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MARKETS / NASDAQ / BGDE
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
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
40.0M80.0M-25.0M-50.0M20122014201620182020202220242025
Compound annual growth
−22.2%
+55.0%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%20122014201620182020202220242025
ROE
FY2024 · ROE -354.9%
100%200%300%-500%20122014201620182020202220242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -7.0
-20M-40M20122014201620182020202220242025

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

Equity was negative — liabilities 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
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 %··············
ROE %·−354.9−113.7−55.0−73.5−124.6−923.7·····383.90.1
Shares out B0.000.000.020.010.010.070.020.010.000.000.010.010.010.01

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

Provenance
Company facts, as filed
How we verify · 4 failures · 1 divergences in 62 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 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. 33 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente4 failures1 divergent
ActivityFinance Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2012

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