Mawson Infrastructure reports March monthly revenue $5.44M

Mawson Infrastructure Group announced 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.