Mawson Infrastructure Group Inc. Reports Fiscal Year 2024 Financial Results
Mawson Infrastructure Group (NASDAQ: MIGI) reported strong financial results for fiscal year 2024, demonstrating significant growth across its business segments. The company's digital colocation revenue surged 136% year-over-year to $38.5 million, while energy management revenue grew 42% to $7.6 million. Overall revenue increased 36% to $59.3 million, with gross profit up 35% to $20.3 million.
The company expanded its operational capacity to 129 MW with an additional 24 MW under development, all powered by 100% carbon-free energy. Operating hash rate increased 31% to 4.98 exahash per second. Notably, Mawson generated positive cash flows from operations and was net cash flow positive by year-end 2024.
The company successfully transformed into a multi-tenant digital infrastructure platform, expanding into artificial intelligence (AI) and high-performance computing (HPC) markets, while growing its digital colocation business with multiple enterprise-grade customers.
Mawson Infrastructure Group (NASDAQ: MIGI) ha riportato risultati finanziari solidi per l'anno fiscale 2024, dimostrando una crescita significativa in tutti i segmenti aziendali. I ricavi della società per la colocation digitale sono aumentati del 136% rispetto all'anno precedente, raggiungendo i 38,5 milioni di dollari, mentre i ricavi dalla gestione energetica sono cresciuti del 42% a 7,6 milioni di dollari. I ricavi complessivi sono aumentati del 36% a 59,3 milioni di dollari, con un utile lordo in crescita del 35% a 20,3 milioni di dollari.
La società ha ampliato la propria capacità operativa a 129 MW, con ulteriori 24 MW in fase di sviluppo, tutti alimentati da energia 100% priva di carbonio. Il tasso di hash operativo è aumentato del 31% a 4,98 exahash al secondo. È importante notare che Mawson ha generato flussi di cassa positivi dalle operazioni ed è stata positiva in termini di flusso di cassa netto entro la fine del 2024.
La società si è trasformata con successo in una piattaforma di infrastruttura digitale multi-tenant, espandendosi nei mercati dell'intelligenza artificiale (AI) e del calcolo ad alte prestazioni (HPC), mentre ha ampliato la propria attività di colocation digitale con diversi clienti di livello enterprise.
Mawson Infrastructure Group (NASDAQ: MIGI) reportó resultados financieros sólidos para el año fiscal 2024, demostrando un crecimiento significativo en todos sus segmentos comerciales. Los ingresos de la empresa por colocation digital aumentaron un 136% interanual, alcanzando los 38,5 millones de dólares, mientras que los ingresos por gestión de energía crecieron un 42% a 7,6 millones de dólares. Los ingresos totales aumentaron un 36% a 59,3 millones de dólares, con una ganancia bruta que subió un 35% a 20,3 millones de dólares.
La empresa amplió su capacidad operativa a 129 MW, con 24 MW adicionales en desarrollo, todos alimentados por energía 100% libre de carbono. La tasa de hash operativo aumentó un 31% a 4,98 exahashes por segundo. Notablemente, Mawson generó flujos de efectivo positivos de las operaciones y tuvo un flujo de efectivo neto positivo a finales de 2024.
La empresa se transformó con éxito en una plataforma de infraestructura digital multi-tenant, expandiéndose en los mercados de inteligencia artificial (IA) y computación de alto rendimiento (HPC), mientras crecía su negocio de colocation digital con múltiples clientes de nivel empresarial.
Mawson Infrastructure Group (NASDAQ: MIGI)는 2024 회계연도에 강력한 재무 실적을 보고하며 모든 사업 부문에서 상당한 성장을 보여주었습니다. 회사의 디지털 콜로케이션 수익은 전년 대비 136% 증가하여 3,850만 달러에 달했으며, 에너지 관리 수익은 42% 증가하여 760만 달러에 이르렀습니다. 전체 수익은 36% 증가하여 5,930만 달러에 달하며, 총 이익은 35% 증가하여 2,030만 달러에 이르렀습니다.
회사는 운영 용량을 129 MW로 확장했으며, 추가로 24 MW가 개발 중이며, 모두 100% 탄소 없는 에너지로 운영됩니다. 운영 해시율은 31% 증가하여 초당 4.98 엑사해시를 기록했습니다. 특히, Mawson은 운영에서 긍정적인 현금 흐름을 생성했으며 2024년 말까지 순 현금 흐름이 긍정적이었습니다.
회사는 성공적으로 다중 임대 디지털 인프라 플랫폼으로 변모하였으며, 인공지능(AI) 및 고성능 컴퓨팅(HPC) 시장으로 확장하였고, 여러 기업 고객과 함께 디지털 콜로케이션 비즈니스를 성장시켰습니다.
Mawson Infrastructure Group (NASDAQ: MIGI) a annoncé des résultats financiers solides pour l'exercice 2024, montrant une croissance significative dans tous ses segments d'activité. Les revenus de l'entreprise provenant de la colocation numérique ont augmenté de 136 % par rapport à l'année précédente, atteignant 38,5 millions de dollars, tandis que les revenus de la gestion de l'énergie ont progressé de 42 % à 7,6 millions de dollars. Les revenus globaux ont augmenté de 36 % pour atteindre 59,3 millions de dollars, avec un bénéfice brut en hausse de 35 % à 20,3 millions de dollars.
L'entreprise a élargi sa capacité opérationnelle à 129 MW, avec 24 MW supplémentaires en cours de développement, tous alimentés par une énergie 100 % sans carbone. Le taux de hachage opérationnel a augmenté de 31 % pour atteindre 4,98 exahash par seconde. Il est à noter que Mawson a généré des flux de trésorerie positifs provenant des opérations et a été positive en termes de flux de trésorerie net à la fin de 2024.
L'entreprise s'est transformée avec succès en une plateforme d'infrastructure numérique multi-tenant, s'étendant aux marchés de l'intelligence artificielle (IA) et du calcul haute performance (HPC), tout en développant son activité de colocation numérique avec plusieurs clients de niveau entreprise.
Mawson Infrastructure Group (NASDAQ: MIGI) hat für das Geschäftsjahr 2024 starke Finanzergebnisse gemeldet und ein signifikantes Wachstum in allen Geschäftsbereichen gezeigt. Der Umsatz des Unternehmens aus digitaler Colocation stieg um 136% im Vergleich zum Vorjahr auf 38,5 Millionen Dollar, während der Umsatz aus Energiemanagement um 42% auf 7,6 Millionen Dollar wuchs. Der Gesamtumsatz erhöhte sich um 36% auf 59,3 Millionen Dollar, mit einem Bruttogewinn, der um 35% auf 20,3 Millionen Dollar stieg.
Das Unternehmen hat seine Betriebskapazität auf 129 MW erweitert, mit zusätzlichen 24 MW in Entwicklung, die alle mit 100% kohlenstofffreier Energie betrieben werden. Die Betriebs-Hashrate stieg um 31% auf 4,98 Exahash pro Sekunde. Bemerkenswert ist, dass Mawson positive Cashflows aus dem operativen Geschäft generierte und zum Jahresende 2024 einen positiven Netto-Cashflow aufwies.
Das Unternehmen hat sich erfolgreich in eine Multi-Tenant-Digitalinfrastruktur-Plattform verwandelt und sich in die Märkte für künstliche Intelligenz (KI) und Hochleistungsrechnen (HPC) ausgeweitet, während es sein digitales Colocation-Geschäft mit mehreren Unternehmenskunden ausbaute.
- 136% YoY growth in digital colocation revenue to $38.5M
- 42% YoY growth in energy management revenue to $7.6M
- 35% YoY increase in gross profit to $20.3M
- Positive cash flows from operations and net cash flow positive
- 31% increase in operating hash rate to 4.98 EH/s
- Expansion funded entirely through operational cash flow
- Successfully expanded into AI and HPC markets
- None.
Insights
Mawson's FY2024 results reveal substantial growth across all key segments, with digital colocation revenue surging
The company's strategic pivot toward a multi-tenant infrastructure model serving enterprise-grade customers marks a significant evolution from its origins. Particularly noteworthy is that Mawson funded its capacity expansion entirely through operational cash flows rather than external financing, demonstrating improved financial discipline and operational efficiency. The company ended 2024 with positive cash flow from operations and positive net cash flow, indicating strengthening financial health.
Mawson's expansion beyond cryptocurrency mining into AI and high-performance computing infrastructure represents a timely diversification strategy that could potentially reduce vulnerability to crypto market volatility. The
With operational capacity now at 129 MW and an additional 24 MW under development, all powered by carbon-free energy, the company has positioned itself at the intersection of digital infrastructure and sustainability – potentially appealing to ESG-conscious enterprise clients seeking compute capacity.
Mawson's expansion into AI and high-performance computing markets represents a strategically sound diversification from its digital assets foundation. This pivot leverages their existing expertise in managing power-intensive computing infrastructure while opening new market opportunities beyond cryptocurrency cycles.
The decision to strengthen leadership with hires from Apple, AWS, Nokia, and other tech leaders signals a serious commitment to technological transformation and enterprise-grade service delivery. These additions bring crucial experience in scaling cloud and computing infrastructure for major technology platforms.
The shift to a multi-tenant platform serving enterprise customers fundamentally changes Mawson's business profile. Rather than being purely exposed to cryptocurrency prices, they're now positioning as an infrastructure provider at the convergence of several high-growth computing sectors. Their 100% carbon-free energy approach likely provides competitive differentiation when courting sustainability-conscious enterprise clients.
Operational metrics, including the
Expanded into Artificial Intelligence (AI) and High-Performance Computing (HPC) markets
MIDLAND, Pa., March 28, 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 financial and operational results for the year ended December 31, 2024.
Rahul Mewawalla, the Company’s CEO and President, commented, "We have led the Company through a journey of transformation through the year, and as a result, we are pleased to deliver both significant revenue and gross profit growth —
Key financial and operational highlights for the year ended December 31, 2024 include:
- Digital colocation revenue increased
136% Y/Y to$38.5 million . - Energy management revenue increased
42% Y/Y to$7.6 million . - Overall revenue increased
36% Y/Y to$59.3 million . - Overall gross profit increased
35% Y/Y to$20.3 million . - Company generated positive cash flows from operations and was net cash flow positive at the end of 2024.
- Operating hash rate1 increased
31% Y/Y to 4.98 exahash per second (EH/s). - Expanded current operational capacity to 129 MW with an additional 24 MW under development, with our facilities being powered by
100% carbon-free energy. - Operating capacity expansion was funded entirely through cash from operations.
- Grew digital colocation business to multiple enterprise-grade customers in 2024.
- Expanded into artificial intelligence (AI) and high-performance computing (HPC) markets.
- Strengthened management and technology team with hires bringing expertise from Apple, Amazon Web Services, Nokia, Yahoo, T-Mobile, and other technology companies.
Conferences and Events Update
Mawson has planned for its CEO and President, Rahul Mewawalla, and other members of the management team, to join the following upcoming conferences and events. Please contact IR@Mawsoninc.com for further information.
- Google Cloud Next – April 9-11, 2025
- AI and Big Data Expo – June 4-5, 2025
About Mawson:
Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company that offers digital infrastructure platforms for artificial intelligence (AI), high-performance computing (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 artificial intelligence (AI), high-performance computing (HPC), digital assets, 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.
The Company’s media interviews and videos are available at www.mawsoninc.com/video-interviews . Articles and recent news related to the Company are available at www.mawsoninc.com/articles.
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, 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. 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 March 28, 2025, 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
LinkedIn: https://www.linkedin.com/company/mawsoninc/
Twitter: Mawson (@Mawsoninc) / X (twitter.com)
Facebook: Mawson Inc | Pittsburgh PA | Facebook
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Vimeo: https://vimeo.com/mawsoninc
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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