Mawson Infrastructure Group released unaudited revenue figures for October 2025, reporting $3.3 million— a 30 % decline year‑over‑year and a 36 % decline month‑over‑month compared with September 2025.
The segment breakdown shows digital colocation revenue at $1.6 million, down 59 % YoY and 56 % MoM; energy‑management revenue also at $1.6 million, up 191 % YoY and 29 % MoM; and self‑mining revenue at $0.1 million, down 55 % YoY and 62 % MoM. The sharp drop in core colocation and mining reflects a deliberate shift in operating mix as the company reduces reliance on Bitcoin mining and expands into higher‑margin AI and HPC services.
Management noted that the Bellefonte lease has been extended through December 31, 2030, providing a stable platform for future expansion. The GPU pilot program is progressing, positioning Mawson to capture growing demand for AI workloads.
Despite the revenue decline, gross‑profit margin improved to 59 % in Q3 2025 from 35 % in Q3 2024, driven by higher‑margin energy‑management and AI‑related services. The company’s cost structure remains disciplined, and the energy‑management segment’s rapid growth offsets some of the revenue decline.
Interim CEO Kaliste Saloom emphasized that the company remains focused on building a diversified digital infrastructure portfolio. “The extension of our Bellefonte lease and the progress of our GPU pilot program reinforce our confidence in moving beyond Bitcoin mining,” Saloom said. “We expect continued improvement in performance as our AI and HPC initiatives scale.”
The monthly update signals Mawson’s commitment to transparency during a period of strategic transition. While October’s results highlight challenges in legacy segments, the company’s trajectory depends on the successful scaling of its AI and energy‑management businesses.
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