Mawson Infrastructure Group (MIGI) Issues Monthly 2024 Operational Update

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Go back to Mawson Infrastructure Group (MIGI) Issues Monthly 2024 Operational Update

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for August 2024

September 16, 2024 6:01 AM EDT

Digital Colocation Revenue up 166% Y/Y from August 2023 and 25% M/M from July 2024
Total Monthly Revenue up 27% M/M from July 2024
Expanded into Artificial Intelligence (AI) and High-Performance Computing (HPC) Colocation Business
Executed AI Customer Colocation Agreement for 20 MW for 6-years to colocate NVIDIA GPUs, Expected to Generate Cumulative Revenue Potential of $285 Million1
Signed AI Customer Colocation LOI for AI and HPC Expansion to 144 MW
Expanded to Ohio with 24 MW Planned Capacity, Expected to Increase Total Capacity to 153 MW Upon Completion

MIDLAND, Pa., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Mawson... More