Mawson Infrastructure Group Inc. Reports Q1 2025 Unaudited Financial Results
Rhea-AI Summary
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.
Positive
- 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
Negative
- None.
News Market Reaction
On the day this news was published, MIGI gained 0.13%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
X / Twitter: Mawson (@Mawsoninc) / X (twitter.com)
LinkedIn: https://www.linkedin.com/company/mawsoninc/
Facebook: Mawson Inc | Pittsburgh PA | Facebook
YouTube: https://www.youtube.com/c/MawsonInc
Vimeo: https://vimeo.com/mawsoninc
Investor Contact:
Investor Relations Team
IR@mawsoninc.com
Partnerships Contact:
Partnerships Team
Partnerships@mawsoninc.com
Media Contact:
Media Relations Team
mediarelations@mawsoninc.com
FAQ
What were MIGI's Q1 2025 financial results?
What is Mawson's current operational capacity and expansion plans?
What major customer agreement did MIGI secure in Q1 2025?
How did MIGI's operational performance improve in Q1 2025 compared to Q1 2024?
