Mawson Infrastructure Group Inc. Announces Monthly Operational Update for October 2024
Mawson Infrastructure Mawson Infrastructure (US:MIGI) GlobeNewswire News Room·2024-11-20 12:30

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]