MIGI - Mawson Infrastructure Group Inc. Announces Monthly Operational Update for March 2024 | Benzinga
Total Revenue Doubled with 100% Y/Y Growth from March of last year
March Self-Mining Business Revenue up 182% Y/Y
March Co-Location Business Revenue up 54% Y/Y
March Total Revenue of about $5.44 million
MIDLAND, Pa., April 18, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) ("Mawson" or the "Company"), a digital infrastructure company, announced today its unaudited business and operational update for March 2024.
Rahul Mewawalla, CEO and President, commented, "We are very pleased with our digital platform capabilities and our total revenue in March 2024 growing to double of our revenue back in March last year with 100% Y/Y growth. We are also excited to grow our self-mining business revenue by 182% Y/Y and grow our co-location business revenue by 54% Y/Y. In addition, we are delighted to expand our co-location customer agreement and to grow our business with our enterprise customers. Our robust portfolio mix and our enhanced capabilities across all three of our businesses – self-mining, co-location business services, and energy management – provides us with a broader set of opportunities ahead."
Unaudited March Monthly Operating Results Summary
- Total monthly revenue doubled Y/Y with 100% Y/Y growth to about $5.44 million and the equivalent of 83 BTC1.
- Self-mining business revenue increased 182% Y/Y and 12% M/M to $2.87 million.
- Co-location business revenue was $2.40 million and is expected to expand to approximately 82 MW and over 25,284 miners. Energy management revenue was $0.17 million.
- Total Power Capacity was approximately 109 MW with capacity for approximately 35,650 miners.
Conferences and Events Update
Mawson has planned for its CEO and President, Rahul Mewawalla to join the following upcoming conferences and events. Please contact IR@Mawsoninc.com for further information.
- 19th Annual Needham Technology, Media and Consumer Conference in May 2024 in New York City, New York
- Consensus in May 2024 in Austin, Texas
- Artificial Intelligence (AI) Summit in June 2024 in London, United Kingdom
- Mining Disrupt in June 2024 in Miami, Florida
- Bitcoin 2024 in July 2024 in Nashville, Tennessee
- Blockchain Futurist in August 2024 in Toronto, Canada
- Gateway Conference in September 2024 in San Francisco, California
- Token 2049 in September 2024 in Singapore
- Bitcoin Europe in October 2024 in Amsterdam, Netherlands
- World Summit Artificial Intelligence (AI) in October 2024 in Amsterdam, Netherlands
- Money 20/20 in ...