- Mawson Infrastructure (NASDAQ:MIGI) said Monday that its digital colocation business revenue was $3.43 million in August, up 166% year-over-year and up 25% sequentially.
- Total monthly revenue increased 27% month-over-month from July 2024 to approximately $4.44 million, attributed to Mawson’s recent foray into AI and HPC co-location. markets.
- Energy management business revenue of $0.79 million and monthly bitcoin self-mining business revenue of $0.22 million.
- Rahul Mewawalla, CEO and President of Mawson, said, “We are pleased with the recent expansion of our business in the artificial intelligence (AI) and high performance computing (HPC) colocation markets and our recent announcement of signing a 6-year AI customer colocation agreement to enable future acceleration of AI and HPC. Our expansion in Ohio further enhances our presence in the PJM market, the largest competitive wholesale electricity market in North America and one of the most attractive markets in our view for AI and HPC.”“