Mawson Infra Gr Q2 Sales $10.60M Down From $19.78M YoY; Self-Mined BTC Revenue Increased 78% Q/Q To $4.9M
Portfolio Pulse from Benzinga Newsdesk
Mawson Infra Gr (NASDAQ:MIGI) reported Q2 sales of $10.60 million, a 46.41% decrease from $19.78 million in the same period last year. However, the company's self-mined BTC revenue increased by 78% Q/Q to $4.9 million.
August 21, 2023 | 8:06 pm
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NEUTRAL IMPACT
Mawson Infra Gr's Q2 sales decreased by 46.41% YoY, but its self-mined BTC revenue increased by 78% Q/Q.
While Mawson Infra Gr's overall sales have decreased significantly, the increase in self-mined BTC revenue indicates a potential shift in the company's revenue streams. This could potentially offset the negative impact of the sales decrease, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100