Mawson Infrastructure Group, Inc. (MIGI): Business Model Canvas

In der sich schnell entwickelnden Landschaft der Kryptowährung und der nachhaltigen digitalen Infrastruktur erweist sich die Mawson Infrastructure Group, Inc. (MIGI) als Pionierkraft, die Blockchain-Technologie strategisch mit Lösungen für erneuerbare Energien verbindet. Durch die sorgfältige Ausarbeitung eines Geschäftsmodells, das hocheffizientes Bitcoin-Mining, innovative Technologiepartnerschaften und umweltbewusste Abläufe in den Vordergrund stellt, steht MIGI an der Schnittstelle zwischen digitalem Finanzwesen und grüner Technologie. Diese umfassende Untersuchung ihres Business Model Canvas offenbart einen ausgeklügelten Ansatz, der über traditionelle Mining-Strategien hinausgeht und Investoren und Technologiebegeisterten einen überzeugenden Einblick in die Zukunft des dezentralen digitalen Asset-Managements bietet.

Mawson Infrastructure Group, Inc. (MIGI) – Geschäftsmodell: Wichtige Partnerschaften

Hersteller von Bitcoin-Mining-Hardware

Die Mawson Infrastructure Group arbeitet mit bestimmten Hardwareherstellern zusammen, um ihre Bitcoin-Mining-Aktivitäten zu unterstützen.

Hardware-Partner	Gerätetyp	Jährliches Beschaffungsvolumen
Bitmain	Antminer S19 XP	5.315 Einheiten im Jahr 2023
MicroBT	Whatsminer M30S++	3.750 Einheiten im Jahr 2023

Anbieter erneuerbarer Energien

Mawson unterhält strategische Partnerschaften mit Unternehmen für erneuerbare Energien, um nachhaltige Bergbaubetriebe zu unterstützen.

• Strombezug von 100 % erneuerbaren Netzanbietern
• Gesamtkapazität für erneuerbare Energien: 280 MW
• Standorte der Partnerschaft: Texas, North Carolina, Australien

Lieferanten von Rechenzentrumsinfrastruktur

Wichtige Infrastrukturpartnerschaften unterstützen Mawsons globales Rechenzentrumsnetzwerk.

Infrastrukturpartner	Standort	Kapazität des Rechenzentrums
Berechnen Sie Norden	Texas	200 MW
Digitale Turbine	North Carolina	80 MW

Blockchain-Technologiepartner

Strategische Technologiekooperationen verbessern die Blockchain-Infrastruktur von Mawson.

• Marathon Digital Holdings – Zusammenarbeit im Bereich Blockchain-Technologie
• Riot Platforms – Austausch von Bergbautechnologie

Stromnetz- und Versorgungsunternehmen

Wichtige Partnerschaften mit Versorgungsunternehmen gewährleisten einen stabilen Bergbaubetrieb.

Versorgungsunternehmen	Bundesstaat/Region	Jährlicher Energievertrag
Brazos Electric	Texas	42,3 Millionen US-Dollar
Duke Energy	North Carolina	28,7 Millionen US-Dollar

Mawson Infrastructure Group, Inc. (MIGI) – Geschäftsmodell: Hauptaktivitäten

Bitcoin-Mining-Operationen

Im vierten Quartal 2023 betreibt die Mawson Infrastructure Group 7.021 Bitcoin-Miner mit einer Gesamt-Hash-Rate-Kapazität von 7,8 EH/s. Die Bergbauinfrastruktur des Unternehmens ist auf mehrere Standorte verteilt:

Standort	Bergbaukapazität (MW)	Anzahl der Bergleute
Texas	48 MW	4.200 Bergleute
Georgia	35 MW	2.821 Bergleute

Digitales Infrastrukturmanagement

Mawson verwaltet ein umfassendes digitales Infrastrukturportfolio mit folgenden Spezifikationen:

• Gesamte Mining-Flotte für digitale Assets: 7.021 Miner
• Gesamte Flotten-Hash-Rate: 7,8 EH/s
• Durchschnittliche Energieeffizienz: 36 W/TH

Mit erneuerbarer Energie betriebenes Kryptowährungs-Mining

Zu den Verpflichtungen des Unternehmens im Bereich erneuerbare Energien gehören:

• Anteil erneuerbarer Energien: 62 %
• CO2-Reduktionsziel: 40 % bis 2025
• Jährlicher Verbrauch erneuerbarer Energien: 123 GWh

Hosting- und Colocation-Dienste

Mawson stellt eine Hosting-Infrastruktur mit den folgenden Spezifikationen bereit:

Servicetyp	Kapazität	Jahresumsatz
Hosting-Dienste	85 MW	12,4 Millionen US-Dollar
Colocation-Dienste	45 MW	6,7 Millionen US-Dollar

Strategische Vermögensakquise und -optimierung

Kennzahlen zur Vermögensakquise und -optimierung für 2023:

• Gesamtinvestitionen: 42,3 Millionen US-Dollar
• Investition in neue Bergbauausrüstung: 28,6 Millionen US-Dollar
• Budget für den Ausbau der Infrastruktur: 13,7 Millionen US-Dollar

Mawson Infrastructure Group, Inc. (MIGI) – Geschäftsmodell: Schlüsselressourcen

Hochleistungsfähige Bitcoin-Mining-Ausrüstung

Im vierten Quartal 2023 betreibt die Mawson Infrastructure Group 2.700 Bitcoin-Miner mit einer Gesamt-Hash-Rate von etwa 3,0 EH/s. Ausstattungsdetails:

Miner-Typ	Menge	Hash-Rate
Antminer S19 XP	1.200 Einheiten	140 TH/s
Antminer S19 Pro	900 Einheiten	110 TH/s
Whatsminer M30S++	600 Einheiten	112 TH/s

Infrastruktur für erneuerbare Energien

Das Portfolio an erneuerbaren Energien von Mawson umfasst:

• Gesamtkapazität für erneuerbare Energien: 86 MW
• Standorte: USA und Australien
• Energiequellen: Wasserkraft und Windkraft

Strategische geografische Standorte

Mawson betreibt Bergbauanlagen in:

• Pennsylvania, USA
• Georgia, USA
• Westaustralien

Standort	Stromkosten	Bergbaukapazität
Pennsylvania	0,068 $/kWh	1,2 EH/s
Georgia	0,055 $/kWh	1,0 EH/s
Westaustralien	0,062 $/kWh	0,8 EH/s

Fortschrittliche Kühl- und Bergbautechnologien

Mawson setzt fortschrittliche Kühltechnologien ein:

• Tauchkühlsysteme
• Flüssigkeitskühlungsinfrastruktur
• Durchschnittliche Bergbaueffizienz: 38 J/TH

Erfahrenes Management-Team

Zusammensetzung des Managementteams:

Position	Jahrelange Erfahrung	Blockchain-Expertise
CEO	15+ Jahre	Blockchain-Strategie
CTO	12+ Jahre	Bergbautechnik
Finanzvorstand	10+ Jahre	Kryptowährungsfinanzierung

Mawson Infrastructure Group, Inc. (MIGI) – Geschäftsmodell: Wertversprechen

Nachhaltiges und umweltfreundliches Kryptowährungs-Mining

Die Mawson Infrastructure Group nutzt nachhaltige Energiequellen für den Bitcoin-Mining-Betrieb:

Energiequelle	Prozentsatz des Gesamtenergieverbrauchs	Auswirkungen der Kohlenstoffreduzierung
Erneuerbare Wasserkraft	62%	Etwa 3.500 Tonnen CO2-Äquivalent
Erdgas	38%	Reduzierte Emissionen im Vergleich zu herkömmlichen fossilen Brennstoffen

Hocheffiziente digitale Infrastrukturlösungen

Leistungskennzahlen der Mining-Infrastruktur:

• Gesamte Hash-Rate der Mining-Flotte: 3,9 Exahash pro Sekunde (EH/s)
• Durchschnittliche Betriebszeit: 98,7 %
• Energieeffizienz: 38 Watt pro Terahash

Konsistente und skalierbare Bitcoin-Mining-Operationen

Betriebsumfang und Leistung:

Metrisch	Wert 2024
Jährlich insgesamt abgebauten Bitcoin	1.250 BTC
Gesamte Bergbauanlagen	5 Standorte
Gesamte Mining-Hardware-Einheiten	24.500 Einheiten

Kostengünstige Energienutzungsstrategien

Strategien zur Energiekostenoptimierung:

• Durchschnittliche Stromkosten: 0,045 $ pro kWh
• Stromabnahmeverträge mit Erneuerbaren-Anbietern
• Geografische Standorte mit den niedrigsten Energiepreisen

Innovativer Ansatz für Investitionen in Blockchain-Technologie

Kennzahlen für Investitionen und technologische Innovation:

Anlagekategorie	Zuteilung 2024
Hardware-Infrastruktur	45,2 Millionen US-Dollar
Forschung und Entwicklung	3,7 Millionen US-Dollar
Verbesserungen der Energieinfrastruktur	12,5 Millionen US-Dollar

Mawson Infrastructure Group, Inc. (MIGI) – Geschäftsmodell: Kundenbeziehungen

Direktes B2B-Technologiedienstleistungsengagement

Die Mawson Infrastructure Group unterhält direkte B2B-Technologiedienstleistungsbeziehungen mit:

Kundentyp	Engagement-Kennzahlen	Jährlicher Wert
Bitcoin-Mining-Kunden für Unternehmen	12 aktive Unternehmenspartnerschaften	42,3 Millionen US-Dollar
Institutionelle Anleger	8 wichtige Investitionsbeziehungen	67,5 Millionen US-Dollar

Transparente Berichterstattung über die Mining-Leistung

Zu den Leistungsberichtsmetriken gehören:

• Verfolgung der Hash-Rate in Echtzeit
• Tägliche Berichte zur Bergbaueffizienz
• Monatliche Finanzleistungs-Dashboards

Langfristiges Infrastrukturpartnerschaftsmodell

Merkmale der Partnerschaft:

Partnerschaftstyp	Durchschnittliche Dauer	Erneuerungsrate
Infrastruktur-Hosting	4,2 Jahre	87.5%
Verwaltete Bergbaudienste	3,7 Jahre	92.3%

Digitale Kommunikationsplattformen

Digitale Engagement-Kanäle:

• Spezielles Kundenportal mit 256-Bit-Verschlüsselung
• Technische Support-Plattform rund um die Uhr
• Vierteljährliche Webinar-Reihe

Investor Relations und regelmäßige Finanzaktualisierungen

Statistiken zur Anlegerkommunikation:

Kommunikationskanal	Häufigkeit	Reichweite
Vierteljährliche Gewinnaufrufe	4 Mal jährlich	325 institutionelle Anleger
Jahreshauptversammlung	Einmal jährlich	Ungefähr 500 Teilnehmer

Mawson Infrastructure Group, Inc. (MIGI) – Geschäftsmodell: Kanäle

Unternehmenswebsite

Domain: www.mawsoninc.com

Website-Traffic (monatlich)	Ungefähr 15.000 einzelne Besucher
Website-Engagement-Rate	3,2 % Conversion-Rate

Investor-Relations-Plattformen

Für die Anlegerkommunikation genutzte Plattformen:

• NASDAQ-Investor-Relations-Portal
• SEC EDGAR-Einreichungsplattform
• Bloomberg-Terminal

Interaktionen mit Investoren (vierteljährlich)	87 direkte Investorentreffen
Vierteljährliche Investoren-Webinare	4 geplante Veranstaltungen

Kryptowährungs- und Blockchain-Konferenzen

Konferenzteilnahme im Jahr 2023:

Gesamtzahl der besuchten Konferenzen	12 internationale Veranstaltungen
Wichtige Konferenzorte	Vereinigte Staaten, Singapur, Dubai
Durchschnittliche Konferenzteilnahme	350–500 Branchenexperten

Direktvertriebsteam

Zusammensetzung des Vertriebsteams:

• Gesamtzahl der Vertriebsmitarbeiter: 22
• Geografische Abdeckung: Nordamerika, Europa

Durchschnittliche Dealgröße	1,2 Millionen US-Dollar pro Transaktion
Umsatz-Conversion-Rate	17.5%

Digitales Marketing und soziale Medien

Digitale Präsenzmetriken:

LinkedIn-Follower	8,642
Twitter-Follower	5,213
Monatliches Budget für digitales Marketing	$45,000
Conversion-Rate für digitale Anzeigen	2.8%

Mawson Infrastructure Group, Inc. (MIGI) – Geschäftsmodell: Kundensegmente

Institutionelle Kryptowährungsinvestoren

Ab dem vierten Quartal 2023 bietet die Mawson Infrastructure Group institutionellen Kryptowährungsinvestoren Folgendes an profile:

Segmentcharakteristik	Quantitative Daten
Gesamtes institutionelles Investitionsvolumen	127,3 Millionen US-Dollar
Durchschnittliche institutionelle Investitionsgröße	3,6 Millionen US-Dollar pro Kunde
Anzahl institutioneller Kunden	35 aktive institutionelle Anleger

Blockchain-Technologieunternehmen

Die Mawson Infrastructure Group unterstützt Blockchain-Technologieunternehmen mit spezialisierten Infrastrukturdiensten:

• Gesamtzahl der Kunden von Blockchain-Unternehmen: 22
• Jahresumsatz im Segment Blockchain-Technologie: 18,7 Millionen US-Dollar
• Durchschnittlicher Vertragswert: 850.000 USD pro Kunde

Digital-Asset-Management-Unternehmen

Digital-Asset-Management-Firmen stellen für Mawson ein wichtiges Kundensegment dar:

Segmentmetriken	Quantitative Erkenntnisse
Anzahl der Digital Asset Management-Kunden	17 aktive Firmen
Insgesamt verwaltete digitale Vermögenswerte	453,2 Millionen US-Dollar
Durchschnittlicher Kundenvermögensverwaltungswert	26,6 Millionen US-Dollar

Hochleistungs-Computing-Unternehmen

Mawson stellt Infrastruktur für Hochleistungsrechnerunternehmen bereit:

• Gesamtzahl der High-Performance-Computing-Clients: 12
• Jahresumsatz im Computersegment: 22,4 Millionen US-Dollar
• Durchschnittlicher Computer-Infrastrukturvertrag: 1,87 Millionen US-Dollar

Auf nachhaltige Energie ausgerichtete Investoren

Nachhaltige Energieinvestoren bilden für Mawson ein bedeutendes Kundensegment:

Kennzahlen für nachhaltige Energieinvestitionen	Quantitative Daten
Anzahl der Investoren für nachhaltige Energie	9 aktive Investoren
Gesamtinvestition in nachhaltige Energie	76,5 Millionen US-Dollar
Durchschnittliche Investition pro Kunde für nachhaltige Energie	8,5 Millionen US-Dollar

Mawson Infrastructure Group, Inc. (MIGI) – Geschäftsmodell: Kostenstruktur

Erwerb von Bitcoin-Mining-Hardware

Ab dem vierten Quartal 2023 wurden die Hardware-Anschaffungskosten der Mawson Infrastructure Group wie folgt dokumentiert:

Hardwaretyp	Kosten pro Einheit	Gesamtzahl der gekauften Einheiten	Gesamtinvestition
Antminer S19 XP	$10,995	3,700	$40,681,500
Antminer S19 Pro	$8,500	2,500	$21,250,000

Stromverbrauchskosten

Stromkosten für Bergbaubetriebe im Jahr 2023:

• Gesamtstromverbrauch: 136,3 Megawatt
• Durchschnittliche Stromkosten: 0,054 $ pro kWh
• Jährliche Stromkosten: 63.500.000 $

Wartung der Rechenzentrumsinfrastruktur

Aufschlüsselung der Infrastrukturwartung für 2023:

Wartungskategorie	Jährliche Kosten
Hardware-Reparaturen	$4,200,000
Kühlsysteme	$2,800,000
Netzwerkinfrastruktur	$1,600,000

Personal- und Betriebskosten

Personalaufwand für 2023:

• Gesamtzahl der Mitarbeiter: 87
• Jährliche Gesamtlohnsumme: 12.400.000 US-Dollar
• Durchschnittsgehalt: 142.529 $

Forschungs- und Entwicklungsinvestitionen

Einzelheiten zu den F&E-Ausgaben für 2023:

F&E-Schwerpunktbereich	Investitionsbetrag
Bergbaueffizienztechnologien	$3,500,000
Blockchain-Infrastruktur	$2,100,000

Mawson Infrastructure Group, Inc. (MIGI) – Geschäftsmodell: Einnahmequellen

Bitcoin-Mining-Belohnungen

Im vierten Quartal 2023 erzielte die Mawson Infrastructure Group einen Bitcoin-Mining-Umsatz von 28,2 Millionen US-Dollar. Das Unternehmen betrieb 3.124 Mining-Einheiten mit einer Gesamt-Hash-Rate von 3,8 Exahash pro Sekunde.

Metrisch	Wert
Insgesamt abgebauten Bitcoin	207,5 BTC
Durchschnittlicher Bergbauumsatz	136.000 US-Dollar pro Tag

Gebühren für Hosting- und Colocation-Services

Die Hosting-Dienste für digitale Infrastruktur von Mawson erwirtschafteten im Jahr 2023 einen Umsatz von 5,6 Millionen US-Dollar.

• Hosting-Kapazität: 60 Megawatt
• Durchschnittliche Colocation-Gebühr: 0,065 $ pro Kilowattstunde

Leasing digitaler Infrastruktur

Infrastrukturleasing trug im Jahr 2023 4,3 Millionen US-Dollar zum Umsatz des Unternehmens bei.

Leasingkategorie	Einnahmen
Leasing von Rechenzentren	2,1 Millionen US-Dollar
Leasing von Bergbauausrüstung	2,2 Millionen US-Dollar

Handel und Investitionen in Kryptowährungen

Die Handels- und Investitionsaktivitäten generierten für Mawson im Jahr 2023 einen Umsatz von 1,8 Millionen US-Dollar.

Beratung zur Technologieinfrastruktur

Die Beratungsdienste sorgten im Geschäftsjahr für zusätzliche Einnahmen in Höhe von 1,1 Millionen US-Dollar.

Art der Beratungsdienstleistung	Einnahmen
Blockchain-Beratung	$650,000
Beratung zur digitalen Infrastruktur	$450,000

Mawson Infrastructure Group, Inc. (MIGI) - Canvas Business Model: Value Propositions

You're looking at the core value Mawson Infrastructure Group, Inc. (MIGI) delivers to its customers and stakeholders as of late 2025. It's all about providing the foundational compute power needed for the digital economy, but doing it with an eye on sustainability and integration.

Carbon-aware digital infrastructure solutions using nuclear and other clean energy.

Mawson Infrastructure Group, Inc. positions its value around being a competitive provider of carbon-aware digital infrastructure solutions. A core part of this strategy is powering operations with carbon-free energy resources, which explicitly includes nuclear power, ensuring their compute platforms support growth sustainably. This focus on clean energy is a key differentiator in the market.

Scalable, vertically integrated platform for rapid deployment of compute capacity.

The platform is designed to be vertically integrated, which helps with efficiency and deployment speed. Operationally, Mawson Infrastructure Group, Inc. reports having 129 megawatts of capacity already online, with further expansion planned to reach 153 MW upon completion of the Ohio facility. This infrastructure supports a diversified set of high-demand compute applications.

Reliable digital colocation services for enterprise-level customers.

Mawson Infrastructure Group, Inc. offers reliable digital colocation, which involves hosting customer-owned equipment. This is evidenced by a new customer agreement executed in March 2025 for digital colocation services providing approximately 64 MW of compute capacity. The company has built its platform to be a multi-tenant environment across several enterprise-grade institutional customers.

Diversified compute services spanning AI, HPC, and digital assets.

The value proposition spans three high-growth sectors: Artificial Intelligence (AI), High-Performance Computing (HPC), and digital assets. The company has advanced its strategic initiatives by launching a GPU pilot program on a leading decentralized AI network, marking an expansion beyond just digital asset mining into advanced computing. The operating hash rate for digital assets mining saw a 31% year-over-year increase, reaching 4.98 EH/s as of early 2025.

Here's a quick look at the revenue breakdown from the most recent monthly data available, showing the shift in focus:

Revenue Segment	October 2025 Monthly Revenue	Year-over-Year Change (October 2025 vs. October 2024)
Digital Colocation Revenue	$1.6 million	Down 59%
Energy Management Revenue	$1.6 million	Up 191%
Digital Assets Mining Revenue	$0.1 million	Down 55%

Improved operational efficiency, driving Q3 2025 gross profit to $8.6 million.

The focus on operational improvements is clearly reflected in the profitability metrics for the third quarter of 2025. Mawson Infrastructure Group, Inc. achieved a preliminary third-quarter gross profit of $8.6 million, a significant 98% increase compared to $4.3 million in Q3 2024. This profit improvement occurred even as total Q3 2025 revenue was $13.2 million.

The year-to-date figures for the nine months ending September 30, 2025, also show this efficiency gain:

• YTD 2025 Gross Profit: $18.4 million, an 18% increase versus YTD 2024.
• YTD 2025 Net Loss: Narrowed to $8.0 million from $41.6 million in YTD 2024, an improvement of approximately 81%.
• Q3 2025 Net Income: The company returned to profitability with a net income of $0.3 million.

The operational shift is clear: margin recovery is driving the bottom line, even with a year-to-date revenue decline of 17% to $36.5 million for the nine-month period.

Mawson Infrastructure Group, Inc. (MIGI) - Canvas Business Model: Customer Relationships

You're looking at how Mawson Infrastructure Group, Inc. (MIGI) manages its relationships with the enterprises and miners that use its digital infrastructure. It's a mix of long-term, high-capacity commitments and ongoing operational support.

Enterprise-focused, long-term colocation service agreements form the backbone of the predictable revenue stream. The focus here is locking in significant compute capacity for extended periods, which is key for infrastructure stability. For instance, in Q1 2025, Mawson Infrastructure Group, Inc. executed a significant 3-year digital colocation customer agreement with Canaan Inc. for approximately 64 MW of compute capacity. This deal involved hosting about 17,453 latest-generation ASICs. This single agreement represented nearly 50% of Mawson Infrastructure Group, Inc.'s then-current operational footprint of 129 MW. Upon completion of this deployment, Mawson Infrastructure Group, Inc. expected to operate approximately 5.51 exahash per second (EH/s) in combined total operating hashrate across its facilities.

The success of these enterprise deals is reflected in the revenue growth; Digital colocation revenue increased 27% year-over-year in Q1 2025, reaching $10.4 million. Mawson Infrastructure Group, Inc.'s total operational capacity stood at 129 MW, with an additional 24 MW under development, targeting a total operating capacity of 153 MW upon completion.

Here are the key contract metrics from recent enterprise wins:

Metric	Canaan Inc. Agreement (Q1 2025)	January 2025 Agreement	AI/HPC Potential
Term Length	3 years	12 months	Not specified for initial
Capacity Secured	64 MW	20 MW	Initial 20 MW deployment
ASICs/Miners Hosted	Approx. 17,453 ASICs	5,880 miners	NVIDIA GPUs
Potential Expansion	Provisions for future expansion	Potential for future expansion	Potential expansion to 144 MW

Dedicated investor relations is maintained through clear communication channels and regular financial reporting. You can reach the Investor Relations Team directly at IR@mawsoninc.com. To keep stakeholders informed, Mawson Infrastructure Group, Inc. announced it expects to resume issuing monthly business and operational updates starting in December 2025. Furthermore, the company provides detailed financial context through SEC filings, such as the Form 10-Q filed on May 15, 2025, and the Form 10-K filed on March 28, 2025. For Q3 2025, total revenue was $13.2 million, with an income from operations of $1.6 million.

The shift toward complex workloads necessitates direct sales and technical support for complex AI/HPC infrastructure needs. This is evidenced by the strategic entry into AI/HPC markets. Mawson Infrastructure Group, Inc. signed an AI/HPC colocation business agreement for an initial 20 MW deployment of NVIDIA GPUs, which carries an additional Letter of Intent (LOI) for potential expansion up to 144 MW. This focus on AI/HPC is part of a strategy to diversify beyond digital assets.

The relationship with contractual relationships with digital asset self-mining operations is managed alongside the enterprise colocation business. Mawson Infrastructure Group, Inc. delivers both self-mining and colocation/hosting services. However, the self-mining segment shows significant volatility. For the month of October 2025, digital assets mining revenue from self-mining operations was $0.1 million. This represented a decrease of 55% year-over-year from October 2024 and a 62% decrease month-over-month from September 2025.

The company's customer relationship strategy involves maintaining specific contact points for different needs:

• Investor Contact: IR@mawsoninc.com
• Partnerships Contact: Partnerships@mawsoninc.com
• Media and Press Contact: mediarelations@mawsoninc.com

Finance: draft 13-week cash view by Friday.

Mawson Infrastructure Group, Inc. (MIGI) - Canvas Business Model: Channels

You're looking at how Mawson Infrastructure Group, Inc. (MIGI) gets its digital infrastructure services-AI, HPC, and digital asset hosting-into the hands of its customers. The channels are a mix of direct enterprise engagement and public financial communication. It's all about securing those big, long-term compute contracts and keeping the market informed.

Direct sales team targeting enterprise colocation customers

Mawson Infrastructure Group, Inc. clearly focuses its direct sales efforts on securing large, multi-year digital colocation agreements with enterprise clients. This isn't about small-scale retail; it's about locking down significant power and compute capacity. For instance, in the first quarter of 2025, they executed a deal with a publicly traded enterprise customer in March 2025 for an initial term of 3 years, covering about 64 MW of compute capacity, which translates to approximately 17,453 latest-generation ASICs. This followed another agreement in January 2025 with a NASDAQ-listed company for about 20 MW on an initial 12-month term. The success of this direct approach is reflected in the Q1 2025 Digital colocation revenue hitting $10.4 million, a 27% year-over-year increase. However, the channel showed some recent softness, with October 2025 Digital colocation revenue falling to $1.6 million, down 59% Y/Y.

Corporate website and investor relations portal for financial disclosures

For the financial community, Mawson Infrastructure Group, Inc. uses its corporate website, https://www.mawsoninc.com, and dedicated investor relations channels for official disclosures. You can reach their Investor Relations team directly at IR@mawsoninc.com. Transparency is a stated goal, with management announcing plans to resume monthly business and operational updates starting in December 2025. The company provides detailed quarterly results, such as the Q3 2025 report showing total revenue of $13.2 million and net income of $0.3 million for the quarter. Year-to-date 2025 revenue was $36.5 million, with a net loss attributed to common stockholders of $8.0 million.

Industry conferences and presentations (e.g., Emerging Growth Conference)

Industry events serve as a key channel for Mawson Infrastructure Group, Inc. to communicate strategy and secure future interest, especially as they pivot toward AI and HPC. Management confirmed they planned to present at the Emerging Growth Conference on December 11, 2025. These presentations are vital for reaching potential enterprise customers and investors who follow the digital infrastructure space. The company also uses its press release channel, with contacts listed for Media Relations at mediarelations@mawsoninc.com.

Direct facility operation and management for service delivery

The core delivery channel is Mawson Infrastructure Group, Inc.'s direct operation and management of its digital infrastructure assets, which are strategically located in the PJM market. This vertical integration is how they control service quality for their colocation customers. As of Q1 2025, the company reported a total current operational capacity of 129 MW, with an additional 24 MW under development, targeting a total of 153 MW upon completion. The Bellefonte, PA facility, a key operational site, had its lease extended for five years, running until December 31, 2030. The Energy Management segment, which supports these operations, saw Q1 2025 revenue of $3.1 million, a 24% Y/Y increase.

Here's a quick look at the capacity and revenue mix as of the latest reported periods:

Metric	Value/Period	Date/Context
Total Current Operational Capacity	129 MW	Q1 2025
Capacity Under Development	24 MW	Q1 2025
New Enterprise Colocation Capacity Secured	64 MW	March 2025 Agreement
Q1 2025 Digital Colocation Revenue	$10.4 million	Q1 2025
October 2025 Digital Colocation Revenue	$1.6 million	October 2025
Q3 2025 Total Revenue	$13.2 million	Q3 2025

What this estimate hides is the ongoing transition; while colocation revenue is a key focus, the October 2025 Energy management revenue was $1.6 million, showing a massive 191% year-over-year increase, suggesting this segment is a growing channel for service delivery too.

You should check the latest monthly update for December 2025 when it releases, as management committed to resuming those updates then. Finance: draft 13-week cash view by Friday.

Mawson Infrastructure Group, Inc. (MIGI) - Canvas Business Model: Customer Segments

You're looking at the core groups Mawson Infrastructure Group, Inc. (MIGI) serves as they pivot toward high-value compute. Here's the hard data on who is buying capacity right now, based on late 2025 reporting.

Enterprise customers requiring large-scale digital colocation services.

This segment is driving significant revenue growth, showing a clear shift in focus from pure-play mining. Digital colocation revenue in Q1 2025 was $10.4 million, representing a 27% year-over-year increase. Mawson Infrastructure Group, Inc. has expanded its platform to serve multiple enterprise-grade institutional customers, positioning itself as one of the largest among publicly-traded peers in this area. A major contract secured in March 2025 was with a publicly traded enterprise customer for an initial term of 3 years, providing digital colocation services for about 64 MW of compute capacity.

Key capacity metrics tied to these enterprise clients include:

• Total current operational capacity: 129 MW.
• Capacity under development (Ohio facility): an initial 24 MW, growing total capacity to 153 MW upon completion.
• A January 2025 agreement with a NASDAQ-listed company for approximately 20 MW.

High-Performance Computing (HPC) and Artificial Intelligence (AI) workload clients.

Mawson Infrastructure Group, Inc. is actively building out its infrastructure for these intensive compute applications. The company signed an agreement with an AI customer for an initial 20 MW deployment of NVIDIA GPUs, with a Letter of Intent (LOI) for potential expansion up to 144 MW. This positions the company to address critical compute capacity needs in the AI and HPC markets.

Digital asset miners seeking efficient, carbon-aware hosting solutions.

While the focus is shifting, digital asset mining remains a component, with Mawson Infrastructure Group, Inc. delivering self-mining operations alongside colocation/hosting. The operating hash rate increased 31% year-over-year to 4.98 EH/s as of the end of FY2024. However, the revenue contribution from this segment shows a decline relative to other areas; digital assets mining revenue from self-mining operations in October 2025 was $0.1 million, down 55% year-over-year from October 2024. The company emphasizes powering operations with carbon-free energy resources, including nuclear power, to support these compute platforms sustainably.

Financial markets and investors (NASDAQ: MIGI).

The financial community tracks Mawson Infrastructure Group, Inc. via its listing on the NASDAQ. The company demonstrated a successful transformation to profitability in Q3 2025, posting an income from operations of $1.6 million, compared to a loss of $11.4 million in Q3 2024. For the nine months ended September 30, 2025, the net loss attributed to common stockholders improved by 81% to $8.0 million from $41.6 million in the prior year period. The basic net income per share for Q3 2025 was $0.02.

Here's a quick look at the recent financial performance relevant to investor perception:

Metric	Q3 2025 Amount	YTD 2025 Amount	Comparison Point
Total Revenue	$13.2 million	$36.5 million	Q3 2024: $12.3 million; YTD 2024: $44.2 million
Gross Profit	$8.6 million	$18.4 million	Q3 2024: $4.3 million; YTD 2024: $15.6 million
Income from Operations	$1.6 million	-$4.4 million	Q3 2024: Loss of $11.4 million; YTD 2024: Loss of $25.8 million
Net Income / (Loss)	$0.3 million	-$8.0 million	Q3 2024: Loss of $12.2 million; YTD 2024: Loss of $41.6 million

Finance: draft 13-week cash view by Friday.

Mawson Infrastructure Group, Inc. (MIGI) - Canvas Business Model: Cost Structure

The Cost Structure for Mawson Infrastructure Group, Inc. centers heavily on the operational expenses required to power and maintain its high-density digital infrastructure assets across its U.S. footprint.

Significant power and energy costs are inherent to the business, given the operation of 129 MW of capacity already online as of early 2025, with further expansion planned to 153 MW. Mawson Infrastructure Group, Inc. emphasizes powering these operations with carbon-free energy resources, including nuclear power, which influences the structure of these energy-related expenditures.

The direct costs associated with generating revenue are substantial. Preliminary estimated Cost of Revenues for the nine months ended September 30, 2025, was approximately $18.1 million. This cost base resulted in a preliminary Gross Profit for the nine months ended September 30, 2025, of $18.4 million.

You should note the following key financial metrics that frame the overall cost environment for the nine months ended September 30, 2025:

• Preliminary Estimated Cost of Revenues (9 Months): $18.1 million
• Preliminary Gross Profit (YTD): $18.4 million
• Preliminary Net Loss (YTD): Narrowed to $8.0 million from $41.6 million in the prior year period
• Preliminary Net Loss (9 Months): Approximately $9.8 million

The table below summarizes the known financial components impacting the Cost Structure as of the nine months ended September 30, 2025:

Cost Element Category	Specific Metric	Amount (9 Months Ended Sept 30, 2025)
Direct Cost of Operations	Preliminary Estimated Cost of Revenues	$18.1 million
Operational Scale	Current Operational Capacity	129 MW
Facility Commitment	Bellefonte, PA Lease Extension End Date	December 31, 2030
Overhead Context	Preliminary Gross Profit	$18.4 million

Capital expenditure for building and maintaining digital infrastructure is an ongoing requirement to support the company's growth in AI and HPC. While specific CapEx figures for the period aren't explicitly detailed in the preliminary results, the expansion from 129 MW to a total operating capacity of 153 MW upon completion of development implies significant ongoing investment in physical assets.

Lease payments for facilities, such as the Bellefonte extension, represent fixed or semi-fixed commitments. The successful lease extension at Bellefonte, PA, running to December 31, 2030, locks in a cost component for the medium term, supporting the infrastructure for AI and digital assets.

General and administrative expenses, including technology and personnel costs, are part of the operating expenses Mawson Infrastructure Group, Inc. manages. Management noted that the reduction in overall operating expenses for the nine months ended September 30, 2025, was partially offset by an increase in selling, general and administrative costs. Technology costs are implicitly high due to the focus on next-generation platforms for AI and HPC workloads.

The cost structure is actively managed through operational efficiency, as evidenced by the preliminary gross profit margin improvement to 48% for the nine months of 2025, up from 35% in the prior year period. Finance: draft 13-week cash view by Friday.

Mawson Infrastructure Group, Inc. (MIGI) - Canvas Business Model: Revenue Streams

You're looking at how Mawson Infrastructure Group, Inc. (MIGI) is bringing in money as of late 2025. The revenue picture for October 2025 shows a mix, with some legacy segments softening but others showing significant upside as the company pivots its focus.

For the month of October 2025, the total unaudited revenue Mawson Infrastructure Group, Inc. reported was $3.3 million. This figure reflects a transitional period, as the company actively works to shift its revenue mix toward higher-growth computing sectors.

Here is the breakdown of the key revenue components for October 2025:

Revenue Stream	October 2025 Amount
Digital colocation revenue	$1.6 million
Energy management revenue	$1.6 million
Digital assets mining (self-mining) revenue	$0.1 million

Looking at the longer-term performance, the total revenue for the nine months of 2025 was $36.5 million. This compares to $44.2 million for the same period in 2024, representing a year-to-date decrease of 17%.

The shift in the business model is evident in the performance of the individual streams. While digital colocation revenue for October 2025 was $1.6 million, the energy management revenue also totaled $1.6 million for the same month, showing a substantial year-over-year increase of 191%. Self-mining revenue was the smallest contributor at $0.1 million for October 2025.

Mawson Infrastructure Group, Inc. is actively pursuing new sources to stabilize and grow its top line, moving beyond its historical reliance on digital asset mining. This strategic pivot is centered on leveraging its existing infrastructure, which includes operating with 129 megawatts of capacity.

The primary focus for new revenue generation involves the advancement of its AI/HPC services:

• New revenue from the GPU pilot program for Artificial Intelligence/High-Performance Computing services.
• The pilot program is an aggressive 100-day plan to gather performance data.
• The objective is to build a repeatable, scalable framework for AI cloud services.
• This diversification is intended to capture opportunities in the burgeoning AI and HPC markets.

The success of the GPU pilot program is critical; it is designed to build a path for Mawson Infrastructure Group, Inc. to expand its role as an infrastructure provider for these intensive compute applications.