Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2024
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Mawson Infrastructure Group Inc. reported a 69% year-over-year increase in digital colocation revenue for December 2024. The company's operating hash rate is expected to grow from 4.98 EH/s to 5.10 EH/s, and its operating capacity is projected to increase from 129 MW to 153 MW with the completion of an Ohio facility in 2025.
January 14, 2025 | 12:45 pm
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Mawson Infrastructure Group Inc. saw a significant 69% increase in digital colocation revenue year-over-year for December 2024. The company is expanding its operating hash rate and capacity, with new developments and an Ohio facility expected to boost growth in 2025.
The 69% increase in digital colocation revenue indicates strong business performance, which is likely to positively impact the stock price. The expected growth in hash rate and capacity further supports a positive outlook, as these developments suggest future revenue growth and operational expansion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100