Mawson Infrastructure Group Inc. Posts October Revenue of $3.3M Amid Strategic Pivot

Mawson Infrastructure Group Inc. (NASDAQ: MIGI), the U.S.-based digital infrastructure provider serving AI, HPC, Bitcoin mining, and intensive compute sectors, released its October 2025 unaudited revenue figures, revealing a company at a crossroads as it executes a deliberate shift in operational focus.

Revenue Snapshot: Mixed Signals Across Business Lines

The infrastructure company generated $3.3 million in total revenue for October—a significant 30% decline year-over-year and a steeper 36% drop compared to September. However, the underlying composition tells a more nuanced story:

Digital colocation services took the hardest hit, sliding 59% YoY to $1.6 million, with month-over-month contraction reaching 56%. This segment traditionally anchored Mawson’s cash flow, making the pullback a notable marker of operational transition.

Conversely, energy management revenue surged 191% annually to $1.6 million, marking a 29% month-on-month increase. This expansion reflects management’s efforts to monetize power infrastructure capabilities beyond pure mining operations.

Self-mining operations generated a modest $0.1 million, down 55% YoY and 62% MoM, suggesting that Mawson Infrastructure Group Inc. is deliberately de-emphasizing direct Bitcoin mining in favor of higher-margin service offerings.

Strategic Repositioning: GPU Pilot and Bellefonte Operations

Kaliste Saloom, Interim CEO, framed October’s results within a broader transformation narrative. “At Mawson, transparency is central to our approach, and we remain committed to sharing both our progress and our challenges,” Saloom stated, acknowledging the transitional pressures while emphasizing strategic confidence.

The company’s GPU pilot program—a critical initiative advancing AI and HPC workload capabilities—remains on track. Combined with the extension of Mawson Infrastructure Group Inc.'s Bellefonte lease, management believes the foundation for diversified revenue streams is solidifying.

The pivot away from Bitcoin mining exclusivity toward AI and HPC markets represents a calculated bet that these segments offer superior long-term margin potential and market growth trajectories compared to commoditized crypto mining.

Looking Ahead: Infrastructure at Scale

With 129 megawatts of capacity already operational and additional capacity under development, Mawson Infrastructure Group Inc. is positioning itself as a carbon-conscious provider of digital infrastructure. The company’s vertically integrated model—combining self-operating capacity with enterprise colocation and hosting—aims to capture the accelerating demand for compute power across multiple verticals.

October’s financial results, while showing near-term pressures, appear consistent with management’s stated strategy: contract legacy revenue streams to fund next-generation service expansion. Whether this transition delivers the anticipated performance uplift remains a critical metric for investors tracking the infrastructure company’s evolution.