Overall monthly revenue of about $3.94 million, monthly digital asset colocation business revenue up 54% Y/Y to $2.75 million, monthly energy management business revenue of $0.75 million, monthly Bitcoin self mining business revenue of $0.44 million, and recently expanded into AI and HPC Markets. Rahul Mewawalla, CEO and President, stated, “We are pleased to deliver another month of significant progress across several key areas that are expected to contribute to future growth opportunities for our digital infrastructure platforms, including delivering 54% year-over-year growth in our digital assets colocation revenue. We also have been ramping up our recent digital assets enterprise colocation customer deployment post the 20 MW expansion, which has grown our current operational capacities at our Midland Facility to 120MW, and increased our overall current operating capacity to 129MW. In addition, we have expanded our digital colocation business into new digital assets with this ramp up of our latest customer deployment. Moreover, the recent expansion of our business into AI and HPC colocation services marks a significant step forward in our long-term growth strategy. This expansion not only broadens our revenue streams but also positions Mawson as a rising player in the AI and HPC infrastructure space, while expanding our growth and innovation initiatives, as we continue to position ourselves strategically in the overall digital infrastructure space.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MIGI:
- Mawson Infrastructure reports Q2 bitcoin production of 49 BTC
- Mawson Infrastructure Group Inc. Reports Q2 2024 Financial Results
- Mawson Infrastructure Group Inc. to Join World Summit AI (Artificial Intelligence) in October 2024
- Mawson Infrastructure signs AI/HPC Colocation agreement for 20MW
- Mawson Infrastructure Group Inc. Expands into AI and HPC Markets and Announces the Signing of AI/HPC Colocation Agreement for 20 MW