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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 12,316,017 $ 11,332,630 $ 44,199,445 $ 29,554,770
Less: Cost of revenues (excluding depreciation) 7,996,440 7,715,920 28,577,249 19,422,380
Gross profit 4,319,577 3,616,710 15,622,196 10,132,390
Selling, general and administrative 6,000,344 3,655,444 13,100,223 14,898,118
Stock based compensation 5,320,823 3,784,316 11,275,554 5,475,935
Depreciation and amortization 3,607,848 11,875,618 16,211,516 28,627,896
Change in fair value of derivative asset 789,146 520,838 878,096 6,646,363
Total operating expenses 15,718,161 19,836,216 41,465,389 55,648,312
Loss from operations (11,398,584) (16,219,506) (25,843,193) (45,515,922)
Non-operating income (expense):        
Losses on foreign currency transactions (352,375) (600,619) (474,210) (1,416,000)
Interest expense (801,625) (514,953) (2,289,150) (2,061,067)
Impairment of financial assets (1,837,063) (1,837,063)
Profit on sale of site 3,353,130
Gain on sale of marketable securities 1,437,230
Other expenses (443,537) (158,577) (29,800) (226,330)
Loss on deconsolidation (12,444,097)
Other income 119,526 309,209 245,694
Share of net loss of equity method investments (36,356)
Total non-operating income (expense), net (1,478,011) (3,111,212) (14,928,048) (540,762)
Loss before income taxes (12,876,595) (19,330,718) (40,771,241) (46,056,684)
Income tax benefit (expense) 648,857 (1,044,475) (2,304,454)
Net Loss (12,227,738) (19,330,718) (41,815,716) (48,361,138)
Less: Net loss attributable to non-controlling interests (283,101) (205,086) (867,590)
Net Loss attributed to Mawson Infrastructure Group stockholders $ (12,227,738) $ (19,047,617) $ (41,610,630) $ (47,493,548)
Net Loss per share, basic (in Dollars per share) $ (0.66) $ (1.15) $ (2.37) $ (3.1)
Net Loss per share, diluted (in Dollars per share) $ (0.66) $ (1.15) $ (2.37) $ (3.1)
Weighted average number of shares outstanding (in Shares) 18,519,572 16,500,833 17,529,342 15,336,653
Digital colocation revenue        
Revenues:        
Total revenues $ 9,518,696 $ 2,959,074 $ 25,884,176 $ 11,876,379
Energy management revenue        
Revenues:        
Total revenues 1,963,805 1,475,333 6,168,906 2,934,066
Digital mining revenue        
Revenues:        
Total revenues 833,516 6,898,223 11,596,363 14,550,744
Equipment Sales        
Revenues:        
Total revenues $ 550,000 $ 193,581