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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 10,551,535 $ 19,780,437 $ 18,222,142 $ 39,204,773
Less: Cost of revenues (excluding depreciation) 7,028,458 14,359,072 11,706,460 22,771,433
Gross profit 3,523,077 5,421,365 6,515,682 16,433,340
Selling, general and administrative 6,265,256 9,431,088 11,242,674 15,908,034
Stock based compensation 687,276 936,235 1,691,619 1,326,844
Depreciation and amortization 8,789,755 16,023,817 16,752,279 29,826,849
Change in fair value of derivative asset 5,444,300 (17,714,357) 6,125,525 (17,714,357)
Total operating expenses 21,186,587 8,676,783 35,812,097 29,347,370
Loss from operations (17,663,510) (3,255,418) (29,296,415) (12,914,030)
Non-operating income (expense):        
Losses on foreign currency transactions (397,165) 1,657,055 (815,382) 957,818
Interest expense (647,062) (1,565,040) (1,546,114) (2,801,713)
Impairment of financial assets (1,107,197) (1,107,197)
Profit on sale of site 2,562,283 3,353,130
Gain on sale of marketable securities 1,437,230
Other income 252,363 1,864,968 177,941 1,889,415
Share of net loss of equity method investments (36,356)
Total non-operating income (expense), net 1,770,419 849,786 2,570,449 (1,061,677)
Loss before income taxes (15,893,091) (2,405,632) (26,725,966) (13,975,707)
Income tax expense (1,756,371) (2,304,454)
Net Loss (17,649,462) (2,405,632) (29,030,420) (13,975,707)
Less: Net loss attributable to non-controlling interests (305,556) (288,229) (584,489) (522,648)
Net Loss attributed to Mawson Infrastructure Group stockholders $ (17,343,906) $ (2,117,403) $ (28,445,931) $ (13,453,059)
Net Loss per share, basic (in Dollars per share) $ (1.12) $ (0.18) $ (1.93) $ (1.12)
Weighted average number of shares outstanding (in Shares) 15,527,824 11,933,092 14,744,915 11,965,129
Digital currency mining revenue        
Revenues:        
Total revenues $ 4,896,521 $ 16,212,525 $ 7,652,521 $ 34,996,368
Hosting co-location revenue        
Revenues:        
Total revenues 4,594,752 3,567,912 8,917,306 4,116,860
Net energy benefits        
Revenues:        
Total revenues 1,017,678 1,458,734
Sale of equipment        
Revenues:        
Total revenues $ 42,584 $ 193,581 $ 91,545