tiprankstipranks
Mawson Infrastructure reports November revenue $4.91M, up 2%
The Fly

Mawson Infrastructure reports November revenue $4.91M, up 2%

Reports November digital relocation revenue $4.18M, up 111%. Reports November combined total current operating hash rate of 4.98 EH/s. Mawson Infrastructure (MIGI) announced its unaudited business and operational update for November. Rahul Mewawalla, CEO and president said, “We are pleased to deliver another month of growth across our businesses with our total monthly revenue increasing year-over-year and month-over-month, highlighted by significant growth in our digital colocation revenue of 111% year-over-year. Following our recent honor of ringing the NASDAQ Closing Bell in celebration of the Company’s transformation, we continue to advance our innovative approach to providing digital infrastructure platforms and solutions. Our synergistic business portfolio and our enhanced strategic, operational, and technological capabilities are expected to continue to be a competitive advantage for us moving forward.”

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App