Mawson Infrastructure Reports 27% Revenue Growth In August to $4.44M MoM
Portfolio Pulse from Benzinga Newsdesk
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a 27% month-on-month revenue growth in August 2024, reaching $4.44 million. The company is expanding into AI and HPC colocation markets, signing a significant 6-year AI customer colocation agreement. Mawson's expansion into Ohio and Pennsylvania enhances its presence in the PJM market, focusing on sustainable energy solutions.
September 16, 2024 | 10:05 am
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Mawson Infrastructure Group Inc. reported a 27% month-on-month revenue growth in August 2024, driven by its expansion into AI and HPC colocation markets. The company signed a 6-year AI customer colocation agreement and expanded its presence in the PJM market, focusing on sustainable energy solutions.
The significant revenue growth and strategic expansion into AI and HPC markets, along with new agreements and a focus on sustainable energy, are likely to positively impact Mawson's stock price in the short term. The company's presence in the PJM market and its partnerships for deploying NVIDIA GPUs further strengthen its market position.
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