Mawson Infrastructure Group Inc. reported its unaudited financial and operational results for the third quarter of fiscal year 2024, ending September 30, 2024. The company's digital colocation business revenue increased by 222% year-over-year, while its energy management business revenue grew by 33% year-over-year.
Total overall revenue for the first nine months of 2024 increased by 50% year-to-date. For Q3 2024 specifically, total revenue was US$12.3 million, representing an 8.7% increase.
The company also noted that its total operating capacity is expected to increase from 129 MW to 153 MW upon the completion of its Ohio facility. This expansion is strategically located within the PJM market, which is North America’s largest competitive wholesale electricity market.
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