Mawson Infrastructure Reports June Digital Colocation Monthly Business Revenue Increase Of 56% Y/Y To $2.48M
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure reported a 56% year-over-year increase in June digital colocation monthly business revenue to $2.48 million. Additionally, their energy management monthly business revenue surged 262% year-over-year to $0.74 million.
July 18, 2024 | 8:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mawson Infrastructure reported significant revenue growth in June, with digital colocation revenue up 56% Y/Y to $2.48M and energy management revenue up 262% Y/Y to $0.74M.
The substantial year-over-year revenue increases in both digital colocation and energy management segments indicate strong business performance and growth potential, likely leading to positive investor sentiment and a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100