Mawson Infrastructure Group Inc
NASDAQ:MIGI
Mawson Infrastructure Group Inc
Mawson Infrastructure Group, Inc. engages in the provision of digital asset infrastructure services. The company is headquartered in North Sydney, New South Wales and currently employs 40 full-time employees. The company went IPO on 2012-02-10. The firm matches energy infrastructure with mobile data center solutions, enabling the proliferation of blockchain technology. The company operates across the United States of America (USA) and Australia.
Mawson Infrastructure Group, Inc. engages in the provision of digital asset infrastructure services. The company is headquartered in North Sydney, New South Wales and currently employs 40 full-time employees. The company went IPO on 2012-02-10. The firm matches energy infrastructure with mobile data center solutions, enabling the proliferation of blockchain technology. The company operates across the United States of America (USA) and Australia.
Revenue Mix: Mawson reported Q1 2023 revenues of $7.7 million, with mining, hosting, and energy programs all contributing.
Profitability: The company posted a net loss of $11.4 million for the quarter, similar to last year, and adjusted EBITDA loss was $400,000.
Operational Expansion: 13,500 miners are currently deployed, with full deployment of 20,000 units targeted by the end of Q2.
Strategic Asset Sales: Mawson sold its Texas assets for $13.5 million in total (closed post-Q1), strengthening its balance sheet.
Growth Plans: Management is refocusing on self-mining over hosting and aims for 7.2 Exahash capacity by year-end, targeting 10 Exahash in 2024.
Clean Energy: All facilities operate on 100% nuclear, carbon-free power, positioning Mawson for regulatory and cost advantages.
