Mawson Infrastructure Group Inc. Reports Fiscal Year 2024 Financial Results

Core Insights - Mawson Infrastructure Group Inc. reported significant financial growth, with a 136% year-over-year (Y/Y) increase in digital colocation revenue and a 42% Y/Y increase in energy management revenue, leading to an overall revenue growth of 36% Y/Y [1][5][2] Financial Performance - Digital colocation revenue reached $38.5 million, reflecting a 136$7.6 million, marking a 42% Y/Y growth [5] - Overall revenue for the year was $59.3 million, a 36$20.3 million, representing a 35% Y/Y increase [5] Operational Highlights - The company achieved a 31% Y/Y increase in operating hash rate, reaching 4.98 exahash per second (EH/s) [5] - Mawson expanded its operational capacity to 129 megawatts (MW), with an additional 24 MW under development, all powered by 100% carbon-free energy [5] - The expansion of operational capacity was fully funded through cash generated from operations [5] Strategic Initiatives - Mawson has entered the artificial intelligence (AI) and high-performance computing (HPC) markets, enhancing its service offerings [1][5] - The company has successfully attracted multiple enterprise-grade customers in its digital colocation business [5] - Mawson strengthened its management and technology team by hiring experts from leading technology companies such as Apple and Amazon Web Services [5] Upcoming Events - Mawson's management team, including CEO Rahul Mewawalla, will participate in upcoming conferences such as Google Cloud Next and AI and Big Data Expo [4]