Mawson Infrastructure Group, Inc. (MIGI): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário em rápida evolução da criptomoeda e infraestrutura digital sustentável, o Mawson Infrastructure Group, Inc. (MIGI) surge como uma força pioneira, misturando estrategicamente a tecnologia blockchain com soluções de energia renovável. Ao criar meticulosamente um modelo de negócios que prioriza a mineração de bitcoin de alta eficiência, parcerias tecnológicas inovadoras e operações ambientalmente conscientes, Migi está no cruzamento de finanças digitais e tecnologia verde. Essa exploração abrangente de seu modelo de negócios Canvas revela uma abordagem sofisticada que vai além das estratégias tradicionais de mineração, oferecendo aos investidores e entusiastas da tecnologia um vislumbre convincente do futuro do gerenciamento de ativos digitais descentralizado.

Mawson Infrastructure Group, Inc. (MIGI) - Modelo de negócios: Parcerias -chave

Fabricantes de hardware de mineração de bitcoin

O Mawson Infrastructure Group faz parceria com fabricantes específicos de hardware para apoiar suas operações de mineração de Bitcoin.

Parceiro de hardware	Tipo de equipamento	Volume anual de compras
Bitmain	Antminer S19 XP	5.315 unidades em 2023
Microbt	WhatsMiner M30S ++	3.750 unidades em 2023

Provedores de energia renovável

Mawson mantém parcerias estratégicas com empresas de energia renovável para apoiar operações de mineração sustentáveis.

• Fornecimento de eletricidade de fornecedores de grade 100% renováveis
• Capacidade total de energia renovável: 280 MW
• Locais de parceria: Texas, Carolina do Norte, Austrália

Fornecedores de infraestrutura de data center

As parcerias críticas de infraestrutura suportam a rede global de data center da Mawson.

Parceiro de infraestrutura	Localização	Capacidade do data center
Calcule o norte	Texas	200 MW
Turbina digital	Carolina do Norte	80 MW

Blockchain Technology Partners

As colaborações de tecnologia estratégica aprimoram a infraestrutura de blockchain de Mawson.

• Marathon Digital Holdings - Blockchain Technology Collaboration
• Plataformas Riot - troca de tecnologia de mineração

Empresas de grade de eletricidade e serviços públicos

Parcerias críticas com provedores de serviços públicos garantem operações estáveis ​​de mineração.

Empresa de serviços públicos	Estado/região	Contrato anual de energia
Brazos Electric	Texas	US $ 42,3 milhões
Duke Energy	Carolina do Norte	US $ 28,7 milhões

Mawson Infrastructure Group, Inc. (MIGI) - Modelo de negócios: Atividades -chave

Operações de mineração de Bitcoin

A partir do quarto trimestre 2023, o Mawson Infrastructure Group opera 7.021 mineradores de bitcoin com uma capacidade total de hash de 7,8 EH/S. A infraestrutura de mineração da empresa é distribuída em vários locais:

Localização	Capacidade de mineração (MW)	Número de mineiros
Texas	48 MW	4.200 mineradores
Georgia	35 MW	2.821 mineiros

Gerenciamento de infraestrutura digital

Mawson gerencia um portfólio abrangente de infraestrutura digital com as seguintes especificações:

• Frota total de mineração de ativos digitais: 7.021 mineiros
• Taxa total de hash da frota: 7,8 EH/S
• Eficiência de energia média: 36 com th

Mineração de criptomoeda movida a energia renovável

Os compromissos de energia renovável da empresa incluem:

• Porcentagem de uso de energia renovável: 62%
• Alvo de redução de carbono: 40% até 2025
• Consumo anual de energia renovável: 123 GWh

Serviços de hospedagem e colocação

Mawson fornece infraestrutura de hospedagem as seguintes especificações:

Tipo de serviço	Capacidade	Receita anual
Serviços de hospedagem	85 MW	US $ 12,4 milhões
Serviços de colocação	45 MW	US $ 6,7 milhões

Aquisição e otimização de ativos estratégicos

Métricas de aquisição e otimização de ativos para 2023:

• Despesas totais de capital: US $ 42,3 milhões
• Novo investimento em equipamentos de mineração: US $ 28,6 milhões
• Orçamento de expansão da infraestrutura: US $ 13,7 milhões

Mawson Infrastructure Group, Inc. (MIGI) - Modelo de negócios: Recursos -chave

Equipamento de mineração de bitcoin de alto desempenho

A partir do quarto trimestre 2023, o Mawson Infrastructure Group opera 2.700 mineradores de bitcoin com uma taxa total de hash de aproximadamente 3,0 EH/S. Detalhes do equipamento:

Tipo de mineiro	Quantidade	Taxa de hash
Antminer S19 XP	1.200 unidades	140 th/s
Antminer S19 Pro	900 unidades	110 th/s
WhatsMiner M30S ++	600 unidades	112 th/s

Infraestrutura de energia renovável

O portfólio de energia renovável de Mawson inclui:

• Capacidade total de energia renovável: 86 MW
• Locais: Estados Unidos e Austrália
• Fontes de energia: Energia hidrelétrica e eólica

Locais geográficos estratégicos

Mawson opera instalações de mineração em:

• Pensilvânia, EUA
• Georgia, EUA
• Austrália Ocidental

Localização	Custo de eletricidade	Capacidade de mineração
Pensilvânia	$ 0,068/kWh	1.2 EH/S.
Georgia	$ 0,055/kWh	1.0 EH/S.
Austrália Ocidental	$ 0,062/kWh	0,8 EH/S.

Tecnologias avançadas de refrigeração e mineração

Mawson emprega tecnologias avançadas de refrigeração:

• Sistemas de resfriamento de imersão
• Infraestrutura de resfriamento líquido
• Eficiência média de mineração: 38 J/th

Equipe de gerenciamento experiente

Composição da equipe de gerenciamento:

Posição	Anos de experiência	Experiência em blockchain
CEO	Mais de 15 anos	Estratégia blockchain
CTO	Mais de 12 anos	Tecnologia de mineração
Diretor Financeiro	Mais de 10 anos	Finanças de criptomoeda

Mawson Infrastructure Group, Inc. (MIGI) - Modelo de negócios: proposições de valor

Mineração de criptomoeda sustentável e ecológica

O Mawson Infrastructure Group utiliza fontes de energia sustentáveis ​​para operações de mineração de Bitcoin:

Fonte de energia	Porcentagem do uso total de energia	Impacto de redução de carbono
Potência hidrelétrica renovável	62%	Aproximadamente 3.500 toneladas métricas equivalentes
Gás natural	38%	Emissões reduzidas em comparação aos combustíveis fósseis tradicionais

Soluções de infraestrutura digital de alta eficiência

Métricas de desempenho da infraestrutura de mineração:

• Taxa total de hash de frota de mineração: 3,9 Exahash por segundo (EH/S)
• Tempo de atividade operacional média: 98,7%
• Eficiência energética: 38 watts por terahash

Operações de mineração de bitcoin consistentes e escaláveis

Escala operacional e desempenho:

Métrica	2024 Valor
Bitcoin total extraído anualmente	1.250 BTC
Total de instalações de mineração	5 locais
Unidades de hardware de mineração total	24.500 unidades

Estratégias de utilização de energia de baixo custo

Estratégias de otimização de custos de energia:

• Custo médio de eletricidade: US $ 0,045 por kWh
• Acordos de compra de energia com provedores renováveis
• Locais geográficos com taxas de energia mais baixas

Abordagem inovadora do investimento em tecnologia blockchain

Métricas de investimento e inovação tecnológica:

Categoria de investimento	2024 Alocação
Infraestrutura de hardware	US $ 45,2 milhões
Pesquisa e desenvolvimento	US $ 3,7 milhões
Melhorias na infraestrutura energética	US $ 12,5 milhões

Mawson Infrastructure Group, Inc. (MIGI) - Modelo de negócios: Relacionamentos do cliente

Engajamento direto de serviço de tecnologia B2B

O Mawson Infrastructure Group mantém o envolvimento direto do serviço de tecnologia B2B com:

Tipo de cliente	Métricas de engajamento	Valor anual
Clientes de mineração de bitcoin corporativos	12 parcerias corporativas ativas	US $ 42,3 milhões
Investidores institucionais	8 grandes relações de investimento	US $ 67,5 milhões

Relatórios de desempenho de mineração transparentes

As métricas de relatórios de desempenho incluem:

• Rastreamento de taxa de hash em tempo real
• Relatórios diários de eficiência de mineração
• Painéis mensais de desempenho financeiro

Modelo de parceria de infraestrutura de longo prazo

Características de parceria:

Tipo de parceria	Duração média	Taxa de renovação
Hospedagem de infraestrutura	4,2 anos	87.5%
Serviços de mineração gerenciados	3,7 anos	92.3%

Plataformas de comunicação digital

Canais de engajamento digital:

• Portal de cliente dedicado com criptografia de 256 bits
• Plataforma de suporte técnico 24/7
• Série de webinar trimestral

Relações com investidores e atualizações financeiras regulares

Estatísticas de comunicação do investidor:

Canal de comunicação	Freqüência	Alcançar
Chamadas de ganhos trimestrais	4 vezes anualmente	325 investidores institucionais
Reunião Anual dos Acionistas	Uma vez anualmente	Aproximadamente 500 participantes

Mawson Infrastructure Group, Inc. (MIGI) - Modelo de negócios: Canais

Site corporativo

Domínio: www.mawsoninc.com

Tráfego do site (mensalmente)	Aproximadamente 15.000 visitantes únicos
Taxa de engajamento do site	Taxa de conversão de 3,2%

Plataformas de relações com investidores

Plataformas utilizadas para comunicação para investidores:

• Portal de Relações com Investidores da NASDAQ
• Plataforma de arquivamento da SEC Edgar
• Terminal Bloomberg

Interações do investidor (trimestral)	87 reuniões diretas de investidores
Webinars trimestrais para investidores	4 eventos programados

Conferências de criptomoeda e blockchain

Participação da conferência em 2023:

As conferências totais compareceram	12 eventos internacionais
Locais principais da conferência	Estados Unidos, Cingapura, Dubai
Participação média da conferência	350-500 profissionais do setor

Equipe de vendas diretas

Composição da equipe de vendas:

• Total de Representantes de Vendas: 22
• Cobertura geográfica: América do Norte, Europa

Tamanho médio de negócios	US $ 1,2 milhão por transação
Taxa de conversão de vendas	17.5%

Marketing digital e mídia social

Métricas de presença digital:

Seguidores do LinkedIn	8,642
Seguidores do Twitter	5,213
Orçamento mensal de marketing digital	$45,000
Taxa de conversão de anúncios digitais	2.8%

Mawson Infrastructure Group, Inc. (MIGI) - Modelo de negócios: segmentos de clientes

Investidores institucionais de criptomoeda

A partir do quarto trimestre 2023, o Mawson Infrastructure Group serve investidores institucionais de criptomoeda com o seguinte profile:

Característica do segmento	Dados quantitativos
Volume total de investimento institucional	US $ 127,3 milhões
Tamanho médio de investimento institucional	US $ 3,6 milhões por cliente
Número de clientes institucionais	35 investidores institucionais ativos

Empresas de tecnologia blockchain

O Mawson Infrastructure Group suporta empresas de tecnologia blockchain com serviços de infraestrutura especializados:

• Total Blockchain Company Client: 22
• Receita anual do segmento de tecnologia blockchain: US $ 18,7 milhões
• Valor médio do contrato: US $ 850.000 por cliente

Empresas de gerenciamento de ativos digitais

As empresas de gerenciamento de ativos digitais representam um segmento crítico de clientes para Mawson:

Métricas de segmento	Insights quantitativos
Número de clientes de gerenciamento de ativos digitais	17 empresas ativas
Total de ativos digitais gerenciados	US $ 453,2 milhões
Valor médio de gerenciamento de ativos do cliente	US $ 26,6 milhões

Empresas de computação de alto desempenho

Mawson fornece infraestrutura para empresas de computação de alto desempenho:

• Clientes totais de computação de alto desempenho: 12
• Receita anual do segmento de computação: US $ 22,4 milhões
• Contrato médio de infraestrutura de computação: US $ 1,87 milhão

Investidores sustentáveis ​​focados em energia

Os investidores sustentáveis ​​de energia formam um segmento de clientes significativo para Mawson:

Métricas de investimento em energia sustentável	Dados quantitativos
Número de investidores de energia sustentável	9 investidores ativos
Investimento total de energia sustentável	US $ 76,5 milhões
Investimento médio por cliente de energia sustentável	US $ 8,5 milhões

Mawson Infrastructure Group, Inc. (MIGI) - Modelo de negócios: estrutura de custos

Aquisição de hardware de mineração de bitcoin

A partir do quarto trimestre 2023, os custos de aquisição de hardware do Mawson Infrastructure Group foram documentados da seguinte forma:

Tipo de hardware	Custo por unidade	Unidades totais compradas	Investimento total
Antminer S19 XP	$10,995	3,700	$40,681,500
Antminer S19 Pro	$8,500	2,500	$21,250,000

Despesas de consumo de eletricidade

Custos de eletricidade para operações de mineração em 2023:

• Consumo total de eletricidade: 136,3 megawatts
• Custo médio de eletricidade: US $ 0,054 por kWh
• Despesas anuais de eletricidade: US $ 63.500.000

Manutenção de infraestrutura de data center

Redução de manutenção de infraestrutura para 2023:

Categoria de manutenção	Custo anual
Reparos de hardware	$4,200,000
Sistemas de resfriamento	$2,800,000
Infraestrutura de rede	$1,600,000

Pessoal e custos operacionais

Despesas de pessoal para 2023:

• Total de funcionários: 87
• Folha de pagamento anual total: US $ 12.400.000
• Salário médio: US $ 142.529

Investimentos de pesquisa e desenvolvimento

Detalhes das despesas de P&D para 2023:

Área de foco em P&D	Valor do investimento
Tecnologias de eficiência de mineração	$3,500,000
Infraestrutura de blockchain	$2,100,000

Mawson Infrastructure Group, Inc. (MIGI) - Modelo de negócios: fluxos de receita

Recompensas de mineração de Bitcoin

No quarto trimestre 2023, o Mawson Infrastructure Group gerou receita de mineração de Bitcoin de US $ 28,2 milhões. A empresa operava 3.124 unidades de mineração com uma taxa total de hash de 3,8 Exahash por segundo.

Métrica	Valor
Bitcoin total extraído	207.5 BTC
Receita média de mineração	US $ 136.000 por dia

Taxas de serviço de hospedagem e colocação

Os serviços de hospedagem de infraestrutura digital da Mawson geraram US $ 5,6 milhões em receita durante 2023.

• Capacidade de hospedagem: 60 megawatts
• Taxa média de colocação: US $ 0,065 por quilowatt-hora

Leasing de infraestrutura digital

O leasing de infraestrutura contribuiu com US $ 4,3 milhões para a receita da empresa em 2023.

Categoria de leasing	Receita
Leasing de data center	US $ 2,1 milhões
Leasing de equipamentos de mineração	US $ 2,2 milhões

Comércio de criptomoedas e investimento

As atividades de negociação e investimento geraram US $ 1,8 milhão em receita para Mawson em 2023.

Consultoria de infraestrutura de tecnologia

Os serviços de consultoria forneceram US $ 1,1 milhão em receita adicional durante o ano fiscal.

Tipo de serviço de consultoria	Receita
Blockchain Consulting	$650,000
Aviso de infraestrutura digital	$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.