Mawson Infrastructure's Digital Colocation Revenue Surges 166% Y/Y
Monday, 16 September 2024, 10:57
Mawson Infrastructure's Impressive Revenue Growth
Mawson Infrastructure (MIGI) reported a total monthly revenue of $4.44 million for August, driven by its digital colocation business, which generated $3.43 million, marking an astounding 166% increase year-over-year. The revenue not only reflects substantial growth in demand for crypto services but also a 25% sequential rise from previous months.
Key Highlights of August Performance
- Digital colocation revenue: $3.43 million
- Y/Y growth: 166%
- Sequential growth: 25%
The strong performance underscores the growing importance of cryptocurrency infrastructure solutions in the current market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.