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Mawson Infrastructure Group (MIGI) investor relations material
Mawson Infrastructure Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Focused on digital infrastructure, AI, HPC, and Bitcoin mining, with a shift toward colocation services and energy management in the U.S. market.
Achieved significant improvements in revenue, gross profit, and net income for Q3 2025, reflecting progress toward sustained profitability and growth in digital infrastructure and AI services.
Launched a GPU pilot program for decentralized AI networks to diversify revenue streams and expand AI cloud capabilities, with a 100-day plan to assess performance.
Extended the lease for the Bellefonte, PA mining facility through 2030, supporting long-term operational stability.
Ongoing legal disputes and compliance challenges, including Nasdaq listing deficiencies and overdue debt.
Financial highlights
Q3 2025 revenue was $13.2M, up 7% year-over-year; gross profit was $8.6M, nearly doubling due to lower costs.
Net income for Q3 2025 was $0.3M, compared to a net loss of $12.2M in Q3 2024.
For the nine months ended September 30, 2025, revenue was $36.5M (down 17%), net loss was $8.0M (improved from $41.8M loss in 2024).
Adjusted EBITDA for Q3 2025 was $2.8M, compared to $(1.7)M in Q3 2024.
Q3 2025 income from operations was $1.6M, reversing a $11.4M loss in Q3 2024.
Outlook and guidance
Management expects continued investment in infrastructure and working capital needs, with a focus on expanding colocation and AI/HPC services.
Near-term funding expected from operations, equity issuances, and potential debt; additional capital will be needed to meet obligations.
Focused on building momentum into 2026, aiming to lead in carbon-aware, next-generation compute solutions.
Plans to resume monthly operational updates starting December 2025.
Post-100-day GPU pilot, what's next?
What factors contributed to YTD revenue decline despite Q3 growth?
What is the target capacity for new development?
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Emerging Growth Conference11 Dec, 2025
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Emerging Growth Conference11 Dec, 2025
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Frequently asked questions
Mawson Infrastructure Group Inc. (MIGI) is a global digital asset infrastructure company specializing in the provision of digital infrastructure services. With operations primarily in the United States and Australia, the company is focused on the cryptocurrency mining business, leveraging its ownership and operation of modular data centers. Mawson Infrastructure Group's business model centers on addressing the mismatch between energy generation and usage by pairing stranded or underutilized energy assets with modular data center (MDC) technology. This approach is aimed at generating high margins across its operations, with a strong emphasis on return on investment (ROI) and shareholder returns. The company is headquartered in Sharon, Pennsylvania, and its shares are listed on the Nasdaq.
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