Big Digital Energy, Inc.

Listed Company

BGDECIK 0001218683NasdaqNon-AcceleratedSmaller ReportingFinance ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$39.75M

Net Income

$-23.70M

Total Assets

$57.44M

Equity

$-3.10M

Shares Out

5.49M

Op. Cash Flow

$-6.90M

Business

Mawson Infrastructure Group Inc. is a technology company that develops and operates digital infrastructure platforms for enterprise customers and its own computing needs. It offers digital colocation, AI and high‑performance computing (HPC) colocation, energy management services, digital asset (Bitcoin) mining, and opportunistic equipment sales and related data center infrastructure. Mawson’s key business segments comprise Digital Colocation, AI and HPC Colocation, Energy Management, and Digital Assets Mining. It primarily operates data centers and platforms in the Pennsylvania‑New Jersey‑Maryland (PJM) energy market in the U.S., serving customers via colocation contracts, power agreements, mining pools and digital asset exchanges.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	40	59	44	84	44
Less: Cost of revenues (excluding depreciation)	22	39	29	48	10
Gross profit	17	20	15	37	34
Selling, general and administrative	23	18	19	26	16
Stock based compensation	9	14	11	3	22
Depreciation and amortization	6	18	38	63	14
Change in fair value of derivative asset	−590,126	1	7	11	—
Total operating expenses	37	51	75	81	77
Loss from operations	−19	−31	−60	−44	−43
Gain (loss) on foreign currency transactions	−1	1	−2	−7	−932,866
Interest expense	−3	−3	−3	—	—
Other income	357,849	364,382	517,918	2	—
Other expenses	−77,904	−39,638	−396,691	—	—
Loss on deconsolidation	—	−12	9	—	—
Total non-operating expense, net	−4	−14	8	−10	—
Loss before income taxes	−24	−45	−53	−54	−45
Income tax expenses	−12,526	−976,570	−6	—	−277,717
Net loss	−24	−46	−59	−54	−45
Less: Net loss attributable to non-controlling interests	—	−205,086	2	−1	−497,944
Net loss attributed to Mawson common stockholders	−24	−46	−60	−53	−45
Net loss per share, basic	−20.11	−51.75	−3.86	−4.16	−4.79
Net loss per share, diluted	−20.11	−51.75	−3.86	−4.16	−0.8
Weighted average number of shares outstanding, basic	1	891,438	16	13	9
Weighted average number of shares outstanding, diluted	1	891,438	—	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	13	6	4	946,265	5
Prepaid expenses	4	5	4	3	332,154
Cryptocurrencies held for customers	903,784	—	—	—	—
Trade and other receivables, net	10	15	12	10	6
Total current assets	27	26	20	20	11
Property, plant and equipment, net	23	28	58	91	77
Derivative asset	3	3	4	11	—
Security deposits	700,000	500,000	400,000	—	—
Operating lease right-of-use asset	3	4	2	3	4
Total assets	57	61	85	133	145
Trade and other payables	32	39	33	11	—
Current portion of operating lease liability	1	1	1	1	1
Current portion of finance lease liability	176,707	358,515	33,059	30,702	8,105
Current portion of long-term loans	25	21	19	24	—
Total current liabilities	59	62	53	36	20
Operating lease liability, net of current portion	2	3	1	2	3
Finance lease liability, net of current portion	—	207,957	50,164	83,223	38,764
Total liabilities	61	65	54	57	31
Commitments and Contingencies	—	—	—	—	—
Series A preferred stock; 1,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024	—	—	—	—	—
Common stock, $0.001 par value per share; 90,000,000 shares authorized, 3,617,221 and 939,618 shares issued and outstanding as of December 31, 2025 and 2024, respectively	3,617	940	16,645	13,626	—
Additional paid-in capital	249	225	211	194	—
Accumulated other comprehensive income	365,450	198,625	608,688	5	−521,094
Accumulated deficit	−253	−229	−183	−122	−71
Total stockholders deficit	−3	−3	29	77	115
Total liabilities and stockholders deficit	57	61	85	133	145

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of operating lease right-of-use asset	1	958,571	1	2	—
Foreign exchange loss (gain)	1	−2	2	—	—
Unrealized (gain) loss on derivative asset	−590,126	1	7	—	—
Loss on sale of property, plant and equipment	—	18,262	137,427	−4	—
Bad debt expense	1	—	—	—	—
Non-cash interest expense	3	3	2	—	—
Loss on lease termination	26,268	312,375	—	—	—
Loss on deconsolidation	—	13	−9	—	—
Trade and other receivables	4	−3	−4	−605,480	−5
Operating lease liabilities	−1	−771,190	−2	—	—
Other current assets	10,605	−1	2	−5	−847,872
Trade and other payables	−7	6	11	21	6
Net cash (used in) provided by operating activities	−7	4	−3	14	23
Capital expenditures	−148,950	−2	−5	—	—
Proceeds from sales of property, plant and equipment	39,260	838,864	1	22	694,181
Net cash used in investing activities	−109,690	−1	11	−33	−128
Proceeds from common share issuances	15	—	6	7	—
Payment of finance lease liabilities	−444,426	−330,067	−38,176	−2	—
Payments of loans	—	−500,000	−12	−28	—
Net cash provided by (used in) financing activities	14	−830,067	−5	14	110
Net increase in cash and cash equivalents	7	2	—	—	—
Cash paid for interest	16,018	18,527	1	6	653,506
Cash (received) paid for income taxes Federal	−25,905	490,997	—	—	—
Cash paid for income taxes State	300	405,250	—	—	—
Recognition of right of use operating asset and lease liability	571,024	3	—	—	—

Filings

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