$MIGI
Mawson Infrastructure Group Inc Stock $migi

$migi Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000121390024070758 Filed on August 19, 2024

Income Statement

Concept	2024 Q3	2024 Q2	2023 Q2
Revenue	$12.32M	$13.11M	$10.55M
YoY Change	8.68%	24.27%	-46.66%
Cost Of Revenue	$7.996M	$8.795M	$7.028M
YoY Change	3.64%	25.13%	-51.05%
Gross Profit	$4.320M	$4.317M	$3.523M
YoY Change	19.43%	22.55%	-35.01%
Gross Profit Margin	35.07%	32.93%	33.39%
Selling, General & Admin	$6.000M	$3.642M	$6.265M
YoY Change	64.15%	-41.87%	-33.57%
% of Gross Profit	138.91%	84.36%	177.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.610M	$4.600M	$8.790M
YoY Change	-69.61%	-47.67%	-45.14%
% of Gross Profit	83.57%	106.54%	249.49%
Operating Expenses	$15.72M	$11.07M	$21.19M
YoY Change	-20.76%	-47.73%	-19.72%
Operating Profit	-$11.40M	-$6.757M	-$17.66M
YoY Change	-29.72%	-61.74%	442.59%
Interest Expense		-$2.814M	$647.1K
YoY Change		-534.82%	-58.66%
% of Operating Profit
Other Income/Expense, Net	-$1.478M	-$1.109M	$1.770M
YoY Change	-52.49%	-162.62%	-5.07%
Pretax Income	-$12.88M	-$7.866M	-$15.89M
YoY Change	-33.39%	-50.51%	560.66%
Income Tax	-$648.9K	$1.753M	$1.756M
% Of Pretax Income
Net Earnings	-$12.23M	-$9.619M	-$17.34M
YoY Change	-35.8%	-44.54%	620.97%
Net Earnings / Revenue	-99.28%	-73.36%	-164.37%
Basic Earnings Per Share	-$0.66	-$0.55	-$1.12
Diluted Earnings Per Share	-$0.66	-$0.55	-$1.12
COMMON SHARES
Basic Shares Outstanding	18.55M shares	17.52M shares	16.21M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2024 Q3	2024 Q2	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments		$6.782M	$5.607M
YoY Change		20.95%	124.84%
Cash & Equivalents	$5.760M	$6.780M	$5.607M
Short-Term Investments
Other Short-Term Assets		$5.354M	$3.585M
YoY Change		49.36%	-32.82%
Inventory
Prepaid Expenses	$4.505M	$5.354M	$3.585M
Receivables		$11.19M	$6.404M
Other Receivables		$0.00	$0.00
Total Short-Term Assets	$23.10M	$23.33M	$15.60M
YoY Change	69.17%	49.59%	29.51%
LONG-TERM ASSETS
Property, Plant & Equipment	$29.72M	$33.64M	$78.53M
YoY Change	-55.19%	-57.16%	-47.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$7.168M
YoY Change			-62.96%
Other Assets		$4.433M	$424.1K
YoY Change		945.44%	-89.79%
Total Long-Term Assets	$37.67M	$42.30M	$89.17M
YoY Change	-49.22%	-52.57%	-50.4%
TOTAL ASSETS
Total Short-Term Assets	$23.10M	$23.33M	$15.60M
Total Long-Term Assets	$37.67M	$42.30M	$89.17M
Total Assets	$60.77M	$65.63M	$104.8M
YoY Change	-30.82%	-37.36%	-45.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$36.04M	$25.34M
YoY Change		42.26%	-46.14%
Accrued Expenses		$1.319M	$1.650M
YoY Change		-20.04%	13.63%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00	$20.87M
YoY Change		-100.0%	7.19%
Long-Term Debt Due	$21.37M	$20.12M	$31.86K
YoY Change	20.14%	63065.48%	7.49%
Total Short-Term Liabilities	$59.19M	$57.82M	$47.89M
YoY Change	26.93%	20.74%	-29.57%
LONG-TERM LIABILITIES
Long-Term Debt		$393.2K	$67.00K
YoY Change		486.81%	-99.66%
Other Long-Term Liabilities		$3.004M	$1.479M
YoY Change		103.16%	-54.06%
Total Long-Term Liabilities		$393.2K	$1.546M
YoY Change		-74.56%	-93.2%
TOTAL LIABILITIES
Total Short-Term Liabilities	$59.19M	$57.82M	$47.89M
Total Long-Term Liabilities		$393.2K	$1.546M
Total Liabilities	$62.32M	$61.22M	$49.44M
YoY Change	30.43%	23.83%	-45.51%
SHAREHOLDERS EQUITY
Retained Earnings	-$224.3M	-$212.1M	-$150.7M
YoY Change	32.12%	40.71%	81.67%
Common Stock	$18.71K	$17.52K	$16.46K
YoY Change	13.25%	6.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$1.560M	$4.404M	$56.77M
YoY Change
Total Liabilities & Shareholders Equity	$60.77M	$65.63M	$104.8M
YoY Change	-30.82%	-37.36%	-45.39%

Cashflow Statement

Concept	2024 Q3	2024 Q2	2023 Q2
OPERATING ACTIVITIES
Net Income	-$12.23M	-$9.619M	-$17.34M
YoY Change	-35.8%	-44.54%	620.97%
Depreciation, Depletion And Amortization	$3.610M	$4.600M	$8.790M
YoY Change	-69.61%	-47.67%	-45.14%
Cash From Operating Activities		$2.469M	-$5.509M
YoY Change		-144.82%	-120.19%
INVESTING ACTIVITIES
Capital Expenditures		$1.876M	$1.703M
YoY Change		10.2%	-107.25%
Acquisitions
YoY Change
Other Investing Activities		-$69.45K	$8.401M
YoY Change		-100.83%
Cash From Investing Activities		-$1.946M	$6.698M
YoY Change		-129.05%	-128.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		-113.9K	3.043M
YoY Change		-103.74%	-176.62%
NET CHANGE
Cash From Operating Activities		2.469M	-5.509M
Cash From Investing Activities		-1.946M	6.698M
Cash From Financing Activities		-113.9K	3.043M
Net Change In Cash		409.1K	4.231M
YoY Change		-90.33%	-2399.95%
FREE CASH FLOW
Cash From Operating Activities		$2.469M	-$5.509M
Capital Expenditures		$1.876M	$1.703M
Free Cash Flow		$592.4K	-$7.212M
YoY Change		-108.21%	-114.2%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments		usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments		usd
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.93
	dei	City Area Code CityAreaCode	1-412
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2024-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-40849
	dei	Entity Registrant Name EntityRegistrantName	Mawson Infrastructure Group Inc.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	88-0445167
	dei	Entity Address Address Line1 EntityAddressAddressLine1	950 Railroad Avenue
	dei	Entity Address City Or Town EntityAddressCityOrTown	Midland
	dei	Entity Address State Or Province EntityAddressStateOrProvince	PA
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	15059
	dei	Security12b Title Security12bTitle	Common Stock, par value $0.001 per share
	dei	Trading Symbol TradingSymbol	MIGI
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2024Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	18553603	shares
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6782143	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4476339	usd
CY2024Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	5353795	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3556933	usd
CY2024Q2	us-gaap	Assets Held In Trust Current AssetsHeldInTrustCurrent	11192521	usd
CY2023Q4	us-gaap	Assets Held In Trust Current AssetsHeldInTrustCurrent	12105387	usd
CY2024Q2	us-gaap	Assets Current AssetsCurrent	23328459	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	20138659	usd
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	33642018	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	57740291	usd
CY2024Q2	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	3969138	usd
CY2023Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	4058088	usd
CY2023Q4	us-gaap	Equity Method Investments EquityMethodInvestments	106807	usd
CY2024Q2	us-gaap	Security Deposit SecurityDeposit	464140	usd
CY2023Q4	us-gaap	Security Deposit SecurityDeposit	415000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	4221458	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2307399	usd
CY2024Q2	us-gaap	Assets Assets	65625213	usd
CY2023Q4	us-gaap	Assets Assets	84766244	usd
CY2024Q2	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	36044644	usd
CY2023Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	32513113	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1319040	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1416310	usd
CY2024Q2	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	335513	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	33059	usd
CY2024Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	20124523	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	19352752	usd
CY2024Q2	us-gaap	Liabilities Current LiabilitiesCurrent	57823720	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	53315234	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	3004129	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1016216	usd
CY2024Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	393160	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	50164	usd
CY2024Q2	us-gaap	Liabilities Liabilities	61221009	usd
CY2023Q4	us-gaap	Liabilities Liabilities	54381614	usd
CY2024Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	90000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	90000000	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	17518483	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	17518483	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16644711	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	16644711	shares
CY2024Q2	us-gaap	Common Stock Value CommonStockValue	17518	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	16645	usd
CY2024Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	216302100	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	211279176	usd
CY2024Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	133943	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	608688	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-212049357	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-182666465	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	4404204	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	29238044	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	1146586	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4404204	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	30384630	usd
CY2024Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	65625213	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	84766244	usd
CY2024Q2	us-gaap	Revenues Revenues	13112119	usd
CY2023Q2	us-gaap	Revenues Revenues	10551535	usd
	us-gaap	Revenues Revenues	31883428	usd
	us-gaap	Revenues Revenues	18222142	usd
CY2024Q2	us-gaap	Cost Of Revenue CostOfRevenue	8794642	usd
CY2023Q2	us-gaap	Cost Of Revenue CostOfRevenue	7028458	usd
	us-gaap	Cost Of Revenue CostOfRevenue	20580810	usd
	us-gaap	Cost Of Revenue CostOfRevenue	11706460	usd
CY2024Q2	us-gaap	Gross Profit GrossProfit	4317477	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	3523077	usd
	us-gaap	Gross Profit GrossProfit	11302618	usd
	us-gaap	Gross Profit GrossProfit	6515682	usd
CY2024Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3642157	usd
CY2023Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6265256	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7105757	usd
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	11242674	usd
CY2024Q2	us-gaap	Share Based Compensation ShareBasedCompensation	1053248	usd
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	687276	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	5954731	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	1691619	usd
CY2024Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	4604334	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	8789755	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12595980	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	16752279	usd
CY2024Q2	migi	Fair Value Of Derivative Asset FairValueOfDerivativeAsset	1775103	usd
CY2023Q2	migi	Fair Value Of Derivative Asset FairValueOfDerivativeAsset	5444300	usd
	migi	Fair Value Of Derivative Asset FairValueOfDerivativeAsset	88950	usd
	migi	Fair Value Of Derivative Asset FairValueOfDerivativeAsset	6125525	usd
CY2024Q2	us-gaap	Operating Expenses OperatingExpenses	11074842	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	21186587	usd
	us-gaap	Operating Expenses OperatingExpenses	25745418	usd
	us-gaap	Operating Expenses OperatingExpenses	35812097	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-6757365	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-17663510	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-14442800	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-29296415	usd
CY2024Q2	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-285530	usd
CY2023Q2	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-397165	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-124588	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-815382	usd
CY2024Q2	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	752945	usd
CY2023Q2	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	647062	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	1486703	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	1546114	usd
CY2023Q2	migi	Profit On Sale Of Site ProfitOnSaleOfSite	2562283	usd
	migi	Profit On Sale Of Site ProfitOnSaleOfSite	3353130	usd
CY2024Q2	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	-84744	usd
	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	-12010652	usd
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	1437230	usd
CY2024Q2	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	9913	usd
	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	19687	usd
CY2024Q2	us-gaap	Other Income OtherIncome	24523	usd
CY2023Q2	us-gaap	Other Income OtherIncome	252363	usd
	us-gaap	Other Income OtherIncome	189784	usd
	us-gaap	Other Income OtherIncome	177941	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-36356	usd
CY2024Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1108609	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1770419	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-13451846	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2570449	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-7865974	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-15893091	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-27894646	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-26725966	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1752719	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1756371	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1693332	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2304454	usd
CY2024Q2	us-gaap	Profit Loss ProfitLoss	-9618693	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-17649462	usd
	us-gaap	Profit Loss ProfitLoss	-29587978	usd
	us-gaap	Profit Loss ProfitLoss	-29030420	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-305556	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-205086	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-584489	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-9618693	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-17343906	usd
	us-gaap	Net Income Loss NetIncomeLoss	-29382892	usd
	us-gaap	Net Income Loss NetIncomeLoss	-28445931	usd
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.55
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.12
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.73
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.93
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17412862	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15527824	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17028786	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14744915	shares
CY2024Q2	us-gaap	Profit Loss ProfitLoss	-9618693	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-17649462	usd
	us-gaap	Profit Loss ProfitLoss	-29587978	usd
	us-gaap	Profit Loss ProfitLoss	-29030420	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-44443	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	220093	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-526586	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	351826	usd
CY2024Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-9663136	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-17429369	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-30114564	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-28678594	usd
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	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-205086	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-584489	usd
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	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-28094105	usd
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CY2023Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	5340516	usd
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CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	55331944	usd
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	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	5023797	usd
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	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	63945	usd
	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	307069	usd
	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	1001000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	383550	usd
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	us-gaap	Profit Loss ProfitLoss	-29587978	usd
	us-gaap	Profit Loss ProfitLoss	-29030420	usd
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	us-gaap	Depreciation And Amortization DepreciationAndAmortization	16752279	usd
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	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	678310	usd
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	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-751833	usd
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	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	584301	usd
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	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	19088	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	500000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	9672854	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-623478	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1893177	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-20395	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	2305804	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	4660989	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4476339	usd
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CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5607254	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	420058	usd
	migi	Recognition Of Right Of Use Operating Asset And Lease Liability RecognitionOfRightOfUseOperatingAssetAndLeaseLiability	911356	usd
	migi	Accrued Interest On Convertible Notes Settled In Common Stock AccruedInterestOnConvertibleNotesSettledInCommonStock	276959	usd
	us-gaap	Nature Of Operations NatureOfOperations	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – GENERAL </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"><b>Nature of Operations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mawson Infrastructure Group Inc. (“Mawson,” the “Company,” “we,” “us,” and “our”) is a digital infrastructure company headquartered in the United States.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mawson is a corporation incorporated in Delaware in 2012. On March 9, 2021, the Company acquired the shares of Cosmos Capital Limited in a stock for stock exchange. This transaction has been accounted for as a reverse asset acquisition. Mawson was previously known as Wize Pharma Inc and changed its name on March 17, 2021. Shares of Mawson’s common stock, par value $0.001 per share (“Common Stock”) have been listed on The Nasdaq Capital Market since September 29, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has 3 primary businesses – digital co-location business, digital assets self-mining business, and energy management business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Throughout this filing, we use the term Bitcoin (with a capital “B”) to represent the overall concept of Bitcoin, including the technology, protocol, and the entire ecosystem. The term bitcoin (with a lower case “b”) refers to the digital bitcoin currency or token.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company develops and operates next generation digital infrastructure platforms for digital colocation services, and digital assets mining activities including on the Bitcoin blockchain network. The Company also provides digital infrastructure services for its colocation customers that use computational machines through our digital infrastructure platforms. The Company also has an energy management program through which it can receive net energy benefits in exchange for curtailing the power the Company utilizes from the grid in response to instances of high electricity demand.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company may also transact in digital assets mining, data center infrastructure and related equipment periodically, subject to prevailing market conditions. The Company designs, develops, operates, and manages its next generation digital infrastructure platforms to responsibly support digital assets such as the Bitcoin network and other digital assets by contributing to the scale, structure, and decentralization of these networks and optimizing energy consumption. The Company contributes to the ecosystem and growth of digital assets as there continues to be a global transition to the new digital economy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company strives to operate and invest in those markets and communities that offer low or zero carbon renewable energy sources and participate in energy management activities. We invest in the communities in which we operate and also support broader economic initiatives within these ecosystems.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company manages and operates next generation digital infrastructure platforms delivering a total current capacity of approximately 129 MW with its current operational sites located in the United States,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has previously reported through an 8-K filing on March 29, 2024 that the Company may seek to exit certain or all of its entities and holdings in Australia. The Company currently operates facilities in the United States of America and does not have operating sites in Australia. The accompanying consolidated condensed unaudited interim financial statements, including the results of a number of the Company’s Australian subsidiaries: Cosmos Trading Pty Ltd, Cosmos Infrastructure LLC, Cosmos Manager LLC, MIG No.1 Pty Ltd (on March 19, 2024, MIG No.1 Pty Ltd was placed into a Australian court appointed liquidation and wind-up process), MIG No.1 LLC, Mawson AU Pty Ltd (on April 23, 2024, Mawson AU Pty Ltd was placed into a Australian court appointed liquidation and wind-up process, as disclosed in note 3), an Australian entity Mawson Services Pty Ltd (on April 29, 2024, Mawson Services Pty Ltd was placed into a Australian court appointed liquidation and wind-up process, as disclosed in note 3), Luna Squares LLC, Mawson Bellefonte LLC, Luna Squares Repairs LLC, Luna Squares Property LLC, Mawson Midland LLC, Mawson Hosting LLC, Mawson Ohio LLC and Mawson Mining LLC (collectively referred to as the “Group”), have been prepared by the Company, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) and in accordance with generally accepted accounting principles in the United States (“GAAP”).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These consolidated, condensed unaudited interim financial statements should be read in conjunction with the audited consolidated financial statements of the Group as of December 31, 2023, and the notes thereto, included in the Company’s Annual Report on Form 10-K filed with SEC on April 1, 2024. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. The results of the interim period are not necessarily indicative of the results to be expected for the full year ending December 31, 2024. These consolidated, condensed unaudited interim financial statements reflect all adjustments which, in the opinion of management, are necessary to present fairly the financial position, the results of operations and cash flows of the Company for the periods presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><b>Going Concern</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying consolidated, condensed unaudited interim financial statements have been prepared assuming the Company will continue as a going concern basis and in accordance with GAAP. The going concern basis of presentation assumes that the Company will continue in operation one year after the date these financial statements are issued and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) Topic 205-40, <i>Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern</i>, management must evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date these financial statements are issued. This evaluation does not take into consideration the potential mitigating effect of management’s plans that have not been fully implemented or are not within control of the Company as of the date the financial statements are issued. When substantial doubt exists under this methodology, management evaluates whether the mitigating effect of its plans sufficiently alleviates substantial doubt about the Company’s ability to continue as a going concern. The mitigating effect of management’s plans, however, is only considered if both (1) it is probable that the plans will be effectively implemented within one year after the date that the financial statements are issued, and (2) it is probable that the plans, when implemented, will mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the six-months ended June 30, 2024, the Company incurred a loss after tax of $29.38 million, and as of June 30, 2024, had negative working capital of $34.50 million, had total net assets of $4.40 million and had an accumulated deficit of $212.05 million. The Company’s cash position as of June 30, 2024, was $6.78 million.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bitcoin and other digital asset prices can be volatile and the difficulty of earning bitcoin has typically trended higher over time, which means the Company typically earns less bitcoin for the same effort. In addition, the rewards that bitcoin miners earn halved (not including transaction fees) during April 2024. These factors are outside the Company’s direct control, and the Company may not be able to practically mitigate their impact. The Company cannot predict with any certainty whether these trends will reverse or persist. In addition, the Company’s miners and other mining equipment will require replacement over time as they come to the end of their useful lives to ensure that the Company can continue to competitively and efficiently produce bitcoin.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Customer Equipment Colocation Agreement the Company’s subsidiary, Luna Squares LLC (“Luna”), had with Celsius Mining LLC (the “Colocation Agreement”), expired on August 23, 2023. Celsius Mining LLC is currently in default on payments under the Colocation Agreement to Luna. On July 13, 2022, Celsius Mining LLC and its other affiliated debtors (collectively here “Celsius”) filed for bankruptcy relief under Chapter 11 in the United States Bankruptcy Court. On November 23, 2023, Celsius filed an adversary proceeding in its Chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the Southern District of New York (the “Court”), Case No. 22-10964 against Mawson, and Mawson’s subsidiaries Luna Squares LLC and Cosmos Infrastructure LLC, asserting various claims related to the alleged breach of a Colocation Agreement and Secured Promissory Note. Adv. Case No. 23-01202, claiming it is owed approximately $8.00 million under the promissory note and claiming entitlement to return of $15.33 million paid as deposit. Mawson denied that Celsius is entitled to the relief it seeks in the adversary proceeding and sought to have the matter removed from the adversary proceeding to arbitration based on the arbitration clause contained in one of the transaction’s agreements. Pursuant to court order dated April 22, 2024, the Celsius adversarial proceedings against Luna Squares and Mawson was dismissed pursuant to the Company’s successful motion to compel arbitration. On July 18, 2024, Celsius Network, LLC filed for arbitration of its claims against the Company with the American Arbitration Association in the matter entitled, “Celsius Network Ltd., Celsius Mining LLC and Ionic Digital Mining LLC v. Mawson Infrastructure Group, Luna Squares LLC and Cosmos Infrastructure LLC - Case 01-24-0006-4462”. The Company opposes the claim in arbitration and on August 12, 2024, has filed responsive pleadings denying the claims and asserting affirmative defenses, including set off against the claims, and asserted cross claims against Celsius for sums due to the Company in excess of $115.00 million. This includes counter claims asserted by the Company against Celsius Network Ltd., Celsius Mining LLC and Ionic Digital Mining LLC in excess of $115.00 million for damages due to the Company, including for breach of the Colocation Agreement by Celsius. The matter is proceeding through the arbitration process.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company is the guarantor on a Secured Loan Facility Agreement by MIG No. 1 Pty Ltd (“MIG No.1”) with Marshall Investments GCP Pty Ltd ATF for the Marshall Investments MIG Trust (“Marshall”). The loan matured in February 2024 and the total outstanding balance is $9.71 million as of June 30, 2024. There has been no principal and interest payments made since May 2023. This Secured Loan Facility Agreement was entered into with an Australian entity MIG No.1, this company was placed into a court appointed liquidation and wind-up process and was deconsolidated from the group on March 18, 2024. On May 28, 2024, Marshall submitted a statutory demand for payment under Australian law. On June 17, 2024, the Company responded objecting to the demand under Australian law. No further legal action or legal proceeding has been taken by either party as of this date. The Company is reserving all its rights and remedies against Marshall.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is the guarantor on a Secured Loan Facility Agreement for working capital by Mawson Infrastructure Group Pty Ltd with W Capital Advisors Pty Ltd. As of June 30, 2024, AUD $1.86 million (USD $1.24 million) has been drawn down from this facility. The Secured Loan Facility expired in March 2023. This Secured Loan Facility Agreement was entered into with an Australian entity Mawson Infrastructure Group Pty Ltd, this company was placed into Australian voluntary administration on October 30, 2023, and on November 3, 2023, W Capital Advisors appointed receivers and managers in Australia under the terms of their security relating to their working capital facility. On March 28, 2024, the Company was made a defendant in a civil suit before the Supreme Court of NSW in Sydney Australia, in the matter entitled “W Capital Advisors Pty Ltd in its capacity as trustee for the W Capital Advisors Fund v. Mawson Infrastructure Group, Inc.”, Docket No. 2024/00117331, alleging a claim to seek USD $0.17 million as unpaid interest under a convertible note after the Company paid in full the principal of $0.50 million, and AUD $0.30 million under a loan deed, plus interest and costs for sums due claiming corporate guarantee by the Company for a “Variation Deed to Loan Deed” dated September 29, 2022, executed by its Australian entity, Mawson Infrastructure Group Pty Ltd. The Company sought dismissal of the Australian proceedings arguing jurisdiction of any claims against the Company was in the United States. Despite its objections, the Australian court ruled in favor of the Australian claimant and rendered its judgment against the Company under Australian law for the amounts for US $0.17 million as unpaid interest under a convertible note after the Company paid in full the principal of $0.50 million, and AUD $0.30 million under a loan deed, plus interest and costs for sums due. The Company continues to believe that jurisdiction and adjudication of this matter has to be pursuant to U.S law and has to occur in the United States and the Company retain all rights and shall pursue all remedies as available under U.S. jurisdictions. The Company has also corresponded with W Capital Advisory Pty Ltd and/or its representatives, the Company’s ongoing concerns about W Capital Advisory Ptv Ltd and James Manning being related parties. W Capital Advisory Pty has not responded to the Company’s concerns in a manner satisfactory to the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company, or its subsidiaries, have not fulfilled specific payment obligations related to the Celsius Promissory Note, the Marshall loan and the W Capital Working Capital Loan mentioned above. Consequently, the creditors associated with these debt facilities may initiate actions as allowed by relevant grace periods. This includes the possibility of opting to expedite the repayment of the principal debt, pursuing legal action against the Company or its subsidiaries for payment default, raising interest rates to the default or overdue rate, or taking appropriate measures concerning collateral (including appointing a receiver), if applicable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has evaluated the above conditions and concluded that these conditions raise substantial doubt regarding our ability to continue as a going concern for a period of at least one year from the date of issuance of these consolidated financial statements.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To mitigate these conditions, the Company has explored various avenues to enhance liquidity, fund the Company’s expenditures, and meet debt servicing requirements. These strategies include, among others:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expanding its digital infrastructure platform and increasing capacity for either colocation services or self-mining;</span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Executing new customer colocation service agreements in bitcoin and other digital assets mining to diversify its exposure to any one colocation customer or digital asset; </span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Engaging in discussions with new and existing lenders, including related to refinancing debt, raising additional debt, or modifying terms of existing debt;</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Considering equity issuances such as capital raises and at-the-market (ATM) transactions;</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assessing and evaluating corporate and strategic transactions with the help of outside advisors;</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assessing and evaluating monetizing specific assets, including potential sales of mining infrastructure equipment, miners, operational sites, or expansion locations under consideration; </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conducting assessments to identify and implement operational efficiencies, cost-cutting measures, and other actions aimed at enhancing revenue and optimizing expenses. ; and</span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Evaluating, assessing and pursuing business and margin expansion opportunities.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mawson recently finished the 20 MW expansion at its Midland Facilities, funded using its internal cash reserves, increasing its total operating capacity to about 129 MW from about 109 MW.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company also announced that it had executed a new colocation agreement for about 20 MW, or about 5880 mining units at its Midland facilities. This agreement helped further diversify our customer exposure and expand our colocation services into new digital assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Company may have access to debt, equity, and other sources of funding, these may require additional time and cost, may impose operational restrictions and other covenants on the Company, may not be available on attractive terms, and may not be available at all. If the Company raises additional capital or debt, this could cause additional dilution to the Company’s current stockholders. The terms of any future capital raise or debt issuance and the costs of any financing are uncertain and may be unfavorable to the Company and the Company’s current stockholders. Should the Company be unable to source sufficient funding, the Company may not be able to realize assets at their recognized values and fulfill its liabilities in the normal course of business at the amounts stated in these consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As previously reported, the Company obtains advice from outside resources, however, it is important to note that strategic and other initiatives may not lead to any transaction or other outcome.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">These consolidated, condensed unaudited interim financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities and other commitments in the normal course of business. They do not include any adjustments relating to the recoverability and carrying amounts of assets and the amounts of liabilities should the Company be unable to continue as a going concern and meet its obligations and debts as and when they fall due.</p>
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	us-gaap	Line Of Credit Facility Increase Accrued Interest LineOfCreditFacilityIncreaseAccruedInterest	170000	usd
	us-gaap	Line Of Credit Facility Annual Principal Payment LineOfCreditFacilityAnnualPrincipalPayment	500000	usd
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	migi	Electrical Power Expansion ElectricalPowerExpansion	20	mw
	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; text-align: justify">The preparation of the financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. 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, valuing the derivative asset classified under Level 3 fair value hierarchy, and the contingent obligation with respect to future revenues.</p>
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	migi	Sale Of Digital Currencies1 SaleOfDigitalCurrencies1	-189.58	usd
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CY2024Q2	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	393160	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	629341	usd
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CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y14D
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CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.086	pure
CY2024Q2	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.134	pure
CY2024Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	121528719	usd
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CY2024Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	87886701	usd
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CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	33642018	usd
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	us-gaap	Depreciation Depreciation	16750000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.0022	pure
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CY2022Q1	us-gaap	Long Term Debt Percentage Bearing Fixed Interest Rate LongTermDebtPercentageBearingFixedInterestRate	0.15	pure
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CY2024Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1860000	aud
CY2024Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1240000	usd
CY2024Q2	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.12	pure
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CY2022Q3	migi	Unpaid Interest Under A Convertible Note UnpaidInterestUnderAConvertibleNote	170000	usd
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CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	11.07
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Description ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription	Under the 2018 Equity Plan, the number of shares issuable under the Plan on the first day of each fiscal year increase by an amount equal to the lower of (i) 100,000 shares (after a later 10 for 1 stock split) or (ii) 5% of the outstanding shares on the last day of the immediately preceding fiscal year. At the Company’s annual meeting on May 17, 2023, the stockholders approved an amendment to the 2021 Equity Plan that, amongst other things, increased the number of the shares available under the 2021 Equity Plan to 10,000,000 shares, and the shares available under the 2021 Equity Plan increased by 1,000,000 shares on January 1, 2024 to 11,000,000. Upon review of the previously granted shares in previous years and the availability of shares, on April 9, 2024, the Board of Directors approved the 2024 Omnibus Equity Plan (the “2024 Plan”) which will provide an initial 10,000,000 shares of common stock available for grant per the terms of the 2024 Plan and provides alignment with long-term stockholder value creation. The 2024 Omnibus Equity Plan was approved by the stockholders at the Company’s annual general meeting held on June 12, 2024.
CY2024Q2	migi	Aggregate Shares Of Common Stock AggregateSharesOfCommonStock	15000000	shares
CY2024Q2	migi	Performancebased Restricted Stock Awards PerformancebasedRestrictedStockAwards	20173	usd
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	dei	Local Phone Number LocalPhoneNumber	515-0896
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Files In Submission

Name	View Source	Status
0001213900-24-070758-index-headers.html	Edgar Link	pending
0001213900-24-070758-index.html	Edgar Link	pending
0001213900-24-070758.txt	Edgar Link	pending
0001213900-24-070758-xbrl.zip	Edgar Link	pending
ea0211389-10q_mawson.htm	Edgar Link	pending
ea021138901ex10-1_mawson.htm	Edgar Link	pending
ea021138901ex3-8_mawson.htm	Edgar Link	pending
ea021138901ex31-1_mawson.htm	Edgar Link	pending
ea021138901ex31-2_mawson.htm	Edgar Link	pending
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$MIGI
Mawson Infrastructure Group Inc Stock $migi

2024 Q3 Form 10-Q Financial Statement

#000121390024070758 Filed on August 19, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIGI Mawson Infrastructure Group Inc Stock $migi

2024 Q3 Form 10-Q Financial Statement

#000121390024070758 Filed on August 19, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MIGI
Mawson Infrastructure Group Inc Stock $migi