Mawson Infrastructure Group Inc. announced its financial and operational results for the year ended December 31, 2024, reporting significant growth across its core businesses. The digital colocation business achieved 136% year-over-year revenue growth, while the energy management business saw a 42% year-over-year revenue increase.
The company also reported a 35% year-over-year increase in overall gross profit for fiscal year 2024. Mawson successfully brought in several enterprise-grade customers and expanded its platform offerings into artificial intelligence (AI) and high-performance computing (HPC) markets.
CEO Rahul Mewawalla commented on the company's strategic, operational, and financial execution, emphasizing its transformation into a multi-tenant digital infrastructure platform. This pivot aims to serve enterprise-grade customers with solutions across AI, HPC, and digital assets.
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