Mawson Infrastructure Group, Inc. Releases Preliminary Estimated Results for Third Quarter and Nine Months Ended September 30, 2025
Mawson Infrastructure Group (NASDAQ: MIGI) announced preliminary, unaudited results for Q3 and nine months ended September 30, 2025. Management expects Q3 revenue of $11.2M (down 9% YoY) and Q3 gross profit of $6.6M (up 53% YoY) with a 59% gross margin. Preliminary Q3 net loss is ~$1.5M versus $12.2M a year earlier. For the nine months, revenue is expected at $34.5M (down 22% YoY), gross profit ~$16.4M (up 5% YoY) with a 48% gross margin, and preliminary net loss ~$9.8M versus $41.8M a year earlier.
The company attributes improved net loss to a new 2025 profit-share agreement, lower depreciation and stock-based compensation, and the absence of a $12.4M 2024 deconsolidation loss. The release also reports director election results at the 2025 annual meeting.
Mawson Infrastructure Group (NASDAQ: MIGI) ha annunciato risultati preliminari non auditati per il terzo trimestre e i primi nove mesi terminati il 30 settembre 2025. La direzione si aspetta ricavi del Q3 di 11,2 milioni di dollari (in calo del 9% rispetto all'anno precedente) e un utile lordo del Q3 di 6,6 milioni di dollari (in aumento del 53% YoY) con un margine lordo del 59%. Il primo trimestre preliminare mostra una perdita netta del Q3 di circa 1,5 milioni di dollari rispetto ai 12,2 milioni di un anno prima. Per i nove mesi, i ricavi sono previsti a 34,5 milioni di dollari (in calo del 22% YoY), l'utile lordo circa 16,4 milioni di dollari (in aumento del 5% YoY) con un margine lordo del 48%, e una perdita netta preliminare di circa 9,8 milioni di dollari rispetto ai 41,8 milioni di un anno prima.
L'azienda attribuisce l'attenuazione della perdita netta a un nuovo accordo di compartecipazione agli utili del 2025, a una minore deprezzazione e compensi azionari basati su azioni, nonché all'assenza di una perdita di deconsolidazione di 12,4 milioni di dollari nel 2024. Il comunicato riporta anche i risultati delle elezioni dei direttori nell'assemblea annuale del 2025.
Mawson Infrastructure Group (NASDAQ: MIGI) anunció resultados preliminares no auditados para el tercer trimestre y para los primeros nueve meses finalizados el 30 de septiembre de 2025. La dirección espera ingresos del Q3 de 11,2 millones de dólares (caída del 9% interanual) y una utilidad bruta del Q3 de 6,6 millones de dólares (incremento del 53% interanual) con un margen bruto del 59%. La pérdida neta preliminar del Q3 es de aproximadamente 1,5 millones de dólares frente a 12,2 millones de un año antes. Para los nueve meses, se esperan ingresos de 34,5 millones de dólares (caída del 22% interanual), utilidad bruta de alrededor de 16,4 millones de dólares (incremento del 5% interanual) con un margen bruto del 48%, y una pérdida neta preliminar de aproximadamente 9,8 millones de dólares frente a 41,8 millones de un año antes.
La compañía atribuye la mejora de la pérdida neta a un nuevo acuerdo de participación en beneficios de 2025, a una menor depreciación y compensación basada en acciones, y a la ausencia de una pérdida de desconsolidación de 12,4 millones de dólares en 2024. El comunicado también informa sobre los resultados de las elecciones de directores en la reunión anual de 2025.
Mawson Infrastructure Group (NASDAQ: MIGI)은 2025년 9월 30일 종료된 3분기 및 9개월 동안의 예비 무감사 실적을 발표했다. 경영진은 3분기 매출 1120만 달러 (전년 대비 -9%) 및 3분기 총이익 660만 달러 (전년 대비 +53%)로 총 이익률 59%를 예상한다. 예비 3분기 순손실은 약 150만 달러이고, 작년 같은 기간의 1220만 달러에서 감소했다. 9개월의 경우 매출은 3450만 달러로 예상되며 (전년 대비 -22%), 총이익은 약 1640만 달러 (전년 대비 +5%)로 총 이익률 48%, 그리고 예비 순손실은 약 980만 달러로 전년의 4180만 달러에 비해 감소했다.
회사는 순손실 개선의 원인을 2025년 이익 공유 계약, 더 낮은 감가상각 및 스톡-베이스 보상, 그리고 2024년의 1240만 달러 비분리손실 부재로 보고한다. 발표에는 또한 2025년 연례총회에서의 이사 선출 결과도 보고된다.
Mawson Infrastructure Group (NASDAQ: MIGI) a annoncé des résultats préliminaires non audités pour le T3 et les neuf mois clos le 30 septembre 2025. La direction prévoit un chiffre d'affaires du T3 de 11,2 millions de dollars (en baisse de 9% en glissement annuel) et un bénéfice brut du T3 de 6,6 millions de dollars (en hausse de 53% YoY) avec une marge brute de 59%. La perte nette préliminaire du T3 est d'environ 1,5 million de dollars contre 12,2 millions il y a un an. Pour les neuf mois, le chiffre d'affaires est prévu à 34,5 millions de dollars (en baisse de 22% YoY), le bénéfice brut d'environ 16,4 millions de dollars (en hausse de 5% YoY) avec une marge brute de 48%, et une perte nette préliminaire d'environ 9,8 millions de dollars contre 41,8 millions de dollars l'année précédente.
L'entreprise attribue l'amélioration de la perte nette à un nouvel accord de partage des profits 2025, à une dépréciation et rémunération en actions réduites, et à l'absence d'une perte de déconsolidation de 12,4 millions de dollars en 2024. Le communiqué rapporte également les résultats des élections des administrateurs à l'assemblée annuelle 2025.
Mawson Infrastructure Group (NASDAQ: MIGI) hat vorläufige, ungeprüfte Ergebnisse für das dritte Quartal und die ersten neun Monate zum Stichtag 30. September 2025 bekannt gegeben. Das Management erwartet einen Umsatz im Q3 von 11,2 Mio. USD (gegenüber dem Vorjahr -9%) und einen Bruttogewinn im Q3 von 6,6 Mio. USD (gegenüber dem Vorjahr +53%) mit einer Bruttomarge von 59%. Der vorläufige Nettogewinn/Verlust im Q3 liegt bei ca. −1,5 Mio. USD gegenüber −12,2 Mio. USD im Vorjahr. Für die neun Monate wird der Umsatz voraussichtlich 34,5 Mio. USD erreichen (−22% YoY), der Bruttogewinn ca. 16,4 Mio. USD ( +5% YoY) mit einer Bruttomarge von 48%, und der vorläufige Nettogewinn/Verlust ca. −9,8 Mio. USD gegenüber −41,8 Mio. USD im Vorjahr.
Das Unternehmen führt die verbesserte Nettoverschlechterung auf eine neue Gewinnteilungsvereinbarung für 2025, geringere Abschreibungen und aktienbasierte Vergütungen sowie das Fehlen eines Verlusts aus der Dekonsolidierung von 12,4 Mio. USD im Jahr 2024 zurück. Die Mitteilung berichtet auch über die Wahlergebnisse der Direktoren bei der Jahresversammlung 2025.
موسون إنفراستراكتشر جروب (ناسداك: MIGI) أعلنت عن نتائج تمهيدية غير مدققة للربع الثالث وللثلاثة أرباع المنتهية في 30 سبتمبر 2025. تقر الإدارة إيرادات الربع الثالث بقيمة 11.2 مليون دولار (بانخفاض 9% على أساس سنوي) وهامش الربح الإجمالي للربع الثالث بقيمة 6.6 مليون دولار (ارتفاع 53% على أساس سنوي) مع هامش ربح إجمالي 59%. صافي الخسارة المبدئي للربع الثالث نحو 1.5 مليون دولار مقابل 12.2 مليون دولار في العام السابق. بالنسبة للثلاثة أرباع، من المتوقع أن تبلغ الإيرادات 34.5 مليون دولار (انخفاض 22% على أساس سنوي)، والربح الإجمالي نحو 16.4 مليون دولار (ارتفاع 5% على أساس سنوي) مع هامش ربح إجمالي 48%، وصافي خسارة مبدئي نحو 9.8 مليون دولار مقابل 41.8 مليون دولار في العام السابق.
تُرجع الشركة تحسن الخسارة الصافية إلى اتفاق مشاركة الأرباح لعام 2025، وانخفاض الإهلاك والتعويضات القائمة على الأسهم، وغياب خسارة إزالة الدمج بمقدار 12.4 مليون دولار في 2024. كما يَرْد في البيان نتائج انتخاب أعضاء المجلس في اجتماع الجمعية العمومية لعام 2025.
Mawson Infrastructure Group (NASDAQ: MIGI) 公布了截至2025年9月30日的第三季度和前九个月的初步未审计业绩。管理层预计 第三季度收入为1120万美元（同比下降9%），第三季度毛利为660万美元（同比增长53%），毛利率达到 59%。初步第三季度净亏损约为 150万美元，而去年同期为 1220万美元。对于前九个月，预计收入为 3450万美元（同比下降22%），毛利约为 1640万美元（同比增长5%），毛利率为 48%，初步净亏损约为 980万美元，去年同期为 4180万美元。
公司将净亏损的改善归因于2025年的新利润分享协议、较低的折旧和基于股票的报酬，以及2024年1240万美元非合并损失的缺失。公告还报告了2025年年度股东大会上董事当选结果。
- Q3 gross profit +53% year-over-year to $6.6M
- Q3 gross margin improved to 59% from 35%
- Nine-month gross profit +5% year-over-year to $16.4M
- Nine-month net loss narrowed 76% to $9.8M
- Q3 revenue declined 9% year-over-year to $11.2M
- Nine-month revenue declined 22% year-over-year to $34.5M
- Company remains net loss for Q3 (~$1.5M) and nine months (~$9.8M)
Insights
Preliminary results show materially improved margins and sharply lower net loss, while revenue declined year‑over‑year.
The company reports
Management cites a new profit‑share agreement in 2025 and reduced depreciation, amortization and stock‑based compensation as drivers of the lower preliminary net loss of
Board of Directors Results Announced
MIDLAND, Pa., Oct. 17, 2025 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or the “Company”), a U.S.-based technology company that designs, builds, and operates next-generation digital infrastructure platforms providing services to the artificial intelligence (AI), high-performance computing (HPC), and digital assets (including Bitcoin mining), and other intensive compute applications market sectors, announced today preliminary, unaudited financial results for the Third Quarter and Nine Months ended September 30, 2025.
Preliminary Estimated Results for the Third Quarter and Nine Months Ended September 30, 2025
Our expectations with respect to our revenue, cost of revenues, gross profit, gross profit margin and net loss for the third quarter and the nine months ended September 30, 2025 discussed below are based upon management estimates for the period. Our expectations are subject to the completion of our financial closing procedures and any adjustments that may result from the completion of the review of our consolidated financial statements for the three and nine months ended September 30, 2025. Following the completion of our financial closing process and the review of our consolidated financial statements, we may report revenue, cost of revenues, gross profit, gross profit margin and net loss for the three and nine months ended September 30, 2025 that could differ from our expectations, and the differences could be material.
The expectations set forth below have been prepared by, and are the responsibility of, our management. Wolf & Company, P.C., our independent registered public accounting firm, has not audited, reviewed, compiled or performed any procedures with respect to the preliminary estimates. Accordingly, Wolf & Company, P.C. does not express an opinion or any other form of assurance with respect thereto.
Preliminary Results for Third Quarter Ended September 30, 2025
Preliminary estimated revenues are expected to be approximately
Preliminary estimated cost of revenues is expected to be approximately
Preliminary estimated gross profit is expected to be approximately
Preliminary estimated gross profit margin is expected to be
Preliminary net loss is expected to be approximately
Preliminary Results for Nine Months Ended September 30, 2025
Preliminary estimated revenues are expected to be approximately
Preliminary estimated cost of revenues is expected to be approximately
Preliminary estimated gross profit is expected to be approximately
Preliminary estimated gross profit margin is expected to be
Preliminary net loss is expected to be approximately
Overall, our reduction in net loss for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024 is attributable to the following:
- An increase in gross profit primarily due to a new profit share agreement executed in 2025.
- A reduction in operating expenses primarily due to a reduction in depreciation and amortization expense and stock based compensation partially offset by an increase in selling, general and administrative costs.
- A reduction in non-operating expenses primarily due to 2024 including a loss on deconsolidation of
$12.4 million .
Results of the Annual Shareholder Meeting
At the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”), the following nominees for director were elected to serve until the Company’s 2026 Annual Meeting:
- Ryan Costello - Independent Board Chair, Chair of Nominating & Governance Committee
Former U.S. Congressman (PA) and long-time public policy / strategic communications advisor; founded Ryan Costello Strategies, LLC and brings public policy, regulatory and governance experience. Mr. Costello earned a J.D. from Villanova and undergraduate degree from Ursinus College and has an executive education certificate from Wharton (Economics of Blockchain & Digital Assets).
- Steven G. Soles - Independent Director, Chair of the Audit Committee and Chair of Strategic Transactions Committee
COO & General Counsel of Elmagin Capital LLC (quant investment firm focused on U.S. wholesale electricity markets) since 2014; prior VP & General Counsel at TFS Capital. Holds a B.A. (West Chester University) and J.D. (Villanova). Mr. Soles brings legal, M&A, compliance and transactional experience to the board.
- Kathryn (Katie) Yingling Schellenger - Independent Director, Chair of Compensation Committee
Kathryn (Katie) Yingling Schellenger joins the board as an independent director after being elected at the 2025 Annual Meeting. Since 2022, Ms. Schellenger has served as Head of Global Compliance / Senior Counsel at a global luxury retail brand. Previously, Ms. Schellenger served as Director, Ethics & Compliance at Qurate Retail Group. She is a Cum Laude graduate of both Bucknell University and Villanova University School of Law. Ms. Schellenger brings with her deep experience in building global ethics and compliance programs for retail companies, leading whistleblower and internal investigations programs, and reporting to boards on compliance matters.
About Mawson Infrastructure
Mawson is a U.S.-based technology company that designs, builds, and operates next-generation digital infrastructure platforms. The company provides services spanning AI, HPC, digital assets (including Bitcoin mining), and other intensive compute applications. Mawson delivers both self-mining operations and colocation/hosting for enterprise customers, with a vertically integrated infrastructure model built for scalability and efficiency.
A core part of Mawson’s strategy is powering its operations with carbon-free energy resources—including nuclear power—ensuring that its compute platforms support the rapid growth of the digital economy in an environmentally sustainable way. With 129 megawatts of capacity already online and more under development, Mawson is positioning itself as a competitive provider of carbon-aware digital infrastructure solutions.
Articles and recent news related to the Company are available at www.mawsoninc.com/articles.
Company Presentation (Sept. 2025) is available at www.mawsoninc.com/company-presentations.
For more information, visit: https://mawsoninc.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding listing matters, potential financing activities, operational plans, legal proceedings, strategy, and other future events. Words such as “expect,” “intend,” “plan,” “anticipate,” “believe,” “seek,” “may,” “will,” “estimate,” and similar expressions are intended to identify such forward-looking statements.
These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including, without limitation, continued evolution and uncertainty related to technologies and digital infrastructure; our ability to continue as a going concern; our ability to cure any continued listing deficiencies and maintain the listing of our common stock on Nasdaq; the availability of our “at-the-market” program and our ability or inability to secure additional funds through equity financing transactions; access to reliable and reasonably priced electricity sources; operational, maintenance, repair, safety, and construction risks; the failure or breakdown of mining equipment, or internet connection failure; our reliance on key management personnel and employees; our ability to attract or retain the talent needed to sustain or grow the business; our ability to develop and execute on our business strategy and plans; counterparty risks related to our customers, agreements and/or contracts; the loss of a significant digital colocation customer; adverse actions by creditors, debt providers, or other parties; continued evolution and uncertainty related to growth in blockchain and Bitcoin and other digital assets’ usage; high volatility in Bitcoin and other digital assets’ prices and in value attributable to our business; our need to, and difficulty in, raising additional debt or equity capital and the availability of financing opportunities; failure to maintain required compliance to remain eligible for the most cost-effective forms of raising additional equity capital; the evolution of AI and HPC market and changing technologies; the slower than expected growth in demand for AI, HPC and other accelerated computing technologies; the ability to timely implement and execute on AI and HPC digital infrastructure contracts or deployment; the ability to timely complete the digital infrastructure build-out in order to achieve its revenue expectations for the periods mentioned; downturns in the digital assets industry; counterparty risks and risks of delayed or delinquent payments from customers and others; inflation, economic or political environment; cyber-security threats; our ability to obtain proper insurance; banks and other financial institutions ceasing to provide services to our industry; changes to the Bitcoin and/or other networks’ protocols and software; the decrease in the incentive or increased network difficulty to mine Bitcoin; the increase of transaction fees related to digital assets: the fraud or security failures of large digital asset exchanges; the regulation and taxation of digital assets like Bitcoin; our ability to timely and effectively implement controls and procedures required by Section 404 of the Sarbanes-Oxley Act of 2002; the effects of the involuntary petition filed against us in the United States Bankruptcy Court for the District of Delaware (the “Involuntary Petition”) and the outcome of the proceedings relating to the involuntary bankruptcy case in general, and how our common stock shares may and/or will be impacted by such pending Involuntary Petition; material litigation, investigations, or enforcement actions, including by regulators and governmental authorities; and other risks described in Mawson’s filings with the SEC. Mawson undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances after the date of this release, except as required by law.
Investor Contact: IR@mawsoninc.com
Partnerships Contact: Partnerships@mawsoninc.com
Media and Press Contact: mediarelations@mawsoninc.com
FAQ
What were Mawson (MIGI) preliminary Q3 2025 results announced on October 17, 2025?
How did Mawson's nine-month 2025 revenue and net loss compare to 2024?
What drove Mawson's improved profits and smaller losses in 2025?
Will Mawson's Q3 2025 results be audited and could they change?
Who was elected to the Mawson board at the 2025 Annual Meeting?
