Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2024
Mawson Infrastructure Group (NASDAQ: MIGI) reported strong growth in December 2024, with Digital Colocation Monthly Revenue increasing 69% year-over-year to $4.49 million and Total Monthly Revenue reaching $5.26 million, up 7% month-over-month. The company's Total Current Operating Hash Rate stands at 4.98 EH/s, with expectations to reach 5.10 EH/s following recent developments.
The company recently secured a new 12-month digital colocation agreement with a NASDAQ-listed company for 5,880 miners (approximately 20 MW). Upon completion of this deployment, Mawson will operate about 41,500 miners. The company's current operating capacity of 129 MW is expected to expand to 153 MW with the completion of its Ohio facility in 2025.
Monthly Energy Management Business Revenue increased 25% month-over-month to $0.41 million, while Digital Assets Mining Monthly Business Revenue was $0.36 million in December 2024.
Mawson Infrastructure Group (NASDAQ: MIGI) ha riportato una forte crescita a dicembre 2024, con un aumento del 69% rispetto all'anno precedente per i Ricavi Mensili di Digital Colocation, che sono saliti a 4,49 milioni di dollari, e i Ricavi Mensili Totali che hanno raggiunto i 5,26 milioni di dollari, in aumento del 7% rispetto al mese precedente. L'attuale Hash Rate Operativo Totale dell'azienda è di 4,98 EH/s, con aspettative di raggiungere i 5,10 EH/s a seguito degli sviluppi recenti.
L'azienda ha recentemente assicurato un nuovo accordo di colocation digitale della durata di 12 mesi con una società quotata al NASDAQ per 5.880 miner (circa 20 MW). Al termine di questo dispiegamento, Mawson opererà circa 41.500 miner. L'attuale capacità operativa dell'azienda di 129 MW è prevista in espansione a 153 MW con il completamento della sua struttura in Ohio nel 2025.
I Ricavi Mensili dell'Attività di Gestione Energetica sono aumentati del 25% rispetto al mese precedente, raggiungendo 0,41 milioni di dollari, mentre i Ricavi Mensili dell'Attività di Mining di Asset Digitali sono stati di 0,36 milioni di dollari a dicembre 2024.
Mawson Infrastructure Group (NASDAQ: MIGI) reportó un fuerte crecimiento en diciembre de 2024, con un aumento del 69% interanual en los Ingresos Mensuales de Colocación Digital, alcanzando 4.49 millones de dólares, y los Ingresos Mensuales Totales que llegaron a 5.26 millones de dólares, incrementándose un 7% mes a mes. La tasa de hash operativa total actual de la empresa es de 4.98 EH/s, con expectativas de alcanzar 5.10 EH/s tras los desarrollos recientes.
La empresa recientemente aseguró un nuevo acuerdo de colocación digital por 12 meses con una compañía listada en NASDAQ para 5,880 mineros (aproximadamente 20 MW). Al completar este despliegue, Mawson operará alrededor de 41,500 mineros. La capacidad operativa actual de la empresa de 129 MW se espera que se expanda a 153 MW con la finalización de su instalación en Ohio en 2025.
Los Ingresos Mensuales del Negocio de Gestión Energética aumentaron un 25% mes a mes, alcanzando 0.41 millones de dólares, mientras que los Ingresos Mensuales del Negocio de Minería de Activos Digitales fueron de 0.36 millones de dólares en diciembre de 2024.
Mawson Infrastructure Group (NASDAQ: MIGI)는 2024년 12월에 강력한 성장을 보고했습니다. 디지털 공동 호스팅 월 수익이 전년 대비 69% 증가하여 449만 달러에 도달했으며, 총 월 수익은 526만 달러에 이르렀고, 전월 대비 7% 증가했습니다. 회사의 현재 운영 해시율은 4.98 EH/s이며, 최근 개발에 따라 5.10 EH/s에 도달할 것으로 기대하고 있습니다.
회사는 최근 5,880개의 채굴기(약 20 MW)에 대해 NASDAQ 상장 기업과 12개월 디지털 공동 호스팅 계약을 체결했습니다. 이 배치가 완료되면 Mawson은 약 41,500개의 채굴기를 운영하게 됩니다. 현재 129 MW의 운영 용량은 2025년 오하이오 시설 완공과 함께 153 MW로 확대될 것으로 예상됩니다.
월별 에너지 관리 비즈니스 수익은 전월 대비 25% 증가하여 41만 달러에 달했으며, 2024년 12월 디지털 자산 채굴 월 수익은 36만 달러였습니다.
Mawson Infrastructure Group (NASDAQ: MIGI) a signalé une forte croissance en décembre 2024, avec des revenus mensuels de colocation digitale augmentant de 69% par rapport à l'année précédente, atteignant 4,49 millions de dollars, tandis que les revenus mensuels totaux ont atteint 5,26 millions de dollars, en hausse de 7% par rapport au mois précédent. Le taux de hachage opérationnel total actuel de l'entreprise est de 4,98 EH/s, avec des attentes d'atteindre 5,10 EH/s suite aux développements récents.
L'entreprise a récemment sécurisé un nouvel accord de colocation digitale de 12 mois avec une société cotée au NASDAQ pour 5 880 mineurs (environ 20 MW). Une fois ce déploiement terminé, Mawson exploitera environ 41 500 mineurs. La capacité opérationnelle actuelle de l'entreprise de 129 MW devrait passer à 153 MW avec l'achèvement de son installation dans l'Ohio en 2025.
Les revenus mensuels du secteur de la gestion de l'énergie ont augmenté de 25% par rapport au mois précédent, atteignant 0,41 million de dollars, tandis que les revenus mensuels de l'activité de minage d'actifs numériques s'élevaient à 0,36 million de dollars en décembre 2024.
Mawson Infrastructure Group (NASDAQ: MIGI) berichtete von einem starken Wachstum im Dezember 2024, mit einer Steigerung der monatlichen Einnahmen aus digitaler Colocation um 69% im Jahresvergleich auf 4,49 Millionen Dollar und den gesamten monatlichen Einnahmen, die auf 5,26 Millionen Dollar stiegen, was einem Anstieg von 7% im Monatsvergleich entspricht. Die aktuelle gesamte Betriebs-Hash-Rate des Unternehmens beträgt 4,98 EH/s, mit Erwartungen, 5,10 EH/s nach den jüngsten Entwicklungen zu erreichen.
Das Unternehmen sicherte sich kürzlich einen neuen 12-monatigen digitalen Colocation-Vertrag mit einem an der NASDAQ gelisteten Unternehmen für 5.880 Miner (ungefähr 20 MW). Nach Abschluss dieser Bereitstellung wird Mawson etwa 41.500 Miner betreiben. Die aktuelle Betriebsleistung des Unternehmens von 129 MW wird voraussichtlich mit dem Abschluss ihrer Einrichtung in Ohio im Jahr 2025 auf 153 MW steigen.
Die monatlichen Einnahmen aus dem Geschäft mit Energiemanagement stiegen im Vergleich zum Vormonat um 25% auf 0,41 Millionen Dollar, während die monatlichen Einnahmen aus dem Mining digitaler Vermögenswerte im Dezember 2024 0,36 Millionen Dollar betrugen.
- Digital Colocation Monthly Revenue up 69% Y/Y to $4.49M
- Total Monthly Revenue increased 7% M/M to $5.26M
- Energy Management Revenue grew 25% M/M to $0.41M
- New 20 MW colocation agreement secured with NASDAQ-listed company
- Operating capacity expected to expand from 129 MW to 153 MW
- None.
Insights
The December 2024 operational update showcases robust growth metrics with digital colocation revenue surging
The expansion of operating capacity from 129 MW to 153 MW upon Ohio facility completion positions Mawson for continued growth. With a hash rate of 4.98 EH/s expected to reach 5.10 EH/s, the company is scaling efficiently in the competitive PJM market. The diversification into AI and HPC markets could provide additional revenue streams and reduce dependency on crypto-related income.
For a small-cap company (
The strategic positioning in the PJM market, North America's largest deregulated power market, provides Mawson with a competitive advantage in managing energy costs. The current infrastructure deployment of 41,500 miners demonstrates significant scale, while the planned Ohio facility expansion shows forward-thinking capacity growth.
The company's pivot toward AI and HPC infrastructure services is particularly noteworthy, as it aligns with broader industry trends toward diversified computing applications. The recruitment of talent from AWS and Apple suggests a serious commitment to technical excellence and enterprise-grade service delivery. The extensive conference schedule, including NVIDIA GTC AI Conference and InfraAI Global Summit, indicates a strategic push into the AI infrastructure space.
The
Media coverage in prestigious publications (Financial Times, Reuters, Forbes) and the NASDAQ bell ringing ceremony have improved market visibility. However, the relatively small market cap of
Digital Colocation Monthly Revenue grew
Total Current Operating Hash Rate (EH) about 4.98 EH/s and expected to grow to about 5.10 EH/s given new developments announced in early January 2025
Recently Executed 20 MW Digital Asset Colocation Agreement with New Enterprise-Grade Customer
Current Total Operating Capacity of 129 MW, expected to grow to 153 MW upon Ohio facility completion later in 2025
MIDLAND, Pa., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a publicly-traded technology company focused on digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets markets, today announced its unaudited business and operational update for December 2024.
Rahul Mewawalla, CEO and President said, “We are delighted with what has been a transformational 2024 year for the company and a great start to the new year 2025. During 2024 and early 2025, we delivered significant upgrades and advancements to our strategic, technological and operational capabilities, drove robust year-on-year and monthly revenue growth across our digital colocation business, acquired and signed several enterprise-grade customers, drove innovation and built what has become one of the largest digital colocation businesses amongst our publicly-traded peers, expanded into new market offerings such as artificial intelligence and high-performance computing in addition to digital assets, we have onboarded leaders and team members with expertise from technology companies like Amazon Web Services and Apple, we were featured in the Financial Times, Reuters, Newsweek, Forbes, Fast Company amongst others, and were recently invited by NASDAQ to ring the Closing Bell. I am truly grateful to the entire organization and ecosystem including our employees, customers and partners. We are looking forward to the year ahead and what we will together accomplish in 2025.”
Unaudited financial and operational highlights for December 2024:
- Digital Colocation Monthly Business Revenue was up
69% Y/Y, to about$4.49 million growing from$2.66 million in December 2023, and up8% M/M growing from$4.18 million in November 2024. - Total Monthly Revenue up
7% M/M to about$5.26 million from$4.9 million in November 2024. - Monthly Energy Management Business Revenue was up
25% M/M from$0.33 million in November 2024 to$0.41 million in December 2024 and Digital Assets Mining Monthly Business Revenue was$0.36 million . - Total Current Operating Hash Rate (EH) is about 4.98 EH/s (exahashes per second)
- Mawson recently signed a new digital colocation customer agreement with a NASDAQ-listed publicly traded company as a customer on January 3, 2025
- Digital colocation services for 5,880 miners or approximately 20 MW at Mawson’s facilities, initial digital colocation customer agreement term is for 12 months, and the parties can extend upon mutual agreement.
- Further strengthens Mawson’s position as a leading industry provider of digital infrastructure and colocation services in the attractive PJM market, which is North America’s largest competitive and deregulated wholesale power market.
- Upon completion of this deployment, Mawson expects to operate and manage approximately 41,500 miners.
- Combined Total Current Operating Hash Rate (EH) expected to increase to about 5.10 EH/s (includes colocation and self-mining across our facilities).1
- Company also has an additional site in Ohio under development which is expected to add an initial 24 MW to the Company’s currently operating 129 MW across its sites, growing the Company’s total operating capacity to 153 MW, upon completion with further potential expansion of its hashrate.
- Mawson supports innovative, agile, efficient, and scalable approaches to AI infrastructure and compute, and invites AI/HPC ecosystem companies to discuss opportunities to collaborate on artificial intelligence, high-performance and accelerated computing solutions.
Conferences and Events Update
Mawson has planned for its CEO and President, Rahul Mewawalla, and members of management to join the following upcoming conferences and events. Please contact IR@Mawsoninc.com for further information.
- Pacific Telecommunications Council Annual Conference – January 19-22, 2025
- ROTH Capital Chat with CEO Event – January 29, 2025
- AGP Annual Virtual Technology Conference – February 12, 2025
- Northland Capital Markets Fireside Chat with CEO – February 27, 2025
- Data Center World – March 12-13, 2025
- 37th Annual ROTH Capital Conference – March 17-18, 2025
- NVIDIA GTC AI Conference – March 17-21, 2025
- Data Center Dynamics Connect – March 24-25, 2025
- Mining Disrupt – March 25-27, 2025
- InfraAI Global Summit – March 26-27, 2025
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company providing next-generation infrastructure platforms for AI, HPC, and digital assets. Our innovation, technology, and operational expertise enables us to operate and optimize digital infrastructure to accelerate the digital economy including artificial intelligence, high-performance computing solutions, and digital assets using a carbon-free energy approach.
For more information, visit: https://www.mawsoninc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, 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 and cryptocurrencies, further or new regulation of digital assets, cryptocurrencies 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. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on April 1, 2024, and Mawson’s Quarterly Reports on Form 10-Q filed with the SEC on May 15, 2024, August 19,2024, November 14, 2024, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
For more information, visit us at https://www.mawsoninc.com
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1 Current Operating Hash Rate is based on the nameplate hash rate of the miners currently deployed
This press release was published by a CLEAR® Verified individual.
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