Mawson Infrastructure's May overall revenue rose 19% year-over-year to $4.46 million
Mawson Infrastructure Group (NASDAQ: MIGI) today announced its business and operations update for May 2024. Unaudited data shows digital co-location revenue up 85% year over year to $2.76 million; energy management revenue up 139% to $970,000; and overall revenue up 19% year over year to $4.46 million, equivalent to about 70 BTC.
Rahul Mewawalla, CEO and President, said Mawson continues to expand the co-location Customer relationship and advances strong operational and technical capabilities in autonomous mining, digital co-location-based services and energy management. The company is expanding its Midland facility and expects to add 20 trillion watts of capacity, totaling approximately 129 trillion watts and 41,530 mining rigs.