Mawson Infrastructure Group Reports $8 Million Net Loss and 27% Revenue Decline for Q2 2025

Mawson Infrastructure Group Inc. reported a net loss of $8.0 million for the three months ended June 30, 2025, a decrease from a loss of $9.6 million in the same period last year. Total revenues for the quarter were $9.5 million, down from $13.1 million in the prior year, reflecting a 27% decline. The decrease in revenue was primarily driven by a significant drop in digital colocation revenue, which fell 55% to $3.7 million, and a 77% decrease in digital assets mining revenue, which totaled $0.7 million. In contrast, energy management revenue surged 196% to $5.1 million, attributed to enhanced energy management programs and increased participation due to higher energy prices.

For the six months ended June 30, 2025, Mawson reported total revenues of $23.3 million, down from $31.9 million in the same period of 2024. The company experienced a 14% decline in digital colocation revenue and a dramatic 90% drop in digital assets mining revenue, which was impacted by the April 2024 halving event and increased network difficulty. However, energy management revenue nearly doubled, reaching $8.2 million, reflecting the company's strategic focus on adapting its power usage to market demands.

Operationally, Mawson's total current assets decreased to $19.0 million as of June 30, 2025, from $26.0 million at the end of 2024, while current liabilities slightly decreased to $59.3 million from $61.9 million. The company reported a negative working capital of $40.3 million and an accumulated deficit of $237.1 million. The cash position also declined to $3.2 million from $6.1 million at the end of the previous fiscal year. The company’s employee headcount and customer base have been affected by ongoing strategic shifts, including a focus on North American operations and the liquidation of its Australian subsidiaries.

Mawson's management has indicated that the company is exploring various avenues to enhance liquidity, including expanding its digital infrastructure platform and engaging in discussions with capital providers for potential equity and debt financing. The company is also assessing operational improvements and evaluating strategic transactions to optimize expenses and enhance revenue. Looking ahead, Mawson faces significant challenges, including the need to address its debt obligations and maintain compliance with Nasdaq listing requirements, as it continues to navigate a volatile market environment.