Mawson Infrastructure Group Inc. announced its unaudited business and operational update for September 2024, reporting a 65% year-on-year increase in overall monthly business revenue. The company's total monthly revenue reached $4.15 million for the month.
The Energy Management segment demonstrated robust growth, with revenue increasing 271% year-on-year from September 2023. Additionally, the digital colocation business grew to a multi-million dollar monthly revenue, a significant increase from zero in September 2023, establishing a diversified enterprise-grade customer base.
Operationally, Mawson completed Phase 1 of construction at its Ohio Facility. This development is expected to increase Mawson’s total capacity to 153 MW upon full completion, signaling progress in expanding its digital infrastructure platforms.
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