Financial Performance - Mawson Infrastructure Group Inc. reported a significant increase in revenue, reaching 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 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 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].
Mawson Infrastructure (MIGI) - 2024 Q4 - Annual Report