Mawson Infrastructure Group Inc. Announces Monthly Operational Update for October 2024
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) ha riportato una forte crescita a ottobre 2024, con un fatturato mensile totale di 4,89 milioni di dollari, in aumento del 49% rispetto all'anno precedente e del 18% rispetto al mese precedente. Il settore della Digital Colocation ha generato un reddito mensile di 3,96 milioni di dollari, mostrando una crescita significativa rispetto a 0,08 milioni di dollari di ottobre 2023. I ricavi da Energy Management sono stati di 0,70 milioni di dollari, con un incremento del 13% rispetto al mese precedente, mentre i ricavi da Digital Assets Mining hanno raggiunto 0,22 milioni di dollari, aumentando del 25% rispetto a settembre 2024.
Mawson Infrastructure Group (NASDAQ: MIGI) reportó un fuerte crecimiento en octubre de 2024, con un ingreso mensual total de 4,89 millones de dólares, un aumento del 49% en comparación con el año anterior y del 18% en comparación con el mes anterior. El negocio de Digital Colocation generó 3,96 millones de dólares en ingresos mensuales, mostrando un crecimiento significativo desde 0,08 millones de dólares en octubre de 2023. Los ingresos por Energy Management fueron de 0,70 millones de dólares, un aumento del 13% respecto al mes anterior, mientras que los ingresos por Digital Assets Mining alcanzaron 0,22 millones de dólares, aumentando un 25% desde septiembre de 2024.
마우손 인프라 그룹 (NASDAQ: MIGI)는 2024년 10월에 강력한 성장을 보고했으며, 총 월 수익은 489만 달러에 도달하여 전년 대비 49%, 전월 대비 18% 증가했습니다. 디지털 공동 위치 사업은 월간 수익이 396만 달러에 달하여 2023년 10월 8만 달러에서 상당히 성장했습니다. 에너지 관리 수익은 70만 달러로 전월 대비 13% 증가했으며, 디지털 자산 채굴 수익은 22만 달러에 도달하여 2024년 9월 대비 25% 증가했습니다.
Mawson Infrastructure Group (NASDAQ: MIGI) a annoncé une forte croissance en octobre 2024, avec un chiffre d'affaires mensuel total atteignant 4,89 millions de dollars, en hausse de 49 % par rapport à l'année précédente et de 18 % par rapport au mois précédent. Les revenus de l'activité Digital Colocation ont atteint 3,96 millions de dollars, montrant une croissance significative par rapport à 0,08 million de dollars en octobre 2023. Les revenus de Energy Management se sont élevés à 0,70 million de dollars, en hausse de 13 % par rapport au mois précédent, tandis que les revenus de Digital Assets Mining ont atteint 0,22 million de dollars, augmentant de 25 % par rapport à septembre 2024.
Mawson Infrastructure Group (NASDAQ: MIGI) berichtete im Oktober 2024 von einem starken Wachstum, mit einem monatlichen Gesamtumsatz von 4,89 Millionen Dollar, was einem Anstieg von 49% im Vergleich zum Vorjahr und 18% im Vergleich zum Vormonat entspricht. Das Digital Colocation-Geschäft erzielte einen monatlichen Umsatz von 3,96 Millionen Dollar und zeigte ein signifikantes Wachstum von 0,08 Millionen Dollar im Oktober 2023. Die Einnahmen aus Energy Management betrugen 0,70 Millionen Dollar, ein Anstieg von 13% im Vergleich zum Vormonat, während die Einnahmen aus Digital Assets Mining 0,22 Millionen Dollar erreichten, was einem Anstieg von 25% im Vergleich zu September 2024 entspricht.
- Total monthly revenue increased 49% Y/Y to $4.89 million
- Digital Colocation revenue grew significantly to $3.96 million from $0.08 million Y/Y
- Energy Management revenue up 13% M/M to $0.70 million
- Digital Assets Mining revenue increased 25% M/M to $0.22 million
- None.
Insights
The latest operational update reveals significant growth momentum across Mawson's business segments. Total monthly revenue reached
The revenue diversification across colocation (
Mawson's pivot from primarily crypto mining to a diversified digital infrastructure provider shows strategic foresight. The substantial growth in colocation services revenue suggests successful penetration into the high-demand AI and HPC infrastructure market. This transition aligns with industry trends as data center operators increasingly cater to AI workloads, which require specialized cooling and power infrastructure.
The company's multi-service approach combining colocation, energy management and digital asset mining creates operational synergies and maximizes infrastructure utilization. The energy management revenue stream is particularly noteworthy as it indicates sophisticated power optimization capabilities - a critical differentiator in the energy-intensive data center industry.
Total Monthly Revenue grew
Digital Colocation Monthly Revenue grew
Digital Assets Mining Monthly Revenue grew
MIDLAND, Pa., Nov. 20, 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 October 2024.
Rahul Mewawalla, CEO and President said, “We are pleased to deliver another month of strong growth across our business with our total monthly revenue increasing
Unaudited financial and operational highlights for October 2024:
- Total Monthly Revenue up
49% Y/Y from October 2023 and up18% M/M from September 2024 to about$4.89 million . - Digital Colocation Monthly Business Revenue was
$3.96 million , up multi-fold Y/Y from$0.08 million in October 2023 and up18% M/M from September 2024. - Energy Management Monthly Business Revenue was
$0.70 million , up13% M/M from September 2024 and Self-mining Digital Assets Mining Monthly Business Revenue was$0.22 million , up25% M/M from September 2024. - Mawson supports innovative, agile, efficient, and scalable approaches to AI infrastructure and compute, invites AI/HPC partners 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 join the following upcoming conferences and events. Please contact IR@Mawsoninc.com for further information.
- Roth 13th Annual Technology Conference - November 19-20, 2024 in New York City
- Northland Capital Markets Growth Conference - December 12, 2024
- Axios Artificial Intelligence (AI) Summit – December 17, 2024 in San Francisco
- Pacific Telecommunications Council - January 20-22, 2025 in Honolulu
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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