Mawson Infrastructure Group Inc. Reports Q1 2025 Unaudited Financial Results
Mawson Infrastructure Group (MIGI) reported strong Q1 2025 financial results, showcasing significant year-over-year growth across key business segments. The company's digital colocation revenue increased 27% to $10.4 million, while energy management revenue grew 24% to $3.1 million. A major highlight was the company's successful transformation to profitability, posting income from operations of $0.6 million, compared to a loss of $7.7 million in Q1 2024.
The company secured a significant 3-year agreement with a publicly traded enterprise customer for digital colocation services, accommodating approximately 17,453 latest-generation ASICs or about 64 MW of compute capacity. Mawson currently operates with a total capacity of 129 MW, with an additional 24 MW under development in the strategic PJM market, set to reach 153 MW upon completion.
Mawson Infrastructure Group (MIGI) ha riportato risultati finanziari solidi nel primo trimestre del 2025, mostrando una crescita significativa anno su anno nei principali segmenti di business. I ricavi dalla colocazione digitale sono aumentati del 27% raggiungendo 10,4 milioni di dollari, mentre i ricavi dalla gestione dell'energia sono cresciuti del 24% arrivando a 3,1 milioni di dollari. Un punto di rilievo è stata la trasformazione dell'azienda verso la redditività, con un utile operativo di 0,6 milioni di dollari, rispetto a una perdita di 7,7 milioni nel primo trimestre del 2024.
L'azienda ha siglato un importante accordo triennale con un cliente pubblico quotato per servizi di colocazione digitale, che prevede l'installazione di circa 17.453 ASIC di ultima generazione, equivalenti a circa 64 MW di capacità di calcolo. Attualmente Mawson opera con una capacità totale di 129 MW, con ulteriori 24 MW in fase di sviluppo nel mercato strategico PJM, che porteranno la capacità complessiva a 153 MW al completamento.
Mawson Infrastructure Group (MIGI) reportó sólidos resultados financieros en el primer trimestre de 2025, mostrando un crecimiento significativo interanual en sus principales segmentos de negocio. Los ingresos por colocación digital aumentaron un 27% hasta 10,4 millones de dólares, mientras que los ingresos por gestión energética crecieron un 24% alcanzando 3,1 millones de dólares. Un punto destacado fue la exitosa transformación de la empresa hacia la rentabilidad, registrando un ingreso operativo de 0,6 millones de dólares, en comparación con una pérdida de 7,7 millones en el primer trimestre de 2024.
La compañía aseguró un importante acuerdo de 3 años con un cliente público cotizado para servicios de colocación digital, que permitirá alojar aproximadamente 17,453 ASICs de última generación, o cerca de 64 MW de capacidad computacional. Actualmente, Mawson opera con una capacidad total de 129 MW, con 24 MW adicionales en desarrollo en el mercado estratégico PJM, alcanzando un total de 153 MW al completarse.
Mawson Infrastructure Group (MIGI)는 2025년 1분기 강력한 재무 실적을 보고하며 주요 사업 부문에서 전년 대비 상당한 성장을 기록했습니다. 회사의 디지털 콜로케이션 수익은 27% 증가하여 1,040만 달러를 기록했고, 에너지 관리 수익은 24% 증가하여 310만 달러에 달했습니다. 주요 성과 중 하나는 2024년 1분기 770만 달러 손실에서 벗어나 영업이익 60만 달러의 수익성 전환에 성공한 점입니다.
회사는 상장된 공기업 고객과 3년 계약을 체결하여 약 17,453대의 최신 세대 ASIC 또는 약 64MW의 컴퓨팅 용량을 수용하는 디지털 콜로케이션 서비스를 제공하게 되었습니다. 현재 Mawson은 총 129MW의 용량으로 운영 중이며, 전략적 PJM 시장에서 추가로 24MW를 개발 중으로 완공 시 총 153MW에 이를 예정입니다.
Mawson Infrastructure Group (MIGI) a annoncé de solides résultats financiers pour le premier trimestre 2025, affichant une croissance significative d'une année sur l'autre dans ses principaux segments d'activité. Les revenus de la colocation numérique ont augmenté de 27 % pour atteindre 10,4 millions de dollars, tandis que les revenus de la gestion énergétique ont progressé de 24 % pour atteindre 3,1 millions de dollars. Un point fort a été la transformation réussie de l'entreprise vers la rentabilité, avec un résultat opérationnel de 0,6 million de dollars, contre une perte de 7,7 millions au premier trimestre 2024.
L'entreprise a conclu un contrat de 3 ans avec un client coté en bourse pour des services de colocation numérique, accueillant environ 17 453 ASIC de dernière génération, soit environ 64 MW de capacité de calcul. Mawson dispose actuellement d'une capacité totale de 129 MW, avec 24 MW supplémentaires en cours de développement sur le marché stratégique PJM, ce qui portera la capacité à 153 MW une fois achevée.
Mawson Infrastructure Group (MIGI) meldete starke Finanzergebnisse für das erste Quartal 2025 und zeigte ein deutliches Wachstum im Jahresvergleich in den wichtigsten Geschäftsbereichen. Der Umsatz aus digitaler Colocation stieg um 27 % auf 10,4 Millionen US-Dollar, während der Umsatz im Energiemanagement um 24 % auf 3,1 Millionen US-Dollar zunahm. Ein Höhepunkt war die erfolgreiche Umstellung auf Profitabilität mit einem operativen Ergebnis von 0,6 Millionen US-Dollar im Vergleich zu einem Verlust von 7,7 Millionen US-Dollar im ersten Quartal 2024.
Das Unternehmen sicherte sich einen bedeutenden drei-Jahres-Vertrag mit einem börsennotierten Unternehmenskunden für digitale Colocation-Dienste, der etwa 17.453 ASICs der neuesten Generation oder rund 64 MW Rechenkapazität umfasst. Mawson verfügt derzeit über eine Gesamtkapazität von 129 MW, mit weiteren 24 MW in der Entwicklung auf dem strategischen PJM-Markt, was nach Fertigstellung eine Kapazität von 153 MW ergeben wird.
- Digital colocation revenue grew 27% Y/Y to $10.4 million
- Energy management revenue increased 24% Y/Y to $3.1 million
- Achieved profitability with $0.6 million income from operations, up from -$7.7 million loss in Q1 2024
- Secured new 3-year enterprise customer agreement for 64 MW of compute capacity
- Total operational capacity expanding to 153 MW upon completion of development
- None.
Insights
Mawson shows strong Q1 growth with 27% rise in digital colocation revenue and shift to profitability, while securing major new customer agreement.
Mawson Infrastructure Group has demonstrated robust growth in its digital infrastructure businesses, with digital colocation revenue climbing
The newly secured enterprise customer agreement represents a major win, covering approximately 17,453 latest-generation ASICs or about 64 MW of compute capacity with a 3-year term. This long-term contract adds significant stability to Mawson's revenue stream while expanding their footprint in digital colocation services. The company's current operational capacity stands at 129 MW with plans to add 24 MW under development, bringing total capacity to 153 MW upon completion.
Mawson's strategic positioning within the PJM market - one of North America's largest wholesale electricity markets - gives them access to competitive energy pricing crucial for high-density computing operations. Their emphasis on carbon-free energy sources, particularly nuclear power, aligns with enterprise requirements for sustainable computing infrastructure. The diversification across AI, high-performance computing, and digital assets markets provides multiple growth avenues while reducing dependency on any single computing segment.
Executed New Digital Colocation Customer Agreement in Q1 2025 for about 17,453 latest-generation ASICS or about 64 MW of compute capacity at Mawson’s facilities
MIDLAND, Pa., May 15, 2025 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. ("Mawson", "the Company"), a publicly-traded technology company that offers digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets, today announced its financial and operational results for the first quarter ended March 31, 2025.
Rahul Mewawalla, CEO and President of Mawson, said, "We are pleased to report continued strategic, operational, technological, and financial execution in the first quarter of 2025 – and
Financial and operational highlights for the quarter ended March 31, 2025, include:
- Q1 2025 Digital colocation revenue increased
27% Y/Y, up to$10.4 million . - Q1 2025 Energy management revenue increased
24% Y/Y, up to$3.1 million . - Successful Transformation of Company, including income from operations of positive
$0.6 million in Q1 2025, a significant improvement from a loss from operations of$7.7 million in Q1 2024. - Successfully executed a new customer agreement with a publicly traded enterprise customer in March 2025 for an initial agreement term of 3 years to provide digital colocation services for approximately 17,453 latest-generation ASICs at Mawson’s facilities or about 64 MW of compute capacity at Mawson’s facilities, further expanding our digital colocation business.
- Total current operational capacity of 129 MW with an additional 24 MW under development, growing the Company’s total operating capacity to 153 MW upon completion, all in the strategic PJM market, which represents one of the largest competitive wholesale electricity markets in North America.
Conferences and Events Update
Mawson has planned for its CEO and President, Rahul Mewawalla, and/or other members of the management team, to join the following upcoming conferences and events. Please contact IR@Mawsoninc.com for more information.
- Web Summit – May 27-30, 2025
- AI and Big Data Expo – June 4-5, 2025
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company that offers digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC) and digital assets. The Company’s digital infrastructure platforms can be used to operate computing resources for a number of applications, and are offered across artificial intelligence (AI), high-performance computing (HPC), digital assets, and other computing applications. Our innovation, technology, and operational expertise enables us to operate and optimize digital infrastructure to accelerate the digital economy. The Company has a strategy to prioritize the usage of carbon-free energy sources, including nuclear energy, to power its digital infrastructure platforms and computational machines.
The Company’s media interviews and videos are available at www.mawsoninc.com/video-interviews.
Articles and recent news related to the Company are available at www.mawsoninc.com/articles.
For more information, visit: https://www.mawsoninc.com
Company Presentation Update
Mawson has available a Company Overview Presentation about the company’s strategic approach and its businesses at its corporate website at https://www.mawsoninc.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility of Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of digital assets, further or new regulation of digital assets and AI, 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 than expected, the ability to timely implement and execute on AI and HPC digital infrastructure, and the ability to timely complete the digital infrastructure build-out in order to achieve its revenue expectations for the periods mentioned.
More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 28, 2025, Mawson’s Quarterly Report on Form 10-Q filed with the SEC on May 15, 2025, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
For more information, visit us at https://www.mawsoninc.com
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FAQ
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