Mawson Infrastructure Group Inc. Announces Monthly Operational Update for July 2024

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]