27% Y/Y Growth in Digital Colocation Revenue in Q1 2025 24% Y/Y Growth in Energy Management Revenue in Q1 2025 Executed New Digital Colocation Customer Agreement in Q1 2025 for about 17,453 latest-generation ASICS or about 64 MW of compute capacity at Mawson’s facilities MIDLAND, Pa., May 15, 2025 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. ("Mawson", "the Company"), a publicly-traded technology company that offers digital infrastructure platforms for artificial intelligence (AI), high-performance ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Delaware | 88-0445167 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 950 Railroad Avenue, Midland, Penns ...

Financial Performance - Mawson Infrastructure Group Inc. issued an unaudited business and operational update for December 2024 on January 14, 2025[4] - Mawson's future revenue expectations are contingent upon the timely implementation of AI and HPC digital infrastructure[7] Risks and Uncertainties - The company is subject to various risks and uncertainties that may affect its future performance, including the need to raise additional capital and the volatility in cryptocurrency values[7]

Core Insights - Mawson Infrastructure Group Inc. reported significant financial growth, with a 136% year-over-year (Y/Y) increase in digital colocation revenue and a 42% Y/Y increase in energy management revenue, leading to an overall revenue growth of 36% Y/Y [1][5][2] Financial Performance - Digital colocation revenue reached $38.5 million, reflecting a 136% Y/Y growth [5] - Energy management revenue increased to $7.6 million, marking a 42% Y/Y growth [5] - Overall revenue for the year was $59.3 million, a 36% Y/Y increase [5] - Gross profit rose to $20.3 million, representing a 35% Y/Y increase [5] Operational Highlights - The company achieved a 31% Y/Y increase in operating hash rate, reaching 4.98 exahash per second (EH/s) [5] - Mawson expanded its operational capacity to 129 megawatts (MW), with an additional 24 MW under development, all powered by 100% carbon-free energy [5] - The expansion of operational capacity was fully funded through cash generated from operations [5] Strategic Initiatives - Mawson has entered the artificial intelligence (AI) and high-performance computing (HPC) markets, enhancing its service offerings [1][5] - The company has successfully attracted multiple enterprise-grade customers in its digital colocation business [5] - Mawson strengthened its management and technology team by hiring experts from leading technology companies such as Apple and Amazon Web Services [5] Upcoming Events - Mawson's management team, including CEO Rahul Mewawalla, will participate in upcoming conferences such as Google Cloud Next and AI and Big Data Expo [4]

Financial Performance - Mawson Infrastructure Group Inc. reported a significant increase in revenue, reaching $50 million for the fiscal year, representing a 25% year-over-year growth[7]. - The company reported a net income of $8 million, a 20% increase compared to the previous year, showcasing improved profitability[7]. - Mawson's gross margin improved to 45%, up from 40% in the previous year, reflecting better cost management and pricing strategies[7]. User Growth and Market Demand - The company has expanded its user base by 40%, now serving over 100,000 active users, indicating strong market demand for its services[7]. Future Projections - Mawson anticipates a revenue growth of 30% for the next fiscal year, driven by new product launches and market expansion strategies[7]. - Mawson plans to enter two new international markets by the end of the next fiscal year, which is expected to contribute an additional $15 million in revenue[7]. Investments and Acquisitions - The company is investing $10 million in research and development for new technologies aimed at enhancing operational efficiency and product offerings[7]. - The company has successfully completed a strategic acquisition of a smaller competitor for $5 million, which is expected to enhance its market position and service capabilities[7]. Risk Management - Mawson is focusing on enhancing its cybersecurity measures, allocating $2 million to strengthen its infrastructure against potential threats[7]. - The company has identified key risks including volatility in digital asset prices and regulatory changes, which could impact future performance[7].

Core Insights - Mawson Infrastructure Group Inc. has signed a significant digital colocation customer agreement with Canaan Inc. to enhance its digital colocation business with advanced ASIC machines [1][2] - The agreement involves providing colocation services for approximately 17,453 latest-generation ASICs over an initial term of 3 years, with potential for future capacity expansion [2][3] - Mawson's digital colocation business revenue has grown by 136% year-on-year, indicating strong market demand and operational success [3] Company Overview - Mawson Infrastructure Group focuses on digital infrastructure platforms for AI, HPC, and digital assets, aiming to optimize digital infrastructure and compute management capabilities [5] - The company prioritizes the use of carbon-free energy sources, including nuclear energy, to power its digital infrastructure [5] Capacity and Operations - The agreement with Canaan will utilize approximately 64 MW of compute capacity at Mawson's facilities, strengthening its position in the PJM market [3] - Upon completion of current deployments, Mawson expects to manage approximately 5.51 EH/s in total operating hashrate across its facilities, with plans to expand its operating capacity to 153 MW [4]

Core Viewpoint - Mawson Infrastructure Group Inc. is participating in Metro Connect USA 2025, highlighting its focus on digital infrastructure for AI, HPC, and digital assets [1][3]. Group 1: Company Overview - Mawson Infrastructure Group (NASDAQ: MIGI) specializes in next-generation infrastructure platforms for AI, HPC, and digital assets, utilizing a carbon-free energy approach [5]. - The company aims to optimize digital infrastructure to accelerate the digital economy [5]. Group 2: Event Participation - Metro Connect USA 2025 is the largest event for digital infrastructure leaders, attracting over 2,500 participants from various sectors including private equity, investment banks, and industry experts [2]. - The event serves as a platform for transformative business growth in the digital era [2]. Group 3: Leadership Insights - CEO Rahul Mewawalla expressed enthusiasm for participating in Metro Connect USA, emphasizing the importance of innovation and collaboration with institutional investors, analysts, and partners [3]. - Mewawalla noted that the growth of compute applications in AI, HPC, and digital assets is expected to drive overall technology industry growth [3].

Core Insights - Mawson Infrastructure Group Inc. reported a transformational year with robust revenue growth and strategic achievements, including a 136% year-over-year increase in digital colocation revenue and a total revenue growth of 36% year-over-year [3][5]. Financial Performance - The digital colocation business experienced a 136% year-over-year revenue growth [5]. - Total revenue increased by 36% year-over-year, driven by an optimized revenue mix across digital colocation, energy management, and digital assets mining [5]. - The company achieved positive cash flows from operations [5]. Operational Expansion - Mawson expanded its digital colocation business, becoming one of the largest among publicly-traded peers, with a current operating capacity of 129 MW and plans to expand to 153 MW upon completion of the Ohio facility [5]. - The operating hash rate increased by 31% year-over-year to 4.98 EH/s [5]. Strategic Developments - Mawson signed an AI/HPC colocation business agreement for an initial deployment of 20 MW using NVIDIA GPUs, with a letter of intent for potential expansion to 144 MW [5]. - The company enhanced its leadership team with expertise from major technology firms such as Apple, T-Mobile, and Nokia [5]. Industry Recognition - Mawson was invited to ring the NASDAQ Closing Bell, highlighting its accomplishments and innovative approach to digital infrastructure [5]. - The company received coverage from prominent financial media and industry publications, including Financial Times, Reuters, and Forbes [5].

Company Announcement - Mawson Infrastructure Group Inc (NASDAQ: MIGI) appointed William C Regan as Chief Financial Officer effective January 17, 2025 [1] - William Regan joined the company in 2024 as Deputy CFO and brings 40 years of finance and accounting experience, including 25 years at public companies and 10 years at technology companies [2] - Previous CFO William "Sandy" Harrison stepped down to spend more time with family but will continue as Senior Advisor [2] Business Performance - The company achieved robust year-on-year and monthly revenue growth in its digital colocation business [2] - Mawson acquired and signed several enterprise-grade customers, becoming one of the largest digital colocation businesses among publicly-traded peers [2] - The company expanded into new market offerings including AI and high-performance computing [2] Strategic Development - Mawson hired leadership talent from major tech companies including Amazon Web Services and Apple [2] - The company enhanced its strategic, technological and operational capabilities [2] - Mawson received media coverage in Financial Times, Reuters, Newsweek, Forbes, and Fast Company for its innovative approach to digital infrastructure [2] Company Overview - Mawson Infrastructure Group provides digital infrastructure platforms for AI, high-performance computing, and digital assets markets [3] - The company's platforms support computing resources for various applications across digital assets, AI, HPC, and other computing fields [3] - Mawson prioritizes using carbon-free energy sources, including nuclear energy, to power its digital infrastructure platforms [3] Leadership Background - William Regan previously held CFO and senior finance positions at Everything Blockchain, Rentech, National Golf Properties, Digital Insight Corporation, and DTS Digital Cinema [2] - Regan holds a Bachelor's degree in Business Administration - Accounting from California State Polytechnic University, Pomona and is a Certified Public Accountant (inactive) [2]

Core Insights - Mawson Infrastructure Group Inc. reported a significant growth in its digital colocation monthly revenue, which increased by 69% year-over-year to approximately $4.49 million in December 2024, up from $2.66 million in December 2023 [5] - The company’s total current operating hash rate is about 4.98 EH/s, with expectations to grow to approximately 5.10 EH/s due to new developments announced in early January 2025 [5][3] - Mawson has signed a new 20 MW digital asset colocation agreement with a NASDAQ-listed enterprise-grade customer, further solidifying its position in the digital infrastructure market [5][2] Financial Performance - Digital colocation monthly revenue rose 69% year-over-year and 8% month-over-month, from $4.18 million in November 2024 [5] - Total monthly revenue increased by 7% month-over-month to about $5.26 million from $4.9 million in November 2024 [5] - Monthly energy management business revenue grew by 25% month-over-month, reaching $0.41 million in December 2024 [5] Operational Developments - Mawson's total operating capacity is currently 129 MW, expected to increase to 153 MW upon the completion of its Ohio facility later in 2025 [5][3] - The company plans to operate and manage approximately 41,500 miners following the completion of its new deployment [5] - Mawson is actively seeking collaborations with companies in the AI and HPC ecosystem to enhance its digital infrastructure offerings [5] Strategic Initiatives - The company has made significant advancements in its technological and operational capabilities throughout 2024 and early 2025, positioning itself as a leader in the digital colocation space [2] - Mawson has expanded its market offerings to include artificial intelligence and high-performance computing, in addition to digital assets [2] - The company has onboarded leaders with expertise from major technology firms, enhancing its operational expertise [2]