Mawson Infrastructure Group Total Monthly Revenue Increased 65% YoY To About $4.85B And The Equivalent Of 74 BTC
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a 65% year-over-year increase in total monthly revenue for April 2024, reaching approximately $4.85 million. The company's self-mining business revenue rose by 73% Y/Y, while its co-location business revenue surged by 105% Y/Y. Mawson also announced a 20 MW expansion plan, increasing its total capacity to 129 MW.
May 20, 2024 | 12:53 pm
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Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a significant 65% year-over-year increase in total monthly revenue for April 2024, driven by strong growth in both its self-mining and co-location businesses. The company also announced a 20 MW expansion plan.
The significant year-over-year revenue growth and the expansion plan are positive indicators for Mawson Infrastructure Group. The increase in self-mining and co-location revenues suggests strong operational performance, which is likely to positively impact the stock price in the short term.
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