2023 Q2 Form 10-Q Financial Statement
#000121390023039728 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
Revenue | $10.55M | $7.671M | $16.85M |
YoY Change | -46.66% | -60.51% | -14.26% |
Cost Of Revenue | $7.028M | $4.678M | $6.760M |
YoY Change | -51.05% | -44.39% | 83.39% |
Gross Profit | $3.523M | $2.993M | $10.09M |
YoY Change | -35.01% | -72.82% | -36.8% |
Gross Profit Margin | 33.39% | 39.01% | 59.89% |
Selling, General & Admin | $6.265M | $4.977M | $5.856M |
YoY Change | -33.57% | -27.52% | 7.69% |
% of Gross Profit | 177.83% | 166.32% | 58.02% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $8.790M | $7.963M | $17.14M |
YoY Change | -45.14% | -42.32% | 179.31% |
% of Gross Profit | 249.49% | 266.07% | 169.82% |
Operating Expenses | $21.19M | $14.69M | $22.99M |
YoY Change | -19.72% | -28.94% | 98.68% |
Operating Profit | -$17.66M | -$11.70M | -$12.90M |
YoY Change | 442.59% | 21.1% | -393.54% |
Interest Expense | $647.1K | $835.1K | -$15.05M |
YoY Change | -58.66% | -143.14% | 849.54% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.770M | $864.0K | $469.6K |
YoY Change | -5.07% | 3433.64% | 17.41% |
Pretax Income | -$15.89M | -$10.83M | -$18.81M |
YoY Change | 560.66% | -6.37% | -786.5% |
Income Tax | $1.756M | $548.1K | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$17.34M | -$11.10M | -$18.45M |
YoY Change | 620.97% | -2.06% | -902.14% |
Net Earnings / Revenue | -164.37% | -144.73% | -109.46% |
Basic Earnings Per Share | -$1.12 | -$0.80 | |
Diluted Earnings Per Share | -$1.12 | -$0.80 | -$1.36 |
COMMON SHARES | |||
Basic Shares Outstanding | 16.21M shares | 14.13M shares | 81.57M shares |
Diluted Shares Outstanding | 13.95M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.607M | $1.387M | $4.190M |
YoY Change | 124.84% | -76.1% | -23.36% |
Cash & Equivalents | $5.607M | $1.387M | $946.3K |
Short-Term Investments | $3.244M | ||
Other Short-Term Assets | $3.585M | $7.406M | $8.935M |
YoY Change | -32.82% | 275.93% | 2295.74% |
Inventory | |||
Prepaid Expenses | $3.585M | $1.931M | $3.489M |
Receivables | $6.404M | $7.950M | $10.46M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $15.60M | $16.74M | $20.34M |
YoY Change | 29.51% | 30.61% | 77.68% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $78.53M | $84.56M | $91.02M |
YoY Change | -47.27% | -43.24% | 18.3% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $7.168M | $12.63M | $16.63M |
YoY Change | -62.96% | 3650.18% | 4988.53% |
Other Assets | $424.1K | $224.1K | $2.524M |
YoY Change | -89.79% | -94.16% | |
Total Long-Term Assets | $89.17M | $99.99M | $113.0M |
YoY Change | -50.4% | -34.71% | -15.58% |
TOTAL ASSETS | |||
Total Short-Term Assets | $15.60M | $16.74M | $20.34M |
Total Long-Term Assets | $89.17M | $99.99M | $113.0M |
Total Assets | $104.8M | $116.7M | $133.3M |
YoY Change | -45.39% | -29.67% | -8.24% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $25.34M | $24.18M | $10.57M |
YoY Change | -46.14% | 72.76% | 36.47% |
Accrued Expenses | $1.650M | $1.398M | $166.7K |
YoY Change | 13.63% | -0.88% | -86.37% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $20.87M | $22.94M | $23.61M |
YoY Change | 7.19% | 43.07% | 112.8% |
Long-Term Debt Due | $31.86K | $31.28K | $30.70K |
YoY Change | 7.49% | 8.01% | 278.55% |
Total Short-Term Liabilities | $47.89M | $48.55M | $35.51M |
YoY Change | -29.57% | 54.27% | 76.92% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $67.00K | $75.19K | $4510B |
YoY Change | -99.66% | -99.72% | 58736550.45% |
Other Long-Term Liabilities | $1.479M | $1.371M | $17.06M |
YoY Change | -54.06% | -61.06% | 475.69% |
Total Long-Term Liabilities | $1.546M | $1.446M | $4510B |
YoY Change | -93.2% | -95.27% | 42382417.32% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $47.89M | $48.55M | $35.51M |
Total Long-Term Liabilities | $1.546M | $1.446M | $4510B |
Total Liabilities | $49.44M | $50.00M | $57.16M |
YoY Change | -45.51% | -18.89% | 86.11% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$150.7M | -$133.4M | -$122.3M |
YoY Change | 81.67% | 71.9% | |
Common Stock | $16.46K | $14.13K | $13.63K |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $56.77M | $67.88M | $77.07M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $104.8M | $116.7M | $133.3M |
YoY Change | -45.39% | -29.67% | -8.24% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$17.34M | -$11.10M | -$18.45M |
YoY Change | 620.97% | -2.06% | -902.14% |
Depreciation, Depletion And Amortization | $8.790M | $7.963M | $17.14M |
YoY Change | -45.14% | -42.32% | 179.31% |
Cash From Operating Activities | -$5.509M | $1.317M | -$10.88M |
YoY Change | -120.19% | -77.55% | -174.47% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.703M | $3.149M | $12.86M |
YoY Change | -107.25% | -110.62% | -120.07% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $8.401M | $7.218M | $35.79M |
YoY Change | -1987.35% | ||
Cash From Investing Activities | $6.698M | $4.069M | $22.93M |
YoY Change | -128.51% | -113.72% | -134.74% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $5.398M | ||
YoY Change | |||
Cash From Financing Activities | 3.043M | -$4.936M | -12.25M |
YoY Change | -176.62% | -121.02% | -151.43% |
NET CHANGE | |||
Cash From Operating Activities | -5.509M | $1.317M | -10.88M |
Cash From Investing Activities | 6.698M | $4.069M | 22.93M |
Cash From Financing Activities | 3.043M | -$4.936M | -12.25M |
Net Change In Cash | 4.231M | $441.1K | -212.6K |
YoY Change | -2399.95% | -242.04% | -99.23% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.509M | $1.317M | -$10.88M |
Capital Expenditures | $1.703M | $3.149M | $12.86M |
Free Cash Flow | -$7.212M | -$1.832M | -$23.75M |
YoY Change | -114.2% | -105.16% | -130.17% |
Facts In Submission
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Document Type
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10-Q | |
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2023-03-31 | |
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2023 | |
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Mawson Infrastructure Group Inc. | |
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201 Clark Street | |
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|
-11570074 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
548083 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-11380958 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-11570074 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-278933 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-234419 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11102025 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11335655 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.8 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.96 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13953308 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11854946 | shares |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-11380958 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-11570074 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
131733 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
583309 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-11249225 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-10986765 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-278933 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-234419 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-10970292 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-10752346 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
76166120 | usd |
CY2023Q1 | migi |
Issuance Of Common Stock Net Of Offer Costs Pipe Transaction
IssuanceOfCommonStockNetOfOfferCostsPIPETransaction
|
647973 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
500500 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
196774 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
471379 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-11380958 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
131733 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
66733521 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
114580589 | usd |
CY2022Q1 | migi |
Issuance Of Common Stock Net Of Offer Costs Pipe Transaction
IssuanceOfCommonStockNetOfOfferCostsPIPETransaction
|
107749 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
166833 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-11380958 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-11570074 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
7962523 | usd |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
13804492 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
338781 | usd |
CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
367135 | usd |
CY2023Q1 | migi |
Gain Loss Foreign Exchange
GainLossForeignExchange
|
-386952 | usd |
CY2023Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
1068288 | usd |
CY2022Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
390609 | usd |
CY2023Q1 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
439635 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-681225 | usd |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-249861 | usd |
CY2023Q1 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
1437230 | usd |
CY2023Q1 | us-gaap |
Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
|
-36122 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-77603 | usd |
CY2023Q1 | migi |
Loss On Write Off Of Property And Equipment
LossOnWriteOffOfPropertyAndEquipment
|
118933 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-981569 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-562626 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-340156 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-3829172 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
4187204 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-1445868 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
6248314 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1316591 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5865759 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3148946 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6030740 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1010692 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
6207548 | usd |
CY2022Q1 | migi |
Payment Of Property And Equipment Deposits
PaymentOfPropertyAndEquipmentDeposits
|
23630470 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
4069294 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-29661210 | usd |
CY2023Q1 | migi |
Proceeds From Issuance Of Shares And Warrants
ProceedsFromIssuanceOfSharesAndWarrants
|
471379 | usd |
CY2022Q1 | migi |
Proceeds From Issuance Of Shares And Warrants
ProceedsFromIssuanceOfSharesAndWarrants
|
50628 | usd |
CY2022Q1 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
27055524 | usd |
CY2023Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
9543 | usd |
CY2022Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
379026 | usd |
CY2023Q1 | migi |
Payments Of Borrowings
PaymentsOfBorrowings
|
5397550 | usd |
CY2022Q1 | migi |
Payments Of Borrowings
PaymentsOfBorrowings
|
3242194 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4935714 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
23484932 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-9110 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
648104 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
441061 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
337585 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
946265 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5467273 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1387326 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5804858 | usd |
CY2023Q1 | migi |
Recognition Of Right Of Use Operating Asset And Lease Liability
RecognitionOfRightOfUseOperatingAssetAndLeaseLiability
|
82879 | usd |
CY2023Q1 | us-gaap |
Stock Issued1
StockIssued1
|
276959 | usd |
CY2023Q1 | us-gaap |
Impaired Intangible Asset Description
ImpairedIntangibleAssetDescription
|
Mawson owned 23,332 Application-Specific Integrated Circuit (“ASIC”) computers known as “Miners,” specifically focused on the SHA-256 algorithm. | |
CY2023Q1 | us-gaap |
Change In Reporting Entity Other Comprehensive Income Loss After Tax
ChangeInReportingEntityOtherComprehensiveIncomeLossAfterTax
|
11380000 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
31810000 | usd |
CY2023Q1 | us-gaap |
Assets Net
AssetsNet
|
66730000 | usd |
CY2023Q1 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
133360000 | usd |
CY2023Q1 | us-gaap |
Cash Available For Distributions
CashAvailableForDistributions
|
1390000 | usd |
CY2022Q2 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
100000000 | usd |
CY2023Q1 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Purchases
VariableInterestEntityActivityBetweenVIEAndEntityPurchases
|
75000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1-6 reverse stock split of its outstanding common stock | |
CY2023Q1 | us-gaap |
Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
|
90000000 | shares |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; "><b>Use of Estimates and Assumptions</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of income and expenses during the reporting periods. Actual results could differ from those estimates. The Company has considered the following to be significant estimates made by management, including but not limited to, going concern assumptions, estimating the useful lives of fixed assets, realization of long-lived assets, unrealized tax positions and the realization of digital currencies, valuing the derivative asset classified under Level 3 fair value hierarchy, business combinations and the contingent obligation with respect to future revenues.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p> | |
CY2023Q1 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
10618746 | usd |
CY2022Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
11299971 | usd |
CY2022Q4 | us-gaap |
Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
|
3243957 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
|
1590000 | shares |
CY2023Q1 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.20 | pure |
CY2023Q1 | migi |
Treasury Bond Term
TreasuryBondTerm
|
P10Y | |
CY2022Q4 | migi |
Digital Currencies Balance
DigitalCurrenciesBalance
|
0 | |
CY2021Q4 | migi |
Digital Currencies Balance
DigitalCurrenciesBalance
|
0.92 | |
CY2023Q1 | migi |
Additions Of Digital Currencies1
AdditionsOfDigitalCurrencies1
|
121.11 | |
CY2022Q1 | migi |
Additions Of Digital Currencies1
AdditionsOfDigitalCurrencies1
|
458.68 | |
CY2023Q1 | migi |
Sale Of Digital Currencies1
SaleOfDigitalCurrencies1
|
-120.09 | |
CY2022Q1 | migi |
Sale Of Digital Currencies1
SaleOfDigitalCurrencies1
|
-459.6 | |
CY2023Q1 | migi |
Digital Currencies Balance
DigitalCurrenciesBalance
|
1.02 | |
CY2022Q1 | migi |
Digital Currencies Balance
DigitalCurrenciesBalance
|
0 | |
CY2023Q1 | migi |
Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
|
2825278 | shares |
CY2022Q1 | migi |
Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
|
1165698 | shares |
CY2023Q1 | migi |
Options To Purchase Common Stock
OptionsToPurchaseCommonStock
|
417 | shares |
CY2022Q1 | migi |
Options To Purchase Common Stock
OptionsToPurchaseCommonStock
|
125577 | shares |
CY2023Q1 | migi |
Restricted Stock Units Rs Us Issued Under A Management Equity Plan
RestrictedStockUnitsRSUsIssuedUnderAManagementEquityPlan
|
303450 | shares |
CY2022Q1 | migi |
Restricted Stock Units Rs Us Issued Under A Management Equity Plan
RestrictedStockUnitsRSUsIssuedUnderAManagementEquityPlan
|
303215 | shares |
CY2023Q1 | migi |
Total Of Diluted Loss Per Share
TotalOfDilutedLossPerShare
|
3129145 | shares |
CY2022Q1 | migi |
Total Of Diluted Loss Per Share
TotalOfDilutedLossPerShare
|
1594490 | shares |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-11102025 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-11335655 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13953308 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11854946 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.8 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.96 | |
CY2023Q1 | us-gaap |
Area Of Land
AreaOfLand
|
1076 | sqft |
CY2021Q4 | us-gaap |
Land Subject To Ground Leases
LandSubjectToGroundLeases
|
6 | acre |
CY2023Q1 | us-gaap |
Area Of Land
AreaOfLand
|
3.12 | acre |
CY2022Q1 | us-gaap |
Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
|
The term of the lease is for 5 years, with 2 options to extend for 5 years each. | |
CY2022Q2 | us-gaap |
Land Subject To Ground Leases
LandSubjectToGroundLeases
|
11 | acre |
CY2023Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
8143 | usd |
CY2022Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
4302 | usd |
CY2023Q1 | migi |
Interest On Lease Obligations1
InterestOnLeaseObligations1
|
2080 | usd |
CY2022Q1 | migi |
Interest On Lease Obligations1
InterestOnLeaseObligations1
|
1478 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
10223 | usd |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
5780 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
146363086 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
145506464 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
61798906 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
54489966 | usd |
CY2023Q1 | migi |
Property And Equipment Net
PropertyAndEquipmentNet
|
84564180 | usd |
CY2022Q4 | migi |
Property And Equipment Net
PropertyAndEquipmentNet
|
91016498 | usd |
CY2023Q1 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
7960000 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Owned Net
PropertyPlantAndEquipmentOwnedNet
|
4289684 | usd |
CY2023Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
1010716 | usd |
CY2023Q1 | migi |
Operating Lease Rightofuse Asset
OperatingLeaseRightofuseAsset
|
145659 | usd |
CY2023Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
5446059 | usd |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
|
548083 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
|
9080000.00 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Description
DebtInstrumentDescription
|
Mawson Infrastructure Group Pty Ltd entered into a Secured Loan Facility Agreement with W Capital Advisors Pty Ltd with a total loan facility of AUD$3 million (USD$1.9 million). This was amended on September 29, 2022 and the loan facility was increased to AUD$8 million (USD$5.2 million). As at March 31, 2023, AUD$3.53 million (USD$2.36 million) has been drawn down from this facility, all of which is classified as a current liability. | |
CY2023Q1 | us-gaap |
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
|
0.12 | pure |
CY2022Q3 | us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
3600000 | usd |
CY2022Q4 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
3100000 | usd |
CY2023Q1 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
500000 | usd |
CY2018Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
10441251 | shares |
CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
2500000 | shares |
CY2023Q1 | migi |
Total Stockbased Compensation
TotalStockbasedCompensation
|
473848 | shares |
CY2022Q1 | migi |
Total Stockbased Compensation
TotalStockbasedCompensation
|
166276 | shares |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
9.09 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
609806 | |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
9.26 | shares |
CY2023Q1 | migi |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisable
|
5.5 | shares |
CY2023Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
29995 | usd |
CY2023Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
29995 | usd |
CY2023Q1 | us-gaap |
Present Value Of Future Insurance Profits Amortization Expense1
PresentValueOfFutureInsuranceProfitsAmortizationExpense1
|
150000 | usd |
CY2023Q1 | migi |
Restricted Term
RestrictedTerm
|
P1Y3M14D | |
CY2022Q3 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
104178 | shares |
CY2023Q1 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisions
|
60000.00 | usd |
CY2023Q1 | us-gaap |
Shares Issued
SharesIssued
|
18807 | shares |
CY2023Q1 | migi |
Stock Split Description
StockSplitDescription
|
Pursuant to that certain Certificate of Amendment to the Certificate of Incorporation of the Company dated February 6, 2023 Mawson executed at a ratio of 1-6 reverse stock split of its outstanding common stock and reduced its authorized common stock to 90,000,000 shares, as set forth in the Company’s Current Report on Form 8-K filed February 9, 2023. | |
CY2023Q1 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
100000 | shares |
CY2023Q1 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
250000 | usd |
CY2023Q1 | us-gaap |
Demutualization By Insurance Entity Securities Issued Gross Cash Proceeds
DemutualizationByInsuranceEntitySecuritiesIssuedGrossCashProceeds
|
471379 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
500000 | usd |
CY2022Q1 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P5Y | |
CY2022Q1 | migi |
Lease Extend Term
LeaseExtendTerm
|
P5Y | |
CY2022Q1 | migi |
Rent Expenses Percentage
RentExpensesPercentage
|
0.04 | pure |
CY2022Q1 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
240000 | usd |
CY2023Q1 | us-gaap |
Cost Maintenance
CostMaintenance
|
154559 | usd |
CY2022Q1 | us-gaap |
Cost Maintenance
CostMaintenance
|
43873 | usd |
CY2022Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2083336 | usd |
CY2022Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1666667 | usd |
CY2022Q3 | migi |
Excercise Price
ExcercisePrice
|
6.06 | |
CY2023Q1 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
9000000 | usd |
CY2022Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
100000000 | usd |
CY2022Q4 | migi |
Cryptocurrencies
Cryptocurrencies
|
usd | |
CY2022Q1 | migi |
Loss On Reclassification To Assets Held For Sale
LossOnReclassificationToAssetsHeldForSale
|
usd | |
CY2022Q1 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
usd | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.80 | |
CY2022Q1 | migi |
Gain Loss Foreign Exchange
GainLossForeignExchange
|
usd | |
CY2022Q1 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
usd | |
CY2022Q1 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
usd | |
CY2022Q1 | migi |
Loss On Write Off Of Property And Equipment
LossOnWriteOffOfPropertyAndEquipment
|
usd | |
CY2022Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2022Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
usd | |
CY2023Q1 | migi |
Payment Of Property And Equipment Deposits
PaymentOfPropertyAndEquipmentDeposits
|
usd | |
CY2023Q1 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
usd | |
CY2022Q1 | migi |
Recognition Of Right Of Use Operating Asset And Lease Liability
RecognitionOfRightOfUseOperatingAssetAndLeaseLiability
|
usd | |
CY2022Q1 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11854946 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13953308 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.80 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.96 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
shares | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
||
CY2023Q1 | migi |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercisable In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageExercisePrice
|
||
CY2022Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
usd | |
CY2022Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
usd | |
CY2023Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2023Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2023Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001218683 |