From GlobeNewswire: 2025-03-28 16:45:00

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) reported impressive financial results for 2024, with a 136% Y/Y revenue growth in digital colocation business, 42% Y/Y growth in energy management business, and 35% Y/Y increase in overall gross profit. The company also expanded into AI and HPC markets, showcasing significant strategic and operational progress.

Key financial highlights include digital colocation revenue rising to $38.5 million, energy management revenue increasing to $7.6 million, and overall revenue reaching $59.3 million. Overall gross profit rose to $20.3 million, and the company generated positive cash flows. Operating hash rate increased by 31% Y/Y to 4.98 exahash per second, with expanded operational capacity and facilities powered by 100% carbon-free energy.

Mawson’s CEO, Rahul Mewawalla, expressed pride in the company’s transformation and growth, citing multiple enterprise-grade customer acquisitions and successful expansion into AI and HPC markets. The company’s commitment to delivering innovative digital infrastructure platforms for various computing applications, including AI, HPC, and digital assets, positions Mawson as a leader in the digital economy.



Read more at GlobeNewswire:: Mawson Infrastructure Group Inc. Reports Fiscal Year 2024