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NASDAQ · FINANCE SERVICES · SMALL CAP

Big Digital Energy, Inc. BGDE

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$39.8M
▼ 32.9% YoY
$-23.7M
$-7.0M
▼ 539.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company provides services spanning artificial intelligence (AI), high-performance computing (HPC), digital assets including Bitcoin mining, and other intensive compute applications. The company manages and operates digital infrastructure platforms and data centers delivering a total current capacity of approximately 129 megawatts (MW) with its current operational sites, all strategically located in the PJM Energy Market in the United States. Mawson has four main businesses: Digital Colocation, AI and HPC Colocation, Energy Management, and Digital Assets Mining. As of December 31, 2025, the company had 33 full-time employees, whose work utilizes software and technology to run and optimize its operations and digital infrastructure. The company is a corporation incorporated in Delaware in 2012, and its common stock has been listed on The Nasdaq Capital Market since September 29, 2021.

Written from the business description in Mawson Infrastructure Group Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 39.8M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 39.8 · Net income -23.7
30.0M60.0M-25.0M-50.0M
201220152018202120242025
Compound annual growth
−22.2%
+55.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +55.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−60 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -48.5% · Net -59.5%
50000%-50000%-100000%
201220182025
ROE
FY2023 · ROE -113.7%
-500%
201220182025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -7.0
-20M-40M
201220182025

Total assetsUSD 57.4M
EquityUSD -3.1M
CashUSD 13.3M
Gross debtUSD 50.4M
Net debtUSD 37.1M
Current ratio0.47×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
BGDE, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.00.10.00.10.00.00.0−0.00.0◌◌◌◌◌
Operating income $B−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0◌◌◌◌
EBITDA $B−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.0◌◌◌◌
Income tax $B0.00.00.0◌0.00.0◌◌◌◌◌◌◌◌
Net income $B−0.0−0.0−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.0
Free cash flow $B−0.00.0−0.0−0.0−0.1−0.0◌−0.0−0.0−0.00.0◌−0.0◌
EPS, diluted $−20.11−51.75−3.86−4.16−0.80−0.71−0.36−0.61−0.860.380.140.110.270.26
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %——−113.7−55.0−73.5−124.6−923.7——————0.1
Shares out B0.000.020.020.010.070.030.020.010.000.000.010.010.010.05

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 4 failures · 1 divergence in 62 reconciliationsAUDITED

Reconciled in 10 of the 14 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 13 checks were skipped: cost of revenue is not tagged before 2020. 10 checks were skipped: the balance sheet is not tagged before 2012. Five checks were skipped: EPS is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency4 failures1 divergent
ActivityFinance Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2012

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