Mawson Infrastructure Group, Inc. MIGI
About Mawson Infrastructure Group, Inc. (MIGI)
Mawson Infrastructure Group, Inc. (NASDAQ: MIGI) is a premier digital infrastructure provider, specializing in the operation and optimization of next-generation infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets. Headquartered in the United States, Mawson has established itself as a leader in the digital economy, utilizing a carbon-free energy approach to power its extensive network of data centers. As of Q2 2024, Mawson operates with a total capacity of 129 MW across its facilities, including a major expansion of its Midland, Pennsylvania site, which now ranks among the largest Bitcoin mining operations in the PJM market. The company's diversified business model includes a robust digital colocation service, which saw a 77% year-over-year revenue increase, and an energy management business that grew by 70% over the same period. Mawson's strategic focus on expanding into AI and HPC markets has led to the execution of new colocation agreements, including a 20 MW hosting deal for NVIDIA GPUs, marking its entry into the AI/HPC colocation space. The company continues to innovate and expand its digital asset mining capabilities, having produced 49 BTC in Q2 2024, contributing to a total revenue increase of 24% year-over-year. With a commitment to sustainability, innovation, and operational excellence, Mawson Infrastructure Group is well-positioned to capitalize on the growing demand for digital infrastructure, providing cutting-edge solutions across the digital assets, AI, and HPC markets.
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