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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Cryptocurrency mining revenue $ 5,913,031 $ 10,151,579 $ 40,909,399 $ 21,029,492
Hosting Co Location revenue 5,726,064 796,207 9,842,924 1,020,424
Sale of equipment 10,388,223 10,479,768 2,157,651
Net energy benefits 6,301,108 6,301,108
Total revenues 28,328,426 10,947,786 67,533,199 24,207,567
Less: Cost of revenues (excluding depreciation) 18,183,524 2,499,837 40,954,957 6,218,145
Gross profit 10,144,902 8,447,949 26,578,242 17,989,422
Selling, general and administrative 5,001,553 5,147,183 20,882,237 10,256,952
LO2A write backs 23,963,050
Share based payments 797,830 1,425,000 2,124,674 21,779,898
Depreciation and amortization 16,252,106 4,129,862 46,061,673 7,977,800
Total operating expenses 22,051,489 10,702,045 69,068,584 63,977,700
Change in fair value of derivative asset 3,669,547 21,383,904
Loss from operations (8,237,040) (2,254,096) (21,106,438) (45,988,278)
Non-operating income/(expense):        
Loss on foreign currency transactions (7,320,412) (360,187) (6,362,594) (1,082,649)
Interest expense (1,559,104) (362,900) (4,360,817) (1,077,599)
Impairment of financial assets (1,134,547)
Loss on re-classification to assets held for sale (Note 7) (4,195,046) (4,195,046)
Other income 59,819 32,431 1,931,952 502,673
Share of net loss of associates accounted for using the equity method (153,123) (277,817)
Loss before income taxes (21,251,783) (3,097,875) (35,227,490) (47,923,670)
Income tax expense
Net Loss (21,251,783) (3,097,875) (35,227,490) (47,923,670)
Less: Net loss attributable to non-controlling interests (389,801) (594,389) (912,449) (660,191)
Net Loss attributed to Mawson Infrastructure Group shareholders $ (20,861,982) $ (2,503,486) $ (34,315,041) $ (47,263,479)
Net Loss per share, basic & diluted (in Dollars per share) $ (0.27) $ (0.04) $ (0.47) $ (0.27)
Weighted average number of shares outstanding (in Shares) 79,366,725 72,952,466 74,353,227 174,470,310