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Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2024
MIGIMawson Infrastructure (MIGI) GlobeNewswire·2025-01-14 12:30

Core Insights - Mawson Infrastructure Group Inc. reported a significant growth in its digital colocation monthly revenue, which increased by 69% year-over-year to approximately 4.49millioninDecember2024,upfrom4.49 million in December 2024, up from 2.66 million in December 2023 [5] - The company’s total current operating hash rate is about 4.98 EH/s, with expectations to grow to approximately 5.10 EH/s due to new developments announced in early January 2025 [5][3] - Mawson has signed a new 20 MW digital asset colocation agreement with a NASDAQ-listed enterprise-grade customer, further solidifying its position in the digital infrastructure market [5][2] Financial Performance - Digital colocation monthly revenue rose 69% year-over-year and 8% month-over-month, from 4.18millioninNovember2024[5]Totalmonthlyrevenueincreasedby74.18 million in November 2024 [5] - Total monthly revenue increased by 7% month-over-month to about 5.26 million from 4.9millioninNovember2024[5]Monthlyenergymanagementbusinessrevenuegrewby254.9 million in November 2024 [5] - Monthly energy management business revenue grew by 25% month-over-month, reaching 0.41 million in December 2024 [5] Operational Developments - Mawson's total operating capacity is currently 129 MW, expected to increase to 153 MW upon the completion of its Ohio facility later in 2025 [5][3] - The company plans to operate and manage approximately 41,500 miners following the completion of its new deployment [5] - Mawson is actively seeking collaborations with companies in the AI and HPC ecosystem to enhance its digital infrastructure offerings [5] Strategic Initiatives - The company has made significant advancements in its technological and operational capabilities throughout 2024 and early 2025, positioning itself as a leader in the digital colocation space [2] - Mawson has expanded its market offerings to include artificial intelligence and high-performance computing, in addition to digital assets [2] - The company has onboarded leaders with expertise from major technology firms, enhancing its operational expertise [2]