, 2024. CEO and President Rahul Mewawalla and leadership team members will attend the conference, which features meetings with over 100 growth companies in the technology sector. Mewawalla will engage with investors to discuss the company's business strategy and recent developments.

Mawson Infrastructure Group (NASDAQ: MIGI) reported strong Q3 2024 financial results, with notable growth across its business segments. The company's digital colocation business saw a 222% year-over-year revenue increase to $9.52 million, while its energy management business grew 33% to $1.96 million. Total revenue increased 50% year-to-date and 9% year-over-year to $12.32 million. The company expanded into AI and HPC markets, signing a 20 MW agreement for NVIDIA GPU colocation with potential revenue of $92 million in the first two years and $285 million over six years. Mawson's operating capacity is currently 129 MW, with plans to expand to 153 MW in the PJM market.

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) reported significant growth in August 2024, with digital colocation revenue up 166% year-over-year and 25% month-over-month to $3.43 million. Total monthly revenue increased 27% from July 2024 to $4.44 million. The company expanded into Artificial Intelligence (AI) and High-Performance Computing (HPC) colocation markets, executing a 6-year AI customer agreement for 20 MW, expected to generate $285 million in cumulative revenue. Mawson also signed an LOI for potential expansion to 144 MW and secured a 24 MW facility in Ohio, extending its presence in the PJM market. CEO Rahul Mewawalla emphasized the company's focus on carbon-free energy and anticipates AI driving increased demand for digital infrastructure platforms.

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) has announced its expansion into Ohio, bolstering its AI and HPC growth capacities. This move is expected to increase the company's total capacity from 129 MW to approximately 153 MW. Mawson has secured a lease amendment for an extended 9-year term through April 2033, with an initial 24 MW capacity.

The expansion further increases Mawson's footprint in the PJM market, the largest wholesale electric market in North America. CEO Rahul Mewawalla highlighted the attractiveness of this market for AI and HPC operations, noting that major tech companies are also expanding their presence there. Mawson is inviting additional AI and HPC partners for collaboration and innovation, emphasizing its Carbon-Free energy approach, including nuclear energy.

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) reported significant progress in July 2024, with 54% year-over-year growth in digital assets colocation revenue. The company expanded its Midland Facility to 120MW, increasing overall operating capacity to 129MW. Mawson entered the AI and HPC colocation markets, signing a 20MW agreement to host NVIDIA GPUs, potentially generating $285 million over a 6-year term. A non-binding LOI could increase this capacity to 144MW. July's overall revenue was $3.94 million, with digital asset colocation revenue at $2.75 million. The company is expanding its digital infrastructure platform across AI, HPC, and digital assets markets, aiming for sustainable growth and increased shareholder value.

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) reported strong Q2 2024 financial results, with total revenue increasing 24% Y/Y to $13.11 million. The company's digital colocation business saw a 77% Y/Y revenue increase to $8.13 million, while its energy management business grew 70% Y/Y to $1.73 million. Mawson completed a 20 MW expansion of its Midland facilities, increasing capacity to 120 MW. The company also expanded into AI and HPC colocation markets, executing a 20 MW agreement to host NVIDIA GPUs. Mawson's Bitcoin production for Q2 was 49 BTC, generating $3.25 million in self-mining revenue. The company has successfully diversified its operations, signed new colocation agreements, and positioned itself for growth in digital assets, AI, and HPC markets.

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) announced its participation in the World Summit AI (WSAI) scheduled for October 9-10, 2024, in Amsterdam. CEO and President Rahul Mewawalla will represent Mawson at this major AI innovation event. This aligns with Mawson's recent expansion into AI and HPC markets, positioning the company as a rising player in accelerated computing.

The WSAI brings together global AI innovators, including industry leaders like NVIDIA, Google, Amazon, and Meta. Mawson's participation follows its recent announcement of an AI/HPC colocation customer agreement and reflects its vision to be at the forefront of next-generation digital infrastructure platforms for AI, HPC, and digital assets.

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) has entered the AI and HPC markets with a significant colocation agreement. The company signed a 6-year contract for 20 MW of digital infrastructure services with BE Global Development , potentially generating $285 million in cumulative revenue. The initial deployment is expected in Q1 2025, with $92 million potential revenue in the first two years.

Additionally, Mawson signed a non-binding LOI to expand the AI/HPC colocation business to 144 MW, potentially increasing capacity by 6x. This move positions Mawson as a competitive provider in the AI and HPC infrastructure market, which is projected to grow to over $200 billion by 2030. The expansion is expected to enhance Mawson's earnings power and create a powerful digital infrastructure platform across AI, HPC, and digital assets.