Mawson Infrastructure Group Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 1, 2024
BGDE$3.26+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| For the Years Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| Revenues: | ||
| Digital currency mining revenue | $21,590,523 | $43,106,162 |
| Co-location revenue | 16,364,767 | 13,340,143 |
| Net energy benefits | 5,354,272 | 13,701,242 |
| Sale of equipment | 262,158 | 14,237,860 |
| Total revenues | 43,571,720 | 84,385,407 |
| Less: Cost of revenues (excluding depreciation) | 28,557,004 | 47,714,895 |
| Gross profit | 15,014,716 | 36,670,512 |
| Operating expenses: | ||
| Selling, general and administrative | 19,177,492 | 25,850,177 |
| Stock based compensation | 10,834,838 | 3,012,480 |
| Depreciation and amortization | 38,080,506 | 63,200,178 |
| Change in fair value of derivative asset | 7,241,883 | (11,299,971) |
| Total operating expenses | 75,334,719 | 80,762,864 |
| Loss from operations | (60,320,003) | (44,092,352) |
| Non-operating income (expense): | ||
| Losses on foreign currency transactions | (1,738,845) | (6,673,124) |
| Interest expense | (3,048,770) | (6,063,894) |
| Impairment of financial assets | (1,837,063) | (3,375,230) |
| Profit on sale of site | 3,353,130 | 8,276,440 |
| Gain on deconsolidation | 9,472,976 | - |
| Gain (loss) on sale of marketable securities | 1,437,230 | (4,807) |
| Other expenses | (396,691) | - |
| Fair value loss on investments | - | (1,694,388) |
| Other income | 517,918 | 2,406,362 |
| Loss on write off property, plant and equipment | - | (1,560,541) |
| Share of net loss of associates accounted for using the equity method | (36,356) | (1,254,025) |
| Total non-operating income (expense), net | 7,723,529 | (9,943,207) |
| Loss before income taxes | (52,596,474) | (54,035,559) |
| Income tax expenses | (5,948,619) | - |
| Net Loss | (58,545,093) | (54,035,559) |
| Less: Net (loss) gain attributable to non-controlling interests | 1,876,729 | (1,273,251) |
| Net Loss attributed to Mawson Infrastructure Group shareholders | $(60,421,822) | $(52,762,308) |
| Net Loss per share, basic & diluted | $(3.86) | $(4.16) |
| Weighted average number of shares outstanding | 15,659,241 | 12,695,654 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.