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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 11,332,630 $ 28,328,426 $ 29,554,770 $ 67,533,199
Less: Cost of revenues (excluding depreciation) 7,715,920 18,183,524 19,422,380 40,954,957
Gross profit 3,616,710 10,144,902 10,132,390 26,578,242
Selling, general and administrative 3,655,444 5,001,553 14,898,118 20,882,237
Stock based compensation 3,784,316 797,830 5,475,935 2,124,674
Depreciation and amortization 11,875,618 16,252,106 28,627,896 46,061,673
Change in fair value of derivative asset 520,838 (3,669,547) 6,646,363 (21,383,904)
Total operating expenses 19,836,216 18,381,942 55,648,312 47,684,680
Loss from operations (16,219,506) (8,237,040) (45,515,922) (21,106,438)
Non-operating income (expense):        
Losses on foreign currency transactions (600,619) (7,320,412) (1,416,000) (6,362,594)
Interest expense (514,953) (1,559,104) (2,061,067) (4,360,817)
Impairment of financial assets (1,837,063) (1,837,063) (1,134,547)
Profit on sale of site 3,353,130
Gain on sale of marketable securities 1,437,230
Other expenses (158,577) (226,330)
Loss on re-classification to assets held for sale (4,195,046) (4,195,046)
Other income 59,819 245,694 1,931,952
Share of net loss of equity method investments (36,356)
Total non-operating income (expense), net (3,111,212) (13,014,743) (540,762) (14,121,052)
Loss before income taxes (19,330,718) (21,251,783) (46,056,684) (35,227,490)
Income tax expense (2,304,454)
Net Loss (19,330,718) (21,251,783) (48,361,138) (35,227,490)
Less: Net loss attributable to non-controlling interests (283,101) (389,801) (867,590) (912,449)
Net Loss attributed to Mawson Infrastructure Group stockholders $ (19,047,617) $ (20,861,982) $ (47,493,548) $ (34,315,041)
Net Loss per share, basic (in Dollars per share) $ (1.15) $ (1.58) $ (3.1) $ (2.77)
Weighted average number of shares outstanding (in Shares) 16,500,833 13,227,788 15,336,653 12,392,205
Digital currency mining revenue        
Revenues:        
Total revenues $ 6,898,223 $ 5,913,031 $ 14,550,744 $ 40,909,399
Co-location revenue        
Revenues:        
Total revenues 2,959,074 5,726,064 11,876,379 9,842,924
Net energy benefits        
Revenues:        
Total revenues $ 1,475,333 6,301,108 2,934,066 10,479,768
Sale of equipment        
Revenues:        
Total revenues   $ 10,388,223 $ 193,581 $ 6,301,108