Mawson Infrastructure Group Inc. Announces Monthly Operational Update for November 2024
Mawson Infrastructure Group (NASDAQ: MIGI) released its November 2024 operational update, highlighting significant growth in its digital infrastructure business. The company reported a 111% year-over-year increase in Monthly Digital Colocation Revenue, reaching $4.18 million compared to $1.98 million in November 2023.
Total Monthly Revenue reached $4.91 million, showing a 2% Y/Y and 0.5% M/M growth. The company maintains a Current Total Operating Capacity of 129 MW, expected to expand to 153 MW upon completion of its Ohio facility. The Combined Total Current Operating Hash Rate stands at approximately 4.98 EH/s, including both colocation and self-mining operations.
Mawson Infrastructure Group (NASDAQ: MIGI) ha rilasciato il suo aggiornamento operativo di novembre 2024, evidenziando una significativa crescita nel suo business di infrastruttura digitale. L'azienda ha riportato un aumento del 111% su base annua nei Ricavi Mensili da Colocazione Digitale, raggiungendo 4,18 milioni di dollari rispetto ai 1,98 milioni di dollari di novembre 2023.
Il Ricavo Totale Mensile ha raggiunto i 4,91 milioni di dollari, mostrando una crescita del 2% su base annua e dello 0,5% rispetto al mese precedente. L'azienda mantiene una Capacità Totale Operativa Attuale di 129 MW, che si prevede espanderà a 153 MW al completamento della struttura in Ohio. L'Hash Rate Totale Operativo Combinato attuale si attesta a circa 4,98 EH/s, includendo sia le operazioni di colocazione che quelle di auto-mining.
Mawson Infrastructure Group (NASDAQ: MIGI) publicó su actualización operativa de noviembre de 2024, destacando un crecimiento significativo en su negocio de infraestructura digital. La compañía reportó un aumento del 111% interanual en los Ingresos Mensuales de Colocación Digital, alcanzando 4.18 millones de dólares en comparación con 1.98 millones de dólares en noviembre de 2023.
Los Ingresos Mensuales Totales alcanzaron los 4.91 millones de dólares, mostrando un crecimiento del 2% interanual y del 0.5% mensual. La compañía mantiene una Capacidad Operativa Total Actual de 129 MW, que se espera que se expanda a 153 MW tras la finalización de su instalación en Ohio. La Tasa de Hash Operativa Total Combinada se sitúa en aproximadamente 4.98 EH/s, incluyendo tanto operaciones de colocación como de auto-minado.
Mawson Infrastructure Group (NASDAQ: MIGI)는 2024년 11월 운영 업데이트를 발표하며 디지털 인프라 사업의 significant한 성장을 강조했습니다. 회사는 월간 디지털 콜로케이션 수익이 전년 대비 111% 증가하여 2023년 11월 198만 달러에서 418만 달러에 도달했다고 보고했습니다.
총 월간 수익은 491만 달러에 달하며, 전년 대비 2%, 전월 대비 0.5%의 성장을 보였습니다. 회사는 현재 총 운영 용량 129 MW를 유지하고 있으며, 오하이오 시설 완공 시 153 MW로 확대될 것으로 예상됩니다. 연합 총 현재 운영 해시율은 약 4.98 EH/s로, 콜로케이션과 셀프 마이닝 운영을 포함합니다.
Mawson Infrastructure Group (NASDAQ: MIGI) a publié sa mise à jour opérationnelle de novembre 2024, mettant en avant une croissance significative de son activité d'infrastructure numérique. L'entreprise a rapporté une augmentation de 111% d'une année sur l'autre de ses Revenus Mensuels de Colocation Numérique, atteignant 4,18 millions de dollars par rapport à 1,98 million de dollars en novembre 2023.
Les Revenus Mensuels Totaux ont atteint 4,91 millions de dollars, affichant une croissance de 2% d'une année sur l'autre et de 0,5% par rapport au mois précédent. L'entreprise maintient une Capacité Totale d'Exploitation Actuelle de 129 MW, qui devrait s'étendre à 153 MW après l'achèvement de sa structure dans l'Ohio. Le Taux de Hachage Opérationnel Total Combiné est d'environ 4,98 EH/s, y compris les opérations de colocation et d'auto-minage.
Mawson Infrastructure Group (NASDAQ: MIGI) veröffentlichte sein operatives Update für November 2024 und hob das signifikante Wachstum im Bereich Digitalinfrastruktur hervor. Das Unternehmen berichtete von einem jährlichen Anstieg von 111% bei den monatlichen Einnahmen aus digitaler Colocation, die 4,18 Millionen Dollar erreichten, verglichen mit 1,98 Millionen Dollar im November 2023.
Die gesamten monatlichen Einnahmen erreichten 4,91 Millionen Dollar, was ein Wachstum von 2% im Jahresvergleich und 0,5% im Vergleich zum Vormonat zeigt. Das Unternehmen hält eine aktuelle Gesamtbetriebsleistung von 129 MW, die voraussichtlich auf 153 MW erhöht wird, sobald die Einrichtung in Ohio fertiggestellt ist. Die kombinierte aktuelle Betriebs-Hashrate liegt bei etwa 4,98 EH/s und umfasst sowohl Colocation- als auch Selbst-Mining-Operationen.
- Monthly Digital Colocation Revenue increased 111% Y/Y to $4.18 million
- Total Monthly Revenue grew 2% Y/Y and 0.5% M/M to $4.91 million
- Operating capacity expected to expand from 129 MW to 153 MW
- None.
Insights
Total Monthly Digital Colocation Revenue grew
Total Current Operating Hash Rate (EH) of about 4.98 EH/s, with current total operating capacity of 129 MW and expected to grow to 153 MW upon Ohio facility completion
MIDLAND, Pa., Dec. 10, 2024 (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 November 2024.
Rahul Mewawalla, CEO and President said, “We are pleased to deliver another month of growth across our businesses with our total monthly revenue increasing year-over-year and month-over-month, highlighted by significant growth in our digital colocation revenue of
Unaudited financial and operational highlights for November 2024:
- Monthly Digital Colocation Revenue was up
111% Y/Y, growing from$1.98 million in November 2023 to about$4.18 million in November 2024. - Total Monthly Revenue of about
$4.91 million , up2% Y/Y from November 2023 and up0.5% M/M from October 2024; Monthly Energy Management Revenue of$0.33 million and Monthly Digital Assets Mining Revenue of$0.40 million . - Current Total Operating Capacity of 129 MW and expected to grow to 153 MW upon full completion of Ohio facility.
- Combined Total Current Operating Hash Rate (EH) of about 4.98 EH/s (includes colocation and self-mining)1.
- 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 to participate in the following upcoming conferences and events. Please contact IR@Mawsoninc.com for further information.
- Northland Capital Markets Growth Conference - December 12, 2024
- Axios Artificial Intelligence (AI) Summit – December 16-17, 2024 in San Francisco
- ICR Conference 2025 – January 13-15, 2025 in Orlando
- Pacific Telecommunications Council - January 20-22, 2025 in Honolulu
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company that offers digital infrastructure platforms for AI, HPC, and digital assets. The Company’s digital infrastructure platforms can be used to operate computing resources for a number of applications, and are offered across digital assets, artificial intelligence (AI), high-performance computing (HPC) and other computing applications. Our innovation, technology, and operational expertise enables us to operate and optimize digital infrastructure to accelerate the digital economy. The Company has a strategy to prioritize the usage of carbon-free energy sources, including nuclear energy, to power its digital infrastructure platforms and computational machines. For more information, please visit: https://www.mawsoninc.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
The Company 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 the Company’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. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K filed with the SEC on April 1, 2024, Quarterly Reports on Form 10-Q filed with the SEC on May 15, 2024, August 19, 2024, November 14, 2024, the Report on Form 8-K filed with the SEC on December 4, 2024, and in other filings that the Company 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. The Company 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
LinkedIn: https://www.linkedin.com/company/mawsoninc/
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Investor Contact:
Investor Relations Team
IR@mawsoninc.com
Partnerships Contact:
Partnerships Team
Partnerships@mawsoninc.com
Media and Press Contact:
Media Relations Team
mediarelations@mawsoninc.com
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1 Current Operating Hash Rate is based on the nameplate hash rate of the miners currently deployed.
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