Mawson Infrastructure (US:MIGI) Globenewswireยท2025-10-17 10:00Core Insights - Mawson Infrastructure Group Inc. announced preliminary, unaudited financial results for Q3 and the first nine months of 2025, highlighting a decrease in revenue but significant improvements in gross profit and net loss reduction [1][2]. Financial Performance Summary Third Quarter Results - Estimated revenues for Q3 2025 are approximately $11.2 million, a 9% decrease from $12.3 million in Q3 2024 [4]. - Estimated cost of revenues for Q3 2025 is approximately $4.6 million, down 42% from $8.0 million in Q3 2024 [4]. - Estimated gross profit for Q3 2025 is expected to be around $6.6 million, reflecting a 53% increase from $4.3 million in Q3 2024 [5]. - Estimated gross profit margin for Q3 2025 is projected at 59%, compared to 35% in Q3 2024 [5]. - Estimated net loss for Q3 2025 is expected to be approximately $1.5 million, a significant decrease of 88% from $12.2 million in Q3 2024 [6]. Nine Months Results - Estimated revenues for the first nine months of 2025 are approximately $34.5 million, a 22% decrease from $44.2 million in the same period of 2024 [7]. - Estimated cost of revenues for the first nine months of 2025 is approximately $18.1 million, down 37% from $28.6 million in the first nine months of 2024 [7]. - Estimated gross profit for the first nine months of 2025 is expected to be around $16.4 million, a 5% increase from $15.6 million in the same period of 2024 [8]. - Estimated gross profit margin for the first nine months of 2025 is projected at 48%, compared to 35% in the same period of 2024 [8]. - Estimated net loss for the first nine months of 2025 is expected to be approximately $9.8 million, a 76% decrease from $41.8 million in the first nine months of 2024 [9]. Strategic Developments - Mawson's strategy includes utilizing carbon-free energy resources, such as nuclear power, to support its digital infrastructure operations, positioning itself as a competitive provider of sustainable solutions [12]. - The company has 129 megawatts of capacity already online, with more under development, indicating a focus on scalability and efficiency in its operations [12]. Board of Directors Update - At the 2025 Annual Meeting, new directors were elected, including Ryan Costello as Independent Board Chair, Steven G. Soles as Independent Director, and Kathryn Yingling Schellenger as Independent Director, each bringing diverse expertise to the board [10].