XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 13,112,119 $ 10,551,535 $ 31,883,428 $ 18,222,142
Less: Cost of revenues (excluding depreciation) 8,794,642 7,028,458 20,580,810 11,706,460
Gross Profit 4,317,477 3,523,077 11,302,618 6,515,682
Selling, general and administrative 3,642,157 6,265,256 7,105,757 11,242,674
Stock based compensation [1] 1,053,248 687,276 5,954,731 1,691,619
Depreciation and amortization 4,604,334 8,789,755 12,595,980 16,752,279
Change in fair value of derivative asset 1,775,103 5,444,300 88,950 6,125,525
Total operating expenses 11,074,842 21,186,587 25,745,418 35,812,097
Loss from operations (6,757,365) (17,663,510) (14,442,800) (29,296,415)
Non-operating income/ (expense):        
Losses on foreign currency transactions (285,530) (397,165) (124,588) (815,382)
Interest expense (752,945) (647,062) (1,486,703) (1,546,114)
Profit on sale of site 2,562,283 3,353,130
Loss on deconsolidation (84,744) (12,010,652)
Gain or loss on sale of investments 1,437,230
Other costs (9,913) (19,687)
Other income 24,523 252,363 189,784 177,941
Share of net loss of equity method investments (36,356)
Total non-operating income/ (expense): (1,108,609) 1,770,419 (13,451,846) 2,570,449
Loss before income taxes (7,865,974) (15,893,091) (27,894,646) (26,725,966)
Income tax expenses (1,752,719) (1,756,371) (1,693,332) (2,304,454)
Net Loss (9,618,693) (17,649,462) (29,587,978) (29,030,420)
Loss attributable to noncontrolling interests (305,556) (205,086) (584,489)
Net Loss attributed to Mawson Infrastructure Group stockholders $ (9,618,693) $ (17,343,906) $ (29,382,892) $ (28,445,931)
Net Loss per share, basic (in Dollars per share) $ (0.55) $ (1.12) $ (1.73) $ (1.93)
Weighted average number of shares outstanding (in Shares) 17,412,862 15,527,824 17,028,786 14,744,915
Digital Assets mining revenue        
Revenues:        
Total revenues $ 3,248,084 $ 4,896,521 $ 10,762,847 $ 7,652,521
Hosting Co-location revenue        
Revenues:        
Total revenues 8,131,439 4,594,752 16,365,480 8,917,306
Net energy benefits        
Revenues:        
Total revenues 1,732,596 1,017,678 4,205,101 1,458,734
Sale of equipment        
Revenues:        
Total revenues $ 42,584 $ 550,000 $ 193,581
[1] Stock-based compensation expense in the consolidated, condensed unaudited statement of operations includes $5.95 million of stock-based compensation, less $0.93 million for surrendered shares.