Mawson Infrastructure (US:MIGI) GlobeNewswire News Room·2024-10-17 12:45Core 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]