Big Digital Energy, Inc. (formerly Mawson Infrastructure Group Inc.) reported significant financial changes in its latest quarterly filing for the period ending March 31, 2026. The company generated total revenues of $4.82 million, a substantial decrease of 65% from $13.81 million in the same period last year. This decline was primarily driven by a 66% drop in digital colocation revenue, which fell to $3.51 million from $10.43 million, largely due to a reduction in customer numbers and contract sizes. Energy management revenue also decreased by 61% to $1.19 million, while digital assets mining revenue dropped to $119,420 from $320,625.
The company's operating expenses rose to $9.16 million from $5.35 million year-over-year, reflecting increased selling, general, and administrative costs, which were up 32% to $7.62 million. Notably, stock-based compensation expenses decreased significantly to $426,362 from $2.1 million, indicating a reduction in new award issuances. Despite these challenges, Big Digital reported a net income of $609,803 for the quarter, a turnaround from a net loss of $310,863 in the prior year, aided by a $10.16 million gain from legal settlements.
Operationally, the company has been focusing on enhancing its digital infrastructure capabilities, particularly in artificial intelligence (AI) and high-performance computing (HPC). As of March 31, 2026, Big Digital managed digital infrastructure platforms with a total capacity of approximately 129 megawatts. The company has also entered into a Joint Mining Agreement with Big Digital Energy LLC, aiming to optimize its operations and generate revenue through a profit-sharing structure.
In terms of liquidity, Big Digital's cash and cash equivalents plummeted to $2.44 million from $13.27 million at the end of 2025. The company reported negative working capital of $22.8 million and total liabilities of $44.05 million. The company is actively exploring various avenues to enhance liquidity, including potential equity raises and strategic partnerships. Looking ahead, Big Digital acknowledges the need for substantial additional capital to support its operations and meet debt obligations, emphasizing the importance of optimizing cash flows and operational efficiencies to navigate the current market conditions.
About Mawson Infrastructure Group Inc.
Mawson Infrastructure Group Inc. develops and operates digital infrastructure platforms for AI, high-performance computing, and digital asset mining. It offers colocation services, energy management, and Bitcoin mining in strategically located data centers powered by renewable energy. The company targets enterprise clients and digital asset markets, leveraging energy-efficient technology and grid stability programs to provide scalable, sustainable computing solutions in a highly competitive industry.
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