Core Viewpoint - Mawson Infrastructure Group, Inc. has clarified that it has not filed for voluntary Chapter 11 bankruptcy, contrary to earlier media reports, but is facing an involuntary Chapter 11 petition filed by entities in Australia [1][2]. Group 1: Legal Proceedings - The involuntary Chapter 11 petition was filed by W Capital Advisors Pty Ltd and Marshall Investments MIG Pty Ltd against Mawson, although the company has not yet been formally served [2]. - Mawson's Board of Directors plans to vigorously defend against the involuntary petition if served, and the company intends to continue its operations as usual [2]. - Mawson has expressed concerns regarding the relationship between W Capital Advisors and James Manning, a former board director, and has not received satisfactory responses to these concerns [3]. Group 2: Investigations and Complaints - James Manning is under investigation by Mawson's Audit Committee for his dealings with W Capital Advisors, including ongoing litigation with Vertua Property Inc. related to self-dealing and breach of contract [4]. - Mawson has filed a complaint against Vertua for breach of lease and tortious interference, seeking reinstatement of the lease and damages [6]. - The company believes that the legal actions taken by W Capital Advisors and Marshall Investments are attempts to gain leverage in ongoing disputes [7]. Group 3: Business Operations - Mawson operates digital infrastructure platforms focused on AI, high-performance computing, and digital assets, and has a strategy to utilize carbon-free energy sources [9]. - The company has indicated a potential exit from its entities and holdings in Australia, as it currently has no operating sites or assets in that region [8].

Core Insights - Mawson Infrastructure Group Inc. reported a total monthly revenue increase of 49% year-over-year and 18% month-over-month, reaching approximately $4.89 million in October 2024 [1][3][2] Revenue Breakdown - Digital Colocation Monthly Revenue was $3.96 million, significantly up from $0.08 million in October 2023, marking a multi-fold increase year-over-year and an 18% increase month-over-month [3] - Energy Management Monthly Revenue reached $0.70 million, reflecting a 13% increase month-over-month from September 2024 [3] - Self-mining Digital Assets Mining Monthly Revenue was $0.22 million, showing a 25% increase month-over-month from September 2024 [3] Strategic Focus - The company emphasizes its innovative approach to providing digital infrastructure platforms and solutions, aiming to support AI infrastructure and high-performance computing [2][5] - Mawson invites partnerships in AI and HPC to explore collaborative opportunities in accelerated computing solutions [3] Upcoming Events - Mawson's CEO, Rahul Mewawalla, is scheduled to participate in several upcoming conferences, including the Roth 13th Annual Technology Conference and the Axios AI Summit [4]

Core Viewpoint - Mawson Infrastructure Group Inc. is actively participating in the Roth 13th Annual Technology Conference to discuss its business strategy and recent developments in the digital infrastructure sector focused on AI, HPC, and digital assets [1][2]. Company Overview - Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company that specializes in next-generation infrastructure platforms for artificial intelligence, high-performance computing, and digital assets [3]. - The company emphasizes its innovation, technology, and operational expertise to optimize digital infrastructure, aiming to accelerate the digital economy with a focus on a carbon-free energy approach [3]. Conference Participation - CEO Rahul Mewawalla and the leadership team will engage in one-on-one and small group meetings with investors during the conference, which features over 100 growth companies in the technology sector [2]. - The discussions will center around Mawson's business strategy and recent developments, highlighting the company's commitment to investor relations [2].

Core Insights - Mawson Infrastructure Group Inc. reported a significant increase in revenue across its digital colocation and energy management businesses, with a 222% year-over-year growth in digital colocation and a 33% year-over-year growth in energy management [1][2][3] - The company's total revenue increased by 50% year-to-date for the first nine months of 2024, with a total revenue of $12.32 million in Q3 2024, reflecting a 9% year-over-year increase [1][3] Financial Performance - Q3 2024 digital colocation business revenue reached $9.52 million, marking a 222% increase year-over-year [3] - Energy management business revenue for Q3 2024 was $1.96 million, a 33% increase year-over-year [3] - Digital assets mining revenue for Q3 2024 was $0.83 million [3] - Total revenue for the first nine months of 2024 increased by 50% year-to-date [3] Strategic Developments - The company is expanding its offerings into artificial intelligence (AI) and high-performance computing (HPC) markets [2][3] - Mawson signed a 20 MW agreement to colocate NVIDIA GPUs, which could generate approximately $92 million in the first two years and a cumulative revenue potential of $285 million over the six-year contract term [3] - The company has extended its lease for Perry County, Ohio, for a total of 24 MW and completed Phase 1 construction, advancing toward a total planned capacity of 153 MW [3] Operational Highlights - Mawson's current operating capacity is 129 MW, with plans to increase to 153 MW upon completion of ongoing projects [2][3] - The company emphasizes a carbon-free and sustainable energy approach, including the use of nuclear power, to meet the compute capacity needs of enterprise customers [2]

Core Insights - Mawson Infrastructure Group Inc. reported a 65% year-on-year increase in total monthly revenue, reaching approximately $4.15 million in September 2024 [3] - The company has successfully developed a digital colocation business that generated $3.36 million in monthly revenue, a significant growth from zero in September 2023 [3] - Energy management revenue saw a remarkable increase of 271% year-on-year, amounting to $0.62 million [3] - Mawson completed Phase 1 of construction at its Ohio facility, which is expected to boost total capacity to 153 MW upon full completion [3] Financial Performance - Total monthly revenue increased by 65% year-on-year to about $4.15 million [3] - Digital colocation monthly business revenue reached $3.36 million, up from zero in September 2023, indicating a diversified enterprise-grade customer base [3] - Energy management monthly business revenue rose by 271% year-on-year to $0.62 million, alongside self-mining Bitcoin revenue of $0.18 million [3] Operational Developments - Mawson signed a lease extension for its Midland, PA facility, extending the lease to September 2027 with an overall tenure through September 2036 [3] - The company completed Phase 1 of construction at its Perry County, OH facility, which is anticipated to increase total capacity to 153 MW upon completion [3] - Mawson is actively seeking partnerships in AI and HPC markets to enhance its infrastructure and computing solutions [3][2] Strategic Focus - The company emphasizes a carbon-free and sustainable energy approach, including nuclear energy, which is deemed critical for sustainable growth in AI and HPC markets [2] - Mawson is focused on innovative and solutions-driven strategies to expand its presence in the AI and HPC sectors [2]

Digital Colocation Revenue up 166% Y/Y from August 2023 and 25% M/M from July 2024 Total Monthly Revenue up 27% M/M from July 2024 Expanded into Artificial Intelligence (AI) and High-Performance Computing (HPC) Colocation Business Executed AI Customer Colocation Agreement for 20 MW for 6-years to colocate NVIDIA GPUs, Expected to Generate Cumulative Revenue Potential of $285 Million1 Signed AI Customer Colocation LOI for AI and HPC Expansion to 144 MW Expanded to Ohio with 24 MW Planned Capacity, Expected t ...

To Bolster Long-Term AI/HPC Growth Capacities, Mawson Expands to Ohio Expected to Increase Company's Total Capacity to 153 Megawatts upon Completion Mawson Invites Additional AI and HPC Partners for Further AI Collaboration and Innovation MIDLAND, Pa., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson" or "the Company"), a publicly-traded technology company providing digital infrastructure to the AI, HPC and digital assets markets, and headquartered in the United Sta ...

Core Insights - Mawson Infrastructure Group Inc. reported a 54% year-over-year growth in digital assets colocation revenue for July 2024, reaching approximately $2.75 million [2][3] - The company has expanded into AI and HPC markets, signing a colocation agreement expected to generate cumulative revenue potential of $285 million over a six-year term [1][3] Financial and Operational Highlights - Mawson's total monthly revenue for July 2024 was about $3.94 million, with digital asset colocation revenue contributing $2.75 million, energy management revenue at $0.75 million, and Bitcoin self-mining revenue at $0.44 million [3] - The company has ramped up its operational capacity to 129 MW, following a 20 MW expansion at its Midland facility, which now supports approximately 41,530 miners [2][3] - The new AI/HPC colocation agreement includes an initial 20 MW capacity, with potential to increase to 144 MW, significantly enhancing Mawson's service offerings in the AI and HPC sectors [3] Strategic Expansion - The expansion into AI and HPC colocation services is part of Mawson's long-term growth strategy, positioning the company as a key player in the digital infrastructure landscape [2][3] - The company aims to leverage its established digital assets operations to create a robust digital infrastructure platform that supports sustainable growth and increases shareholder value [3]

Financial Results Announcement - Mawson Infrastructure Group Inc. announced unaudited results for Q2 2024 ending June 30, 2024[2] - The company issued a press release on August 19, 2024, detailing the Q2 2024 financial results[2] Risk Factors and Forward-Looking Statements - Forward-looking statements in the report are subject to risks and uncertainties, including capital raising, digital asset network development, and cryptocurrency volatility[2] - The company highlighted potential risks such as slower-than-expected growth in AI, HPC, and accelerated computing technologies[2] Strategic Focus and Infrastructure Development - Mawson Infrastructure Group Inc. emphasized the importance of timely digital infrastructure build-out to meet revenue expectations[2] Regulatory Filings and Reports - The company referenced its Annual Report on Form 10-K filed on April 1, 2024, and Quarterly Reports on Form 10-Q filed on August 21, 2023, November 13, 2023, May 15, 2024, and August 19, 2024[2] Leadership and Signatory - The report was signed by Rahul Mewawalla, CEO and President, on August 19, 2024[3]

Q2 Digital Colocation Business Revenue increased 77% Y/Y Q2 Energy Management Business Revenue increased 70% Y/Y Company Optimized and Reduced Q2 SG&A Expenses by 42% Y/Y Q2 2024 Total Revenue Increased 24% Y/Y and Increased 75% YTD (6 months) of 2024 MIDLAND, Pa., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson", "the Company"), a publicly traded digital infrastructure provider headquartered in the United States, today announced its unaudited financial and operati ...