From GlobeNewswire: 2024-09-16 06:01:00

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) reported digital colocation revenue up 166% year-over-year and 25% month-over-month from August 2023. Total monthly revenue increased by 27% month-over-month from July 2024. The company expanded into artificial intelligence (AI) and high-performance computing (HPC) colocation markets, signing a 20 MW AI customer agreement, expecting to generate $285 million in cumulative revenue.

Mawson also executed a non-binding LOI for AI and HPC expansion to 144 MW, and expanded into Ohio with 24 MW planned capacity. Upon completion, total capacity is expected to increase to 153 MW. The company embraces carbon-free energy and sustainable practices, including nuclear energy, in its infrastructure approach.

Beyond revenue growth and expansion, Mawson is delving into AI and HPC markets with Nvidia GPUs, aiming to leverage the surge in demand for digital infrastructure platforms over the next 5 years. The company is actively seeking partnerships to collaborate on GPU deployment and accelerated computing solutions for their AI and HPC colocation agreements.

Mawson Infrastructure Group is a publicly-traded technology company focused on providing digital infrastructure platforms for AI, HPC, and digital asset markets. With a strategic approach oriented towards the future of AI and HPC, the company operates and optimizes digital infrastructure to accelerate the digital economy, utilizing a carbon-free energy approach. For more information, visit their website at https://www.mawsoninc.com.



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