Mawson Infrastructure (MIGI) 10-Q 14 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 08, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Information [Line Items]
Entity Registrant Name	Mawson Infrastructure Group Inc.
Entity Central Index Key	0001218683
Entity File Number	001-40849
Entity Tax Identification Number	88-0445167
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	950 Railroad Avenue
Entity Address, City or Town	Midland
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15059
Entity Phone Fax Numbers [Line Items]
City Area Code	1-412
Local Phone Number	515-0896
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	MIGI
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		18,707,614

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 5,758,346	$ 4,476,339
Prepaid expenses	4,504,739	3,556,933
Trade and other receivables	12,836,742	12,105,387
Total current assets	23,099,827	20,138,659
Property, plant and equipment, net	29,716,284	57,740,291
Derivative asset	3,179,992	4,058,088
Investments, equity method		106,807
Security deposits	481,903	415,000
Operating lease right-of-use asset	4,288,876	2,307,399
TOTAL ASSETS	60,766,882	84,766,244
Current liabilities:
Trade and other payables	36,271,942	32,513,113
Current portion of operating lease liability	1,208,262	1,416,310
Current portion of finance lease liability	346,819	33,059
Current portion of long-term borrowings	21,365,242	19,352,752
Total current liabilities	59,192,265	53,315,234
Operating lease liability, net of current portion	2,828,862	1,016,216
Finance lease liability, net of current portion	302,095	50,164
TOTAL LIABILITIES	62,323,222	54,381,614
Stockholders’ equity (deficit):
Common stock, $0.001 par value per share; 90,000,000 shares authorized, 18,707,614 and 16,644,711 shares issued and outstanding as of September 30, 2024 and December 31, 2023	18,707	16,645
Additional paid-in capital	222,552,668	211,279,176
Accumulated other comprehensive income	149,380	608,688
Accumulated deficit	(224,277,095)	(182,666,465)
Total Mawson Infrastructure Group, Inc. stockholders’ equity (deficit)	(1,556,340)	29,238,044
Non-controlling interest		1,146,586
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)	(1,556,340)	30,384,630
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	60,766,882	84,766,244
Series A Preferred Stock
Stockholders’ equity (deficit):
Series A preferred stock; 1,000,000 shares authorized, no shares issued and outstanding as of September 30, 2024 and December 31, 2023

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Parentheticals) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	18,707,614	16,644,711
Common stock, shares outstanding	18,707,614	16,644,711
Series A Preferred Stock
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Total revenues	$ 12,316,017	$ 11,332,630	$ 44,199,445	$ 29,554,770
Less: Cost of revenues (excluding depreciation)	7,996,440	7,715,920	28,577,249	19,422,380
Gross profit	4,319,577	3,616,710	15,622,196	10,132,390
Selling, general and administrative	6,000,344	3,655,444	13,100,223	14,898,118
Stock based compensation	5,320,823	3,784,316	11,275,554	5,475,935
Depreciation and amortization	3,607,848	11,875,618	16,211,516	28,627,896
Change in fair value of derivative asset	789,146	520,838	878,096	6,646,363
Total operating expenses	15,718,161	19,836,216	41,465,389	55,648,312
Loss from operations	(11,398,584)	(16,219,506)	(25,843,193)	(45,515,922)
Non-operating income (expense):
Losses on foreign currency transactions	(352,375)	(600,619)	(474,210)	(1,416,000)
Interest expense	(801,625)	(514,953)	(2,289,150)	(2,061,067)
Impairment of financial assets		(1,837,063)		(1,837,063)
Profit on sale of site				3,353,130
Gain on sale of marketable securities				1,437,230
Other expenses	(443,537)	(158,577)	(29,800)	(226,330)
Loss on deconsolidation			(12,444,097)
Other income	119,526		309,209	245,694
Share of net loss of equity method investments				(36,356)
Total non-operating income (expense), net	(1,478,011)	(3,111,212)	(14,928,048)	(540,762)
Loss before income taxes	(12,876,595)	(19,330,718)	(40,771,241)	(46,056,684)
Income tax benefit (expense)	648,857		(1,044,475)	(2,304,454)
Net Loss	(12,227,738)	(19,330,718)	(41,815,716)	(48,361,138)
Less: Net loss attributable to non-controlling interests		(283,101)	(205,086)	(867,590)
Net Loss attributed to Mawson Infrastructure Group stockholders	$ (12,227,738)	$ (19,047,617)	$ (41,610,630)	$ (47,493,548)
Net Loss per share, basic (in Dollars per share)	$ (0.66)	$ (1.15)	$ (2.37)	$ (3.1)
Net Loss per share, diluted (in Dollars per share)	$ (0.66)	$ (1.15)	$ (2.37)	$ (3.1)
Weighted average number of shares outstanding (in Shares)	18,519,572	16,500,833	17,529,342	15,336,653
Digital colocation revenue
Revenues:
Total revenues	$ 9,518,696	$ 2,959,074	$ 25,884,176	$ 11,876,379
Energy management revenue
Revenues:
Total revenues	1,963,805	1,475,333	6,168,906	2,934,066
Digital mining revenue
Revenues:
Total revenues	833,516	6,898,223	11,596,363	14,550,744
Equipment Sales
Revenues:
Total revenues			$ 550,000	$ 193,581

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Loss	$ (12,227,738)	$ (19,330,718)	$ (41,815,716)	$ (48,361,138)
Other comprehensive (income) loss
Foreign currency translation adjustment	15,437	267,458	(511,149)	619,284
Comprehensive loss	(12,212,301)	(19,063,260)	(42,326,865)	(47,741,854)
Less: Comprehensive loss attributable to non-controlling interests		(283,101)	(205,086)	(867,590)
Comprehensive loss attributable to common stockholders	$ (12,212,301)	$ (18,780,159)	$ (42,121,779)	$ (46,874,264)

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Stockholders’ Equity (Deficit) (Unaudited) - USD ($)	Common Stock	Additional Paid-in- Capital	Accumulated Other Comprehensive Income/(Loss)	Accumulated Deficit	Total Mawson Stockholders’ Equity	Non- controlling interest	Total
Balance at Dec. 31, 2022	$ 13,626	$ 194,294,559	$ 5,021,467	$ (122,257,628)	$ 77,072,024	$ (905,904)	$ 76,166,120
Balance (in Shares) at Dec. 31, 2022	13,625,882
Conversion of notes payable into common stock	$ 104	276,855			276,959		276,959
Conversion of notes payable into common stock (in Shares)	104,319
Issuance of common stock in lieu of interest on borrowings	$ 19	63,926			63,945		63,945
Issuance of common stock in lieu of interest on borrowings (in Shares)	18,807
Issuance of common stock for services	$ 93	306,976			307,069		307,069
Issuance of common stock for services (in Shares)	93,334
Issuance of warrants		1,501,500			1,501,500		1,501,500
Exercising of RSU’s and stock options	$ 177	163,339			163,516		163,516
Exercising of RSU’s and stock options (in Shares)	177,094
Stock based compensation for RSUs		3,503,849			3,503,849		3,503,849
Issuance of common stock, net of issuance costs	$ 2,499	5,809,396			5,811,895		5,811,895
Issuance of common stock, net of issuance costs (in Shares)	2,498,607
Net loss				(47,493,548)	(47,493,548)	(867,590)	(48,361,138)
Other comprehensive income			521,654		521,654	97,630	619,284
Balance at Sep. 30, 2023	$ 16,518	205,920,400	5,543,121	(169,751,176)	41,728,863	(1,675,864)	40,052,999
Balance (in Shares) at Sep. 30, 2023	16,518,043
Balance at Jun. 30, 2023	$ 16,455	202,136,148	5,321,282	(150,703,559)	56,770,326	(1,438,382)	55,331,944
Balance (in Shares) at Jun. 30, 2023	16,454,709
Issuance of warrants		500,500			500,500		500,500
Exercising of RSU’s and stock options	$ 63	163,339			163,402		163,402
Exercising of RSU’s and stock options (in Shares)	63,334
Stock based compensation expense for RSU’s and stock options		3,120,413			3,120,413		3,120,413
Net loss				(19,047,617)	(19,047,617)	(283,101)	(19,330,718)
Other comprehensive income			221,839		221,839	45,619	267,458
Balance at Sep. 30, 2023	$ 16,518	205,920,400	5,543,121	(169,751,176)	41,728,863	(1,675,864)	40,052,999
Balance (in Shares) at Sep. 30, 2023	16,518,043
Balance at Dec. 31, 2023	$ 16,645	211,279,176	608,688	(182,666,465)	29,238,044	1,146,586	30,384,630
Balance (in Shares) at Dec. 31, 2023	16,644,711
Exercising of RSU’s and stock options	$ 2,062	(2,062)
Exercising of RSU’s and stock options (in Shares)	2,062,903
Stock based compensation expense for RSU’s and stock options		11,275,554			11,275,554		11,275,554
Deconsolidation of MIG No.1 Pty Ltd						(889,659)	(889,659)
Net loss				(41,610,630)	(41,610,630)	(205,086)	(41,815,716)
Other comprehensive income			(459,308)		(459,308)	(51,841)	(511,149)
Balance at Sep. 30, 2024	$ 18,707	222,552,668	149,380	(224,277,095)	(1,556,340)		(1,556,340)
Balance (in Shares) at Sep. 30, 2024	18,707,614
Balance at Jun. 30, 2024	$ 17,518	216,302,100	133,943	(212,049,357)	4,404,204		4,404,204
Balance (in Shares) at Jun. 30, 2024	17,518,483
Exercising of RSU’s and stock options	$ 1,189	929,745			929,745		929,745
Exercising of RSU’s and stock options (in Shares)	1,189,131
Stock based compensation expense for RSU’s and stock options		5,320,823			5,320,823		5,320,823
Net loss				(12,227,738)	(12,227,738)		(12,227,738)
Other comprehensive income			15,437		15,437		15,437
Balance at Sep. 30, 2024	$ 18,707	$ 222,552,668	$ 149,380	$ (224,277,095)	$ (1,556,340)		$ (1,556,340)
Balance (in Shares) at Sep. 30, 2024	18,707,614

Consolidated Condensed Statem_4

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (41,815,716)	$ (48,361,138)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	16,211,516	28,627,896
Amortization of operating lease right-of-use asset	2,165,370	1,057,500
Foreign exchange loss (gain)	(487,908)	1,303,569
Stock based compensation	11,275,554	5,475,935
Non-cash interest expense	2,259,247	1,365,291
Unrealized (gain) loss on derivative asset	878,096	6,646,363
Loss on deconsolidation	12,959,923
Gain on sale of marketable securities		(1,437,230)
Share of loss from equity method investments		36,356
Loss on sale of property and equipment	18,262	231,266
Gain on lease termination	(72,159)
Profit on sale of site		(3,353,130)
Impairment of equity method investment		1,837,063
Changes in assets and liabilities:
Trade and other receivables	(731,355)	(2,398,826)
Operating lease liabilities	(1,600,314)	(1,096,790)
Other current assets	(1,014,710)	4,041,803
Trade and other payables	3,060,628	1,205,999
Net cash (used in) provided by operating activities	3,106,434	(4,818,073)
CASH FLOWS FROM INVESTING ACTIVITIES
Payment for the purchase of property and equipment	(1,934,610)	(5,254,665)
Proceeds from sale of site		8,107,508
Proceeds from sales of property and equipment	836,956	730,697
Proceeds from sale of marketable securities		6,927,003
Net cash provided by (used in) investing activities	(1,097,654)	10,510,543
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from common share issuances		6,192,845
Payments of stock issuance costs		(380,950)
Proceeds from borrowings		1,930,425
Repayment of finance lease liabilities	(226,773)	(28,632)
Repayment of borrowings	(500,000)	(12,829,158)
Net cash (used in) provided by financing activities	(726,773)	(5,115,470)
Effect of exchange rate changes on cash and cash equivalents		(26,427)
Net increase/(decrease) in cash and cash equivalents	1,282,007	550,573
Cash and cash equivalents at beginning of period	4,476,339	946,265
Cash and cash equivalents at end of period	5,758,346	1,496,838
Supplemental disclosure of cash flow information
Cash paid for interest	29,903
Cash paid for income taxes	777,500
Non-cash transactions
Recognition of right of use operating asset and lease liability		929,138
Accrued interest on convertible notes settled in common stock		$ 276,959

General

General	9 Months Ended
	Sep. 30, 2024
General [Abstract]
GENERAL	NOTE 1 – GENERAL Nature of Operations Mawson Infrastructure Group Inc. (“Mawson,” the “Company,” “we,” “us,” and “our”) is a technology company focused on digital infrastructure platforms, headquartered in the United States of America. The Company 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. The Company was previously known as Wize Pharma Inc and changed its name on March 17, 2021. Shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) have been listed on The Nasdaq Capital Market since September 29, 2021. The Company develops and operates digital infrastructure platforms for enterprise customers and for its own purposes. The Company’s digital infrastructure platforms can be used to operate computing resources for a number of applications, and are offered across digital assets, artificial intelligence (AI), high-performance computing (HPC) and other computing applications. The Company also has an energy management business, which utilizes software and analysis, to generate revenue when the Company adapts its power usage to the real-time needs of the grid. The Company may also transact in digital computational machines, data center infrastructure, and related equipment periodically, subject to business and commercial opportunities. The Company has a strategy to prioritize the usage of carbon-free energy sources, including nuclear energy, to power its digital infrastructure platforms and computational machines. The Company manages and operates digital infrastructure platforms delivering a total current capacity of approximately 129 megawatts (MW) with its current operational sites with an additional 24 MW of future capacity that is under development, all strategically located in locations served by the PJM Energy Market in the United States. The PJM Energy Market is the largest wholesale power market in North America. Previously, the Company also had interests in the Australian market, however for strategic and commercial reasons, the Company is currently focused on advancing its interests in North America. The Company currently operates facilities in the United States of America and does not have operating sites in Australia. 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 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 of America (“GAAP”). 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 the 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. Going Concern The accompanying consolidated, condensed unaudited interim financial statements have been prepared assuming the Company will continue on 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. Pursuant to the requirements of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) Topic 205-40, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern For the nine-months ended September 30, 2024, the Company incurred a loss after tax of $41.61 million, and as of September 30, 2024, had negative working capital of $36.09 million, had stockholders’ deficit of $1.56 million and had an accumulated deficit of $224.28 million. The Company’s cash position as of September 30, 2024, was $5.76 million. The Company’s revenue is dependent on a number of external factors, including commercial terms, payments from customers, payments from partners, counterparty risks, and market conditions, including those related to digital assets, artificial intelligence, high-performance computing and other markets. 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 equipment and infrastructure will require replacement over time as they come to the end of their useful lives to ensure that the Company can continue to operate competitively and efficiently Celsius Colocation Agreement Dispute 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 “Celsius Collocation Agreement Dispute”). The Company opposes the claim in arbitration and on August 12, 2024, filed responsive pleadings denying the claims and asserting affirmative defenses, including set off against the claims, and the Company 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 but not limited to, for breach of the Digital Colocation Agreement by Celsius. The matter is proceeding through the arbitration process. An arbitrator was appointed on September 30, 2024 and the parties submitted their respective positions on October 25, 2024 regarding the scheduling of the arbitration. A preliminary hearing was held on October 30, 2024 before the arbitrator to establish an arbitration schedule. Company plans to pursue its claims again Celsius and to defend against claims alleged by Celsius. Loan Disputes with Australian Entities (W Capital and Marshall) The Company is the guarantor of 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 $10.53 million as of September 30, 2024. There have 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, which 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. Subsequently, on October 3, 2024, a proceeding before the Federal Court of Australia, New South Wales entitled “In The Matter Of Mawson Infrastructure Group Inc. (ARBN 649 261 861)”, File No. NSD1395/2024” was filed by W Capital against the Company, seeking a hearing on November 29, 2024 to determine the Company’s solvency under Australian law. Marshall Investments GCP Pty Ltd gave formal notice that it intends to appear before the court (the “Marshall and W Capital Australian Loan Disputes”). The current proceeding is in Australian courts and there are no associated proceedings in the United States. The Company believes that W Capital and Marshall are using this proceeding in Australia as a bad faith attempt to gain leverage in ongoing legal disputes between the parties. The Company is the guarantor on of a Secured Loan Facility Agreement for working capital by Mawson Infrastructure Group Pty Ltd with W Capital Advisors Pty Ltd. As of September 30, 2024, AUD $1.95 million (USD $1.35 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. 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. 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. 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: ● Expanding its digital infrastructure platform and increasing capacities for either digital colocation services and/or AI and HPC markets; ● Executing new customer digital colocation service agreements in either AI, HPC, and/or digital assets mining to diversify its exposure across customers and/or markets; ● Engaging in discussions with capital providers, including related to equity and/or debt; ● Considering equity issuances such as capital raises and at-the-market (ATM) transactions; ● Assessing and evaluating corporate and strategic transactions; ● Assessing and evaluating commercial opportunities or other business opportunities under consideration; ● Conducting assessments to identify and implement operational improvements and/or efficiencies and other actions aimed at enhancing revenue and/or optimizing expenses; and ● Evaluating, assessing and pursuing business revenue and margin expansion opportunities. Mawson successfully expanded its Midland Facility by 20 MW in June 2024, increasing its total operating capacity to about 129 MW from about 109 MW. In August 2024, Mawson expanded into Perry County, Ohio securing an initial 24 MW of capacity that could expand Mawson’s operating capacity to 153 MW once completed. The Company also announced in June 2024 that it had executed a new digital colocation agreement for about 20 MW, or about 5,880 mining units at its Midland facilities. This agreement helped further diversify our customer base and expand our digital colocation services. Although the Company may have access to capital, equity, debt, and/or 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. 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. 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Basis of Preparation The accompanying unaudited consolidated condensed financial statements of the Company include the accounts of the Company and its wholly or majority owned and controlled subsidiaries. Intercompany investments, balances and transactions have been eliminated in consolidation. Non–controlling interests represent the minority equity investment in the Company’s subsidiaries, plus the minority investors’ share of the net operating results and other components of equity relating to the non–controlling interest. Any change in the Company’s ownership interest in a consolidated subsidiary, through additional equity issuances by the consolidated subsidiary or from the Company acquiring the shares from existing stockholders, in which the Company maintains control is recognized as an equity transaction, with appropriate adjustments to both the Company’s additional paid-in capital and the corresponding non-controlling interest. Use of Estimates and Assumptions 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. Revenue recognition Digital colocation revenue The Company additionally charges colocation fees for the use of the facilities, and other related fees. Digital colocation customers typically pay for energy used in connection with the customer colocation services agreement on a pass-through basis, which may be on a fixed or variable basis calculated on the portion of energy used by the customer on the site. Revenue is typically received monthly from the customer based on the power usage at the rates outlined in each customer contract. The customer contracts contain variable consideration to be allocated to and recognized in the period to which the consideration relates. Usually this is when it is invoiced, rather than obtaining an estimation of variable consideration at the beginning of the customer contracts. Energy management revenue The Company also has an energy management business to generate revenue when the Company adapts its power usage to the real-time needs of the grid. Revenue for curtailing power is recognized over the period that the services are being provided. The Company estimates the amount of curtailable power and the expected payment for that curtailment and recognizes revenue based on the proportion of the service that has been provided. In this arrangement, the Company is considered the principal and revenue is recognized on a gross basis. Revenue through the Company’s power pricing arrangement is recognized over the period that the services are being provided. The Company estimates the amount of energy available for sale and the expected payment for that energy, and recognizes revenue based on the proportion of the service that has been provided. In this arrangement, the Company is considered the principal and revenue is recognized on a gross basis. Digital mining revenue The Company recognizes revenue under ASC 606, Revenue from Contracts with Customers In order to identify the performance obligations in a contract with a customer, a company must assess the promised goods or services in the contract and identify each promised good or service that is distinct. A performance obligation meets ASC 606’s definition of a “distinct” good or service (or bundle of goods or services) if both of the following criteria are met: the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer (i.e., the good or service is capable of being distinct), and the entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract (i.e., the promise to transfer the good or service is distinct within the context of the contract). The Company has a contract with mining pools and has undertaken the performance obligation of providing computing power in exchange for non-cash consideration in the form of digital assets. The provision of computing power is the only performance obligation in the Company’s contract with its pool operators. Where the consideration received is variable (for example, due to payment only being made upon successful mining), it is recognized when it is highly probable that the variability is resolved, which is generally when the digital asset is received. The Company measures the non-cash consideration received at the fair market value of the digital asset received. Management estimates fair value on a daily basis, as the quantity of digital assets received multiplied by the price quoted on the exchange that the Company uses to dispose of digital assets. Equipment sales The Company had previously earned revenues from the sale of equipment and/or infrastructure (collectively, “Hardware”). Revenue from the sale of Hardware is recognized upon transfer of control of the Hardware to the customer. At the date of sale, the net book value is expensed in cost of revenues. Property, Plant, and Equipment Property, plant and equipment (PP&E) are stated at cost, net of accumulated depreciation. All other repair and maintenance costs are charged to operating expenses as incurred. The present value of the expected cost for the decommissioning of an asset after its use is included in the cost of the respective asset if the recognition criteria for a provision are met. Property, plant and equipment transferred from customers is initially measured at the fair value at the date on which control is obtained. PP&E are depreciated on a straight-line or declining balance basis based on the asset classification, over their useful lives to the economic entity commencing from the time the assets arrive at their destination where they are ready for use. Low-cost assets are capitalized and immediately depreciated. Depreciation is calculated over the following estimated useful lives: Asset class Useful life Depreciation Method Fixtures 5 years Straight-Line Plant and equipment 10 years Straight-Line Modular data center 5 years Declining Motor vehicles 5 years Straight-Line Computer equipment 3 years Straight-Line Computational and Processing machinery (Miners) 2 years Straight-Line Transformers 15 years Straight-Line Leasehold improvements Shorter of useful life or lease term Straight-Line PP&E are derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset is included in the consolidated statement of operations. The residual values, useful lives and methods of depreciation of PP&E are reviewed at each financial year end and adjusted prospectively, if appropriate. The Company’s long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such an asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Fair value of financial instruments: The Company accounts for financial instruments under ASC 820, Fair Value Measurements Level 1 — Level 2 — observable inputs other than Level 1, quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, and model-derived prices whose inputs are observable or whose significant value drivers are observable; and Level 3 — assets and liabilities whose significant value drivers are unobservable. Observable inputs are based on market data obtained from independent sources, while unobservable inputs are based on the Company’s market assumptions. Unobservable inputs require significant management judgment or estimation. In some cases, the inputs used to measure an asset or liability may fall into different levels of the fair value hierarchy. In those instances, the fair value measurement is required to be classified using the lowest level of input that is significant to the fair value measurement. Such determination requires significant management judgment. Fair value measured as of September 30, 2024 Total Total Total Total Derivative asset $ 3,179,992 - - $ 3,179,992 Fair value measured as of December 31, 2023 Total Total Total Total Derivative asset $ 4,058,088 - - $ 4,058,088 Level 3 Assets: In June 2022, the Company entered into a Power Supply Agreement with Energy Harbor LLC, the energy supplier to the Company’s Midland, Pennsylvania facility, to provide the delivery of a fixed portion of the total amount of electricity for a fixed price through to December 2026. There were five amendments to the contract with Energy Harbor LLC entered into in November 2023, December 2023, January 2024, April 2024 and May 2024 all the contracts were to purchase additional electricity at a fixed price for the months of December 2023, January 2024, February 2024, April 2024, May 2024 and June 2024. If the Midland, Pennsylvania facility uses more electricity than contracted, the cost of the excess is incurred at a new price quoted by Energy Harbor LLC. While the Company participates in energy management programs at its Midland, Pennsylvania facility, the Company does not consider such actions as trading activities. That is, the Company does not engage in speculation in the power market as part of its ordinary activities. Because the sale of any electricity under a curtailment program allows for net settlement, the Company has determined the Power Supply Agreement meets the definition of a derivative under ASC 815, Derivatives and Hedging The Power Supply Agreement was classified as a derivative asset beginning in the quarter ended September 30, 2022, and measured at fair value on the date of Power Supply Agreement, with changes in fair value recognized in the accompanying consolidated statements of operations. The estimated fair value of the Company’s derivative asset is classified in Level 3 of the fair value hierarchy due to the significant unobservable inputs utilized in the valuation. Specifically, the Company’s discounted cash flow estimation models contain quoted commodity exchange spot and forward prices and are adjusted for basis spreads for load zone-to-hub differentials through the term of the Power Supply Agreement, which expires in December 2026. In addition, the Company adopted a discount rate of approximately 20% above the terminal value of the observable market inputs, but also includes unobservable inputs based on qualitative judgment related to company-specific risk factors. The terms of the Power Supply Agreement require pre-payment of collateral, calculated as forward cost based on the market cost rate of electricity versus the fixed price stated in the contract. Stock based compensation The Company follows ASC 718-10, Compensation-Stock Compensation Digital assets Digital assets are included in current assets in the consolidated balance sheets. Digital assets are classified as indefinite-lived intangible assets in accordance with ASC 350, Intangibles – Goodwill and Other The following table presents the Company’s digital assets (such as bitcoin) activities for the three-months and nine-months ended September 30, 2024: Three- Nine- Opening number of bitcoin held Number of bitcoin received 13.47 203.05 Number of bitcoin sold (13.47 ) (203.05 ) Closing number of bitcoin held 0.00 0.00 Digital assets are not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived asset is impaired. Impairment exists when the carrying amount exceeds its fair value. In testing for impairment, the Company has the option to first perform a qualitative assessment to determine whether it is more likely than not that an impairment exists. If it is determined that it is not likely that an impairment exists, a quantitative impairment test is not necessary. If the Company concludes otherwise, it is required to perform a quantitative impairment test. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted. The Company’s policy is to typically dispose of bitcoin received from mining operations at the earliest opportunity, therefore the holding period is generally minimal, usually no more than a few days. Due to the short period for which bitcoin is held prior to sale and the consequent small numbers held, the risk of impairment is not material. No impairment charges have been recorded during the nine-month periods ended September 30, 2024 and 2023. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the impact of recently issued standards that are not yet effective will not have a material impact on the Company’s financial position or results of operations upon adoption. In December 2023, the FASB issued ASU 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Topic 3580-60): Accounting for and Disclosure of Crypto Assets. Under the new guidance, an entity would be required to subsequently measure certain crypto assets at fair value, with changes in fair value included in net income in each reporting period. The proposed set of rules would also require presentation of crypto assets and related fair value changes separately in the balance sheet and income statement and require various disclosures in interim and annual periods. The Company does not expect the adoption of ASU 2023-08 to have a material impact on its consolidated financial statements since the Company’s policy is to dispose of bitcoin received from mining operations at the earliest opportunity, therefore the holding period is minimal, usually no more than a few days. ASU 2023-08 is effective for fiscal years beginning after December 15, 2024 and interim periods within those fiscal years. The Company will adopt ASU 2023-08 on January 1, 2025.

Australian Subsidiaries Deconso

Australian Subsidiaries Deconsolidation	9 Months Ended
	Sep. 30, 2024
Australian Subsidiaries Deconsolidation [Abstract]
AUSTRALIAN SUBSIDIARIES DECONSOLIDATION	NOTE 3 – AUSTRALIAN SUBSIDIARIES DECONSOLIDATION Previously, the Company also had interests in the Australian market, however for strategic and commercial reasons, the Company is currently focused on advancing its interests in North America. 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. MIG No.1 (Australian Entity) Liquidation and Deconsolidation of an Australian entity MIG No.1 On March 19, 2024, the Company’s subsidiary and an Australian entity, MIG No.1 was placed into an Australian court appointed liquidation due to it being deemed insolvent in Australia. The liquidation of an insolvent company in Australia allows an independent registered Australian liquidator (the liquidator) to take control of the Australian entity so its affairs can be wound up in an orderly and fair way and to benefit creditors. In the instance of MIG No.1, it is an Australian court liquidation, where a liquidator is appointed by the Australian court to wind up a company following an application (by a creditor of MIG No.1). As a result of this, the Company ceded authority for managing this Australian entity to the Australian liquidator, and the Company does not carry on MIG No.1’s activities in the ordinary course of business. For these reasons, it was concluded that the Company had ceded control of MIG No.1, and no longer had significant influence over this Australian entity since the liquidator was in control of this Australian entity. Therefore, MIG No.1 loss of control was effective when it was placed into Australian court appointed liquidation on March 19, 2024, and was deconsolidated at this date, in accordance with ASC 810-10-15. In order to deconsolidate this Australian entity, MIG No.1, the carrying values of the assets, liabilities and equity components previously recognized in accumulated other comprehensive income of MIG No.1 were removed from the Company’s consolidated balance sheet as of March 19, 2024, in accordance with ASC 810, Consolidation Investment in the Australian entity MIG No.1 The investment in this Australian entity, MIG No.1, held by the Company was accounted for under ASC 321, Investments — Equity Securities Treatment of intercompany balances The Company had total payables owed to MIG No.1 of $1.24 million. These payables have been treated as external payables from the date of liquidation, March 19, 2024. Australian entity MIG No.1 Secured Loan Facility Agreement MIG No. 1 has a Secured Loan Facility Agreement with Marshall. The loan matured in February 2024 and the total outstanding balance is $10.53 million as of September 30, 2024. The Company is a guarantor of this loan. Mawson AU Pty Ltd (Australian Entity) Liquidation and Deconsolidation of an Australian entity Mawson AU Pty Ltd On April 23, 2024, the Company’s Australian entity and a subsidiary, Mawson AU Pty Ltd was placed into an Australian court appointed liquidation. The liquidation of an insolvent Australian company in Australia allows an independent registered Australian liquidator (the liquidator) to take control of the Australian entity so its affairs can be wound up in an orderly approach. In the instance of Mawson AU Pty Ltd, it is an Australian court liquidation, where a liquidator is appointed by the Australian court to wind up a company. As a result of this the Company ceded authority for this Australian entity to the Australian liquidator, and the Company does not carry on Mawson AU Pty Ltd’s activities in the ordinary course of business. For these reasons, it was concluded that the Company had ceded control of Mawson AU Pty Ltd, and no longer had significant influence over this Australian entity since the liquidator was in control of this Australian entity. Therefore, Mawson AU Pty Ltd loss of control was effective when it was placed into Australian court appointed liquidation on April 23, 2024, and was deconsolidated at this date, in accordance with ASC 810-10-15. In order to deconsolidate this Australian entity, Mawson AU Pty Ltd, the carrying values of the assets, liabilities and equity components previously recognized in accumulated other comprehensive income of Mawson AU Pty Ltd were removed from the Company’s consolidated balance sheet as of April 23, 2024, in accordance with ASC 810, Consolidation Investment in the Australian entity Mawson AU Pty Ltd The investment in this Australian entity, Mawson AU Pty Ltd, held by the Company was accounted for under ASC 321, Investments — Equity Securities Treatment of intercompany balances The Company had total receivables owed from Mawson AU Pty Ltd of $3.77 million. In accordance with ASC 310, these receivables have been treated as external receivables from the date of liquidation, April 23, 2024, and written off in the condensed, consolidated financial statements. Mawson Services Pty Ltd (Australian Entity) Liquidation and Deconsolidation of an Australian entity Mawson Services Pty Ltd On April 29, 2024, the Company’s Australian entity and a subsidiary, Mawson Services Pty Ltd was placed into an Australian court appointed liquidation. The liquidation of an insolvent company in Australia allows an independent registered Australian liquidator (the liquidator) to take control of the Australian entity so its affairs can be wound up in an orderly approach As a result of this the Company ceded authority for this Australian entity to the Australian liquidator, and the Company does not carry on Mawson Services Pty Ltd’s activities in the ordinary course of business. For these reasons, it was concluded that the Company had ceded control of Mawson Services Pty Ltd, and no longer had significant influence over this Australian entity since the liquidator was in control of this Australian entity. Therefore, Mawson Services Pty Ltd loss of control was effective when it was placed into Australian court appointed liquidation on April 29, 2024, and was deconsolidated at this date, in accordance with ASC 810-10-15. In order to deconsolidate this Australian entity, Mawson Services Pty Ltd, the carrying values of the assets, liabilities and equity components previously recognized in accumulated other comprehensive income of Mawson Services Pty Ltd were removed from the Company’s consolidated balance sheet as of April 29, 2024, in accordance with ASC 810, Consolidation Investment in the Australian entity Mawson Services Pty Ltd The investment in this Australian entity, Mawson Services Pty Ltd, held by the Company was accounted for under ASC 321, Investments — Equity Securities Treatment of intercompany balances The Company had no payables or receivables owed to Mawson Services Pty Ltd at the date of liquidation, April 29, 2024.

Basic and Diluted Net Loss Per

Basic and Diluted Net Loss Per Share	9 Months Ended
	Sep. 30, 2024
Basic and Diluted Net Loss Per Share [Abstract]
BASIC AND DILUTED NET LOSS PER SHARE	NOTE 4 – BASIC AND DILUTED NET LOSS PER SHARE Net loss per common share is calculated in accordance with ASC 260, Earnings Per Share Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share as of September 30, 2024 and 2023, are as follows: As of September 30, 2024 2023 Warrants to purchase common stock 4,904,016 5,546,122 Options to purchase common stock 3,500,417 1,750,417 Restricted Stock-Units (“RSU’s”) issued under equity incentive plan(s) 14,335,305 5,660,426 22,739,738 12,956,965

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
LEASES	NOTE 5 – LEASES The Company’s operating leases are for digital mining and colocation sites and its finance leases are primarily for related plant and equipment. The Company’s lease costs recognized in the consolidated condensed statements of operations consist of the following: For the three-Months ended For the nine-Months ended 2024 2023 2024 2023 Operating lease charges (1) $ 533,963 $ 448,449 $ 1,325,171 $ 1,260,440 Finance lease charges: Amortization of right-of-use assets $ 102,797 $ 8,143 $ 150,635 $ 24,430 Interest on lease obligations $ 23,536 $ 1,799 $ 35,234 $ 5,820 (1) Included in selling, general and administrative expenses. The following is a schedule of the Company’s lease liabilities by contractual maturity as of September 30, 2024: Operating Finance Remainder of 2024 $ 380,839 $ 103,294 2025 1,710,898 413,176 2026 1,584,205 216,266 2027 1,270,570 - Total undiscounted lease obligations 4,946,512 732,736 Less imputed interest (909,388 ) (83,821 ) Total present value of lease liabilities 4,037,124 648,915 Less current portion of lease liabilities 1,208,262 346,819 Non-current lease liabilities $ 2,828,862 $ 302,095 Other lease information as of September 30, 2024: Operating Finance Operating cash out flows from leases $ 1,516,767 $ 226,773 Weighted-average remaining lease term (years) 2.89 1.59 Weighted-average discount rate (%) 8.6 % 13.4 %

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 6 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net, consisted of the following: September 30, December 31, Plant and equipment $ 10,404,241 $ 4,973,191 Computer equipment 176,151 125,695 Processing machines (Miners) 77,447,520 102,984,186 Modular data center 22,103,986 25,449,717 Motor Vehicles 199,246 199,246 Transformers 9,344,544 9,843,359 Low-cost assets 1,047,876 998,815 Assets under construction - 4,764,051 Leasehold improvements 487,527 487,527 Total 121,211,091 149,825,787 Less: Accumulated depreciation (91,494,807 ) (92,085,496 ) Property, plant and equipment, net $ 29,716,284 $ 57,740,291 The Company incurred depreciation and amortization expenses in the amounts of $3.61 million and $11.88 million for the three-month period ended September 30, 2024 and 2023, respectively. The Company incurred depreciation and amortization expenses in the amounts of $16.21 million and $28.63 million for the nine-month periods ended September 30, 2024 and 2023, respectively. There were no

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income taxes [Abstract]
INCOME TAXES	NOTE 7 – INCOME TAXES The Company records income taxes using the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax effects attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases, and operating loss and tax credit carryforwards. The Company establishes a valuation allowance if management believes it is more likely than not that the deferred tax assets will not be recovered based on an evaluation of objective verifiable evidence. Management has considered the Company’s history of book and tax income and losses incurred since inception, and the other positive and negative evidence, and has concluded as of this time that it is more likely than not that the Company will not realize the benefits of the net deferred tax assets as of September 30, 2024. The Company recorded income tax benefit (expense) of approximately 5.10% and 0.0% of loss before income tax expense for the three-month periods ended September 30, 2024 and 2023, respectively. For the Three-Months ended 2024 2023 Effective income tax rate 5.10 % 0.00 % For the Nine-Months ended 2024 2023 Effective income tax rate (2.60 )% 0.00 % As of September 30, 2024, the Company had no unrecognized tax benefits and does not anticipate any significant change to the unrecognized tax benefit balance.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2024
Borrowings [Abstract]
BORROWINGS	NOTE 8 – BORROWINGS W Capital loan The Company is the guarantor of a Secured Loan Facility Agreement for working capital by Mawson Infrastructure Group Pty Ltd with W Capital Advisors Pty Ltd. As of September 30, 2024, AUD $1.95 million (USD $1.35 million) has been drawn down from this facility, all of which is classified as a current liability. The Secured Loan Facility accrues interest daily at a rate of 12% per annum (with an overdue rate provision of an additional 800bps) and is paid monthly. Principal repayments are paid ad hoc in line with the loan facility agreement. The Secured Loan Facility expired in March 2023. This Secured Loan Facility Agreement was originally with Mawson Infrastructure Group Pty Ltd and this Australian entity 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. The Company has corresponded with W Capital Advisory Pty Ltd and/or its representatives, the Company’s ongoing significant concerns about W Capital Advisory Ptv Ltd and James Manning, a former board director and executive of the Company, being related parties. W Capital Advisory Pty has not responded to the Company’s concerns in a manner satisfactory to the Company. Marshall loan The Company is the guarantor of a Secured Loan Facility Agreement by MIG No. 1 with Marshall. The loan matured in February 2024 and bears interest at a rate of 12% per annum (with an overdue rate provision of an additional 500bps), payable monthly with interest payments that commenced in December 2021. This loan facility is secured by direct assets of MIG No.1 Pty Ltd and a general security agreement given by the Company. Principal repayments began during November 2022. The outstanding balance including interest is $10.53 million as of September 30, 2024, all of which is classified as a current liability. 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 19, 2024. On March 19, 2024, Marshall appointed receivers and managers in Australia under the terms of their security relating to their secured loan facility. The direct assets that secure this loan include 5,372 miners and 8 modular data centers (“MDCs”), these assets are held by the MIG No.1 and therefore were included in the deconsolidation. The receiver’s statutory duty includes the obligation to sell the secured assets at market value or, if market value is not known, at the best price reasonably obtainable to maximize the prospects of there being sufficient proceeds available to satisfy the balance of the outstanding secured debt. It is therefore expected that this loan balance will be offset in the future by the amount received from the sale of these miners and MDCs. On June 25, 2024, Marshall inspected and inventoried the miners and MDCs located at the Company’s Midland facilities. The Company is currently not utilizing these miners or MDCs for its operations and has asked Marshall to take these assets out of the Company’s storage. Marshall has not responded to the Company’s ask for these miners and MDCs to be removed from the Company’s storage. The Company is reserving all its rights and remedies against Marshall. Celsius loan On February 23, 2022, Luna entered into a Digital Colocation Agreement with Celsius Mining LLC. In connection with this agreement, Celsius Mining LLC loaned Luna a principal amount of $20.00 million, for the purpose of funding the infrastructure required to meet the obligations of the Digital Colocation Agreement, for which Luna issued a Secured Promissory Note for repayment of such amount. The Secured Promissory Note accrues interest daily at a rate of 12% per annum (with an overdue rate provision of an additional 200bps). Luna is required to amortize the loan at a rate of 15% per quarter, principal repayments began at the end of September 2022. The Secured Promissory Note had a maturity date of August 23, 2023, the outstanding balance including interest is $9.38 million as of September 30, 2024, all of which is classified as a current liability. Celsius Mining LLC transferred the benefit of the promissory note to Celsius Network Ltd. Celsius Mining LLC and Celsius Network Ltd filed for Chapter 11 bankruptcy protection on July 13, 2022. Under the Digital Colocation Agreement, Celsius Mining LLC advanced $15.33 million to Luna that were held as a deposit. Whether that amount has been forfeited or must be returned to Celsius Mining LLC is the subject of a dispute between the parties. Pursuant to a court order dated April 22, 2024, the Celsius civil lawsuit against Luna and Mawson has been 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”. For more details on this dispute, please see the Celsius Collocation Agreement Dispute found in Part I. Financial Information, Item 1. Financial Statements, contained in this Form 10-Q and made part here of and incorporated herein by reference. Convertible notes On July 8, 2022, the Company issued secured convertible promissory notes to investors in exchange for cash. The outstanding balance relates to the interest on the convertible note which has been accrued from July 2022 onwards and therefore the outstanding balance is $0.11 million as of September 30, 2024, all of which is classified as a current liability. 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 should be in the United States as set forth in the agreements between the parties. Despite its objections, the Australian court ruled in favor of the Australian claimant and rendered a judgment against the Company under Australian law 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. On June 12, 2024, W Capital issued a statutory demand under Australian Law to the Company seeking 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. The Company rejected this demand. Subsequently, on October 3, 2024, a proceeding before the Federal Court of Australia, New South Wales was filed by W Capital against the Company, seeking a hearing in Australia on November 29, 2024 regarding its claims related to Company’s solvency under Australian law. The current proceeding is in Australian courts and there are no associated proceedings in the United States. The Company believes that W Capital and Marshall are using this proceeding in Australia as a bad faith attempt to gain leverage in ongoing legal disputes between the parties. For further information, please reference the Marshall and W Capital Australian Loan Disputes found in Part I. Financial Information, Item 1. Financial Statements, made part here of and incorporated herein by reference.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2024
Stockholders
STOCKHOLDERS’ EQUITY	NOTE 9 – STOCKHOLDERS’ EQUITY Common Stock During the nine-month period ended September 30, 2024, vested and outstanding restricted stock units were exercised for 2,062,903 shares of common stock of the Company. Common Stock Warrants The Company’s outstanding stock warrants have not changed during the nine-months ended September 30, 2024. The outstanding stock warrants as of September 30, 2024 are 4,904,016 with a weighted average remaining contractual life (in years) of 2.90 and a weighted average exercise price of $11.07, all of which are exercisable. Stock-Based Compensation: Equity plans 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. The 2024 Plan replaced and succeeded the Company’s 2018 Equity Incentive Plan and 2021 Equity Incentive Plan. The 2024 Plan provides that awards issued under the 2024 Plan, the 2018 Plan or the 2021 Plan that expire, lapse or are terminated, surrendered or canceled without having been fully exercised or are forfeited in whole or in part, in any case in a manner that results in any share of Common Stock covered by such award being reacquired by the Company or otherwise not being issued, such share of Common Stock shall again be available for the grant of awards under the 2024 Plan. Further, shares of Common Stock delivered (either by actual delivery or attestation) to the Company by a participant to (1) satisfy the applicable exercise or purchase price of an award, and/or (2) satisfy any applicable tax withholding obligation, in each case, shall be added to the number of shares of Common Stock available for the grant of awards under the 2024 Plan. Therefore, an additional 5,000,000 shares of Common Stock are being registered hereunder for those purposes, for an aggregate of 15,000,000 shares of Common Stock being registered hereunder. The Company recognized stock-based compensation expense during the three and nine months ended September 30, 2024 and 2023, as follows: For the Three-Months ended For the Nine-Months ended 2024 2023 2024 2023 Performance-based restricted stock awards $ 2,913 $ (812,901 ) $ 79,070 $ (479,343 ) Service-based restricted stock awards 4,125,992 4,096,717 11,161,386 4,146,709 Stock issued to consultants - - - 307,069 Warrant expense - 500,500 - 1,501,500 Option expense* 1,191,918 - 35,098 - Total stock-based compensation** $ 5,320,823 $ 3,784,316 $ 11,275,554 $ 5,475,935 * The option expense for the nine-month period to September 30, 2024 contains a reversal of stock-based compensation expenses from 2023 for cancelled option awards, offset by option expense incurred during the period. ** Stock-based compensation expense in the consolidated, condensed unaudited statement of operations includes $11.28 million of stock-based compensation. Performance-based awards Performance-based awards generally vest over a three-year performance period upon the successful completion of specified market and performance conditions. The following table presents a summary of the Company’s performance-based awards restricted stock awards activity: Number of Weighted Outstanding as of December 31, 2023 75,545 8.58 Expired/forfeited (3,444 ) - Outstanding as of September 30, 2024 72,101 7.81 Exercisable as of September 30, 2024 61,617 6.70 Service-based restricted stock awards Service-based awards generally vest over a specified time period pursuant to the grant by the Compensation Committee of the Board of Directors and as specified in the award agreements or employment agreements. The following table presents a summary of the Company’s service-based awards activity: Number of Weighted Outstanding as of December 31, 2023 5,242,393 2.28 Issued 12,480,531 - Exercised (3,459,720 ) - Outstanding as of September 30, 2024 14,263,204 1.54 Exercisable as of September 30, 2024 16,804 0.01 As of September 30, 2024, there was approximately $20.54 million of unrecognized compensation cost related to the service-based restricted stock awards, which is expected to be recognized over a remaining weighted-average vesting period of approximately four years. Stock options awards Stock options awards vest upon the successful completion of specified stock price threshold conditions. The following table presents a summary of the Company’s Stock options awards activity: Number of Weighted Weighted Aggregate Outstanding as of December 31, 2023 3,500,417 $ 1.23 9.70 $ 6,923,000 Cancelled (1,750,000 ) 0.94 - - Issued 1,750,000 0.94 - - Outstanding as of September 30, 2024 3,500,417 $ 1.07 9.45 $ 605,500 Exercisable as of September 30, 2024 417 $ 0.00 - $ - As of September 30, 2024, there was approximately $0.61 million of unrecognized compensation cost related to the stock options awards, which is expected to be recognized over a remaining weighted-average vesting period of approximately eight months.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS Effective September 6, 2024, the Company terminated the At the Market Offering Agreement with H.C. Wainwright & Co., LLC dated May 27, 2022. The Company filed an 8K on October 25, 2024 announcing this termination. This filing is incorporated herein by reference. On October 3, 2024, a proceeding before the Federal Court of Australia, New South Wales was filed by W Capital against the Company, seeking a hearing on November 29, 2024 regarding its claims related to Company’s solvency under Australian law. The current proceeding is in Australian courts and there are no associated proceedings in the United States. The Company believes that W Capital and Marshall are using this proceeding in Australia as a bad faith attempt to gain leverage in ongoing legal disputes between the parties. For further information, please reference the Marshall and W Capital Australian Loan Disputes On October 17, 2024, the Company filed a complaint in The Court of Common Pleas of Mercer County, Pennsylvania (file number 2024-2332), against Vertua Property, Inc. as landlord for the Company’s Sharon, PA property for breach of the lease agreement and wrongful termination of the lease, as well as for tortious interference with a business relationship, seeking reinstatement of the lease, compensatory damages, disgorgement of revenue, and exemplary and punitive damages, as well as reimbursement for Plaintiffs’ costs and expenses including attorneys’ fees and costs of suit. Vertua Property, Inc. is a company affiliated to Darron Wolter of W Capital and to James Manning, a former board director and executive of the Company.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (12,227,738)	$ (19,047,617)	$ (41,610,630)	$ (47,493,548)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation and Basis of Preparation	Principles of Consolidation and Basis of Preparation The accompanying unaudited consolidated condensed financial statements of the Company include the accounts of the Company and its wholly or majority owned and controlled subsidiaries. Intercompany investments, balances and transactions have been eliminated in consolidation. Non–controlling interests represent the minority equity investment in the Company’s subsidiaries, plus the minority investors’ share of the net operating results and other components of equity relating to the non–controlling interest. Any change in the Company’s ownership interest in a consolidated subsidiary, through additional equity issuances by the consolidated subsidiary or from the Company acquiring the shares from existing stockholders, in which the Company maintains control is recognized as an equity transaction, with appropriate adjustments to both the Company’s additional paid-in capital and the corresponding non-controlling interest.
Use of Estimates and Assumptions	Use of Estimates and Assumptions 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.
Revenue recognition	Revenue recognition Digital colocation revenue The Company additionally charges colocation fees for the use of the facilities, and other related fees. Digital colocation customers typically pay for energy used in connection with the customer colocation services agreement on a pass-through basis, which may be on a fixed or variable basis calculated on the portion of energy used by the customer on the site. Revenue is typically received monthly from the customer based on the power usage at the rates outlined in each customer contract. The customer contracts contain variable consideration to be allocated to and recognized in the period to which the consideration relates. Usually this is when it is invoiced, rather than obtaining an estimation of variable consideration at the beginning of the customer contracts. Energy management revenue The Company also has an energy management business to generate revenue when the Company adapts its power usage to the real-time needs of the grid. Revenue for curtailing power is recognized over the period that the services are being provided. The Company estimates the amount of curtailable power and the expected payment for that curtailment and recognizes revenue based on the proportion of the service that has been provided. In this arrangement, the Company is considered the principal and revenue is recognized on a gross basis. Revenue through the Company’s power pricing arrangement is recognized over the period that the services are being provided. The Company estimates the amount of energy available for sale and the expected payment for that energy, and recognizes revenue based on the proportion of the service that has been provided. In this arrangement, the Company is considered the principal and revenue is recognized on a gross basis. Digital mining revenue The Company recognizes revenue under ASC 606, Revenue from Contracts with Customers In order to identify the performance obligations in a contract with a customer, a company must assess the promised goods or services in the contract and identify each promised good or service that is distinct. A performance obligation meets ASC 606’s definition of a “distinct” good or service (or bundle of goods or services) if both of the following criteria are met: the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer (i.e., the good or service is capable of being distinct), and the entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract (i.e., the promise to transfer the good or service is distinct within the context of the contract). The Company has a contract with mining pools and has undertaken the performance obligation of providing computing power in exchange for non-cash consideration in the form of digital assets. The provision of computing power is the only performance obligation in the Company’s contract with its pool operators. Where the consideration received is variable (for example, due to payment only being made upon successful mining), it is recognized when it is highly probable that the variability is resolved, which is generally when the digital asset is received. The Company measures the non-cash consideration received at the fair market value of the digital asset received. Management estimates fair value on a daily basis, as the quantity of digital assets received multiplied by the price quoted on the exchange that the Company uses to dispose of digital assets. Equipment sales The Company had previously earned revenues from the sale of equipment and/or infrastructure (collectively, “Hardware”). Revenue from the sale of Hardware is recognized upon transfer of control of the Hardware to the customer. At the date of sale, the net book value is expensed in cost of revenues.
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant and equipment (PP&E) are stated at cost, net of accumulated depreciation. All other repair and maintenance costs are charged to operating expenses as incurred. The present value of the expected cost for the decommissioning of an asset after its use is included in the cost of the respective asset if the recognition criteria for a provision are met. Property, plant and equipment transferred from customers is initially measured at the fair value at the date on which control is obtained. PP&E are depreciated on a straight-line or declining balance basis based on the asset classification, over their useful lives to the economic entity commencing from the time the assets arrive at their destination where they are ready for use. Low-cost assets are capitalized and immediately depreciated. Depreciation is calculated over the following estimated useful lives: Asset class Useful life Depreciation Method Fixtures 5 years Straight-Line Plant and equipment 10 years Straight-Line Modular data center 5 years Declining Motor vehicles 5 years Straight-Line Computer equipment 3 years Straight-Line Computational and Processing machinery (Miners) 2 years Straight-Line Transformers 15 years Straight-Line Leasehold improvements Shorter of useful life or lease term Straight-Line PP&E are derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset is included in the consolidated statement of operations. The residual values, useful lives and methods of depreciation of PP&E are reviewed at each financial year end and adjusted prospectively, if appropriate. The Company’s long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such an asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.
Fair value of financial instruments:	Fair value of financial instruments: The Company accounts for financial instruments under ASC 820, Fair Value Measurements Level 1 — Level 2 — observable inputs other than Level 1, quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, and model-derived prices whose inputs are observable or whose significant value drivers are observable; and Level 3 — assets and liabilities whose significant value drivers are unobservable. Observable inputs are based on market data obtained from independent sources, while unobservable inputs are based on the Company’s market assumptions. Unobservable inputs require significant management judgment or estimation. In some cases, the inputs used to measure an asset or liability may fall into different levels of the fair value hierarchy. In those instances, the fair value measurement is required to be classified using the lowest level of input that is significant to the fair value measurement. Such determination requires significant management judgment. Fair value measured as of September 30, 2024 Total Total Total Total Derivative asset $ 3,179,992 - - $ 3,179,992 Fair value measured as of December 31, 2023 Total Total Total Total Derivative asset $ 4,058,088 - - $ 4,058,088 Level 3 Assets: In June 2022, the Company entered into a Power Supply Agreement with Energy Harbor LLC, the energy supplier to the Company’s Midland, Pennsylvania facility, to provide the delivery of a fixed portion of the total amount of electricity for a fixed price through to December 2026. There were five amendments to the contract with Energy Harbor LLC entered into in November 2023, December 2023, January 2024, April 2024 and May 2024 all the contracts were to purchase additional electricity at a fixed price for the months of December 2023, January 2024, February 2024, April 2024, May 2024 and June 2024. If the Midland, Pennsylvania facility uses more electricity than contracted, the cost of the excess is incurred at a new price quoted by Energy Harbor LLC. While the Company participates in energy management programs at its Midland, Pennsylvania facility, the Company does not consider such actions as trading activities. That is, the Company does not engage in speculation in the power market as part of its ordinary activities. Because the sale of any electricity under a curtailment program allows for net settlement, the Company has determined the Power Supply Agreement meets the definition of a derivative under ASC 815, Derivatives and Hedging The Power Supply Agreement was classified as a derivative asset beginning in the quarter ended September 30, 2022, and measured at fair value on the date of Power Supply Agreement, with changes in fair value recognized in the accompanying consolidated statements of operations. The estimated fair value of the Company’s derivative asset is classified in Level 3 of the fair value hierarchy due to the significant unobservable inputs utilized in the valuation. Specifically, the Company’s discounted cash flow estimation models contain quoted commodity exchange spot and forward prices and are adjusted for basis spreads for load zone-to-hub differentials through the term of the Power Supply Agreement, which expires in December 2026. In addition, the Company adopted a discount rate of approximately 20% above the terminal value of the observable market inputs, but also includes unobservable inputs based on qualitative judgment related to company-specific risk factors. The terms of the Power Supply Agreement require pre-payment of collateral, calculated as forward cost based on the market cost rate of electricity versus the fixed price stated in the contract.
Stock based compensation	Stock based compensation The Company follows ASC 718-10, Compensation-Stock Compensation
Digital assets	Digital assets Digital assets are included in current assets in the consolidated balance sheets. Digital assets are classified as indefinite-lived intangible assets in accordance with ASC 350, Intangibles – Goodwill and Other The following table presents the Company’s digital assets (such as bitcoin) activities for the three-months and nine-months ended September 30, 2024: Three- Nine- Opening number of bitcoin held Number of bitcoin received 13.47 203.05 Number of bitcoin sold (13.47 ) (203.05 ) Closing number of bitcoin held 0.00 0.00 Digital assets are not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived asset is impaired. Impairment exists when the carrying amount exceeds its fair value. In testing for impairment, the Company has the option to first perform a qualitative assessment to determine whether it is more likely than not that an impairment exists. If it is determined that it is not likely that an impairment exists, a quantitative impairment test is not necessary. If the Company concludes otherwise, it is required to perform a quantitative impairment test. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted. The Company’s policy is to typically dispose of bitcoin received from mining operations at the earliest opportunity, therefore the holding period is generally minimal, usually no more than a few days. Due to the short period for which bitcoin is held prior to sale and the consequent small numbers held, the risk of impairment is not material. No impairment charges have been recorded during the nine-month periods ended September 30, 2024 and 2023.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the impact of recently issued standards that are not yet effective will not have a material impact on the Company’s financial position or results of operations upon adoption. In December 2023, the FASB issued ASU 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Topic 3580-60): Accounting for and Disclosure of Crypto Assets. Under the new guidance, an entity would be required to subsequently measure certain crypto assets at fair value, with changes in fair value included in net income in each reporting period. The proposed set of rules would also require presentation of crypto assets and related fair value changes separately in the balance sheet and income statement and require various disclosures in interim and annual periods. The Company does not expect the adoption of ASU 2023-08 to have a material impact on its consolidated financial statements since the Company’s policy is to dispose of bitcoin received from mining operations at the earliest opportunity, therefore the holding period is minimal, usually no more than a few days. ASU 2023-08 is effective for fiscal years beginning after December 15, 2024 and interim periods within those fiscal years. The Company will adopt ASU 2023-08 on January 1, 2025.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Schedule of Estimated Useful Lives	Depreciation is calculated over the following estimated useful lives: Asset class Useful life Depreciation Method Fixtures 5 years Straight-Line Plant and equipment 10 years Straight-Line Modular data center 5 years Declining Motor vehicles 5 years Straight-Line Computer equipment 3 years Straight-Line Computational and Processing machinery (Miners) 2 years Straight-Line Transformers 15 years Straight-Line Leasehold improvements Shorter of useful life or lease term Straight-Line
Schedule of Fair Value Measurement	In those instances, the fair value measurement is required to be classified using the lowest level of input that is significant to the fair value measurement. Such determination requires significant management judgment. Fair value measured as of September 30, 2024 Total Total Total Total Derivative asset $ 3,179,992 - - $ 3,179,992 Fair value measured as of December 31, 2023 Total Total Total Total Derivative asset $ 4,058,088 - - $ 4,058,088
Schedule of Digital Assets	The following table presents the Company’s digital assets (such as bitcoin) activities for the three-months and nine-months ended September 30, 2024: Three- Nine- Opening number of bitcoin held Number of bitcoin received 13.47 203.05 Number of bitcoin sold (13.47 ) (203.05 ) Closing number of bitcoin held 0.00 0.00

Basic and Diluted Net Loss Pe_2

Basic and Diluted Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Basic and Diluted Net Loss Per Share [Abstract]
Schedule of Computation of Diluted Loss Per Share	Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share as of September 30, 2024 and 2023, are as follows: As of September 30, 2024 2023 Warrants to purchase common stock 4,904,016 5,546,122 Options to purchase common stock 3,500,417 1,750,417 Restricted Stock-Units (“RSU’s”) issued under equity incentive plan(s) 14,335,305 5,660,426 22,739,738 12,956,965

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Lease Costs Recognized in the Consolidated Condensed Statements of Operations	The Company’s lease costs recognized in the consolidated condensed statements of operations consist of the following: For the three-Months ended For the nine-Months ended 2024 2023 2024 2023 Operating lease charges (1) $ 533,963 $ 448,449 $ 1,325,171 $ 1,260,440 Finance lease charges: Amortization of right-of-use assets $ 102,797 $ 8,143 $ 150,635 $ 24,430 Interest on lease obligations $ 23,536 $ 1,799 $ 35,234 $ 5,820 (1) Included in selling, general and administrative expenses.
Schedule of Lease Liabilities by Contractual Maturity	The following is a schedule of the Company’s lease liabilities by contractual maturity as of September 30, 2024: Operating Finance Remainder of 2024 $ 380,839 $ 103,294 2025 1,710,898 413,176 2026 1,584,205 216,266 2027 1,270,570 - Total undiscounted lease obligations 4,946,512 732,736 Less imputed interest (909,388 ) (83,821 ) Total present value of lease liabilities 4,037,124 648,915 Less current portion of lease liabilities 1,208,262 346,819 Non-current lease liabilities $ 2,828,862 $ 302,095
Schedule of Other Lease Information	Other lease information as of September 30, 2024: Operating Finance Operating cash out flows from leases $ 1,516,767 $ 226,773 Weighted-average remaining lease term (years) 2.89 1.59 Weighted-average discount rate (%) 8.6 % 13.4 %

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment, Net	Property, plant and equipment, net, consisted of the following: September 30, December 31, Plant and equipment $ 10,404,241 $ 4,973,191 Computer equipment 176,151 125,695 Processing machines (Miners) 77,447,520 102,984,186 Modular data center 22,103,986 25,449,717 Motor Vehicles 199,246 199,246 Transformers 9,344,544 9,843,359 Low-cost assets 1,047,876 998,815 Assets under construction - 4,764,051 Leasehold improvements 487,527 487,527 Total 121,211,091 149,825,787 Less: Accumulated depreciation (91,494,807 ) (92,085,496 ) Property, plant and equipment, net $ 29,716,284 $ 57,740,291

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2024
Income taxes [Abstract]
Schedule of Income Tax Expense	The Company recorded income tax benefit (expense) of approximately 5.10% and 0.0% of loss before income tax expense for the three-month periods ended September 30, 2024 and 2023, respectively. For the Three-Months ended 2024 2023 Effective income tax rate 5.10 % 0.00 % For the Nine-Months ended 2024 2023 Effective income tax rate (2.60 )% 0.00 %

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Stockholders
Schedule of Outstanding Stock Warrants	The Company recognized stock-based compensation expense during the three and nine months ended September 30, 2024 and 2023, as follows: For the Three-Months ended For the Nine-Months ended 2024 2023 2024 2023 Performance-based restricted stock awards $ 2,913 $ (812,901 ) $ 79,070 $ (479,343 ) Service-based restricted stock awards 4,125,992 4,096,717 11,161,386 4,146,709 Stock issued to consultants - - - 307,069 Warrant expense - 500,500 - 1,501,500 Option expense* 1,191,918 - 35,098 - Total stock-based compensation** $ 5,320,823 $ 3,784,316 $ 11,275,554 $ 5,475,935 * The option expense for the nine-month period to September 30, 2024 contains a reversal of stock-based compensation expenses from 2023 for cancelled option awards, offset by option expense incurred during the period. ** Stock-based compensation expense in the consolidated, condensed unaudited statement of operations includes $11.28 million of stock-based compensation.
Schedule of Service-Based Awards Activity	The following table presents a summary of the Company’s performance-based awards restricted stock awards activity: Number of Weighted Outstanding as of December 31, 2023 75,545 8.58 Expired/forfeited (3,444 ) - Outstanding as of September 30, 2024 72,101 7.81 Exercisable as of September 30, 2024 61,617 6.70 Number of Weighted Outstanding as of December 31, 2023 5,242,393 2.28 Issued 12,480,531 - Exercised (3,459,720 ) - Outstanding as of September 30, 2024 14,263,204 1.54 Exercisable as of September 30, 2024 16,804 0.01 Number of Weighted Weighted Aggregate Outstanding as of December 31, 2023 3,500,417 $ 1.23 9.70 $ 6,923,000 Cancelled (1,750,000 ) 0.94 - - Issued 1,750,000 0.94 - - Outstanding as of September 30, 2024 3,500,417 $ 1.07 9.45 $ 605,500 Exercisable as of September 30, 2024 417 $ 0.00 - $ -

General (Details)

General (Details) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Aug. 12, 2024 USD ($)	Sep. 30, 2024 USD ($) $ / shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) $ / shares MW	Sep. 30, 2023 USD ($)	Sep. 30, 2024 AUD ($)	Dec. 31, 2023 USD ($) $ / shares
General [Line Items]
Common stock, par value (in Dollars per share) | $ / shares		$ 0.001		$ 0.001			$ 0.001
Net loss		$ (12,227,738)	$ (19,047,617)	$ (41,610,630)	$ (47,493,548)
Working capital				36,090,000
Stockholders’ deficit		(1,556,340)		(1,556,340)			$ 29,238,044
Accumulated deficit		(224,277,095)		(224,277,095)			(182,666,465)
Cash and cash equivalent		5,758,346		$ 5,758,346			$ 4,476,339
Expansion facilities (in Megawatts) | MW				20
Luna Squares Property LLC [Member]
General [Line Items]
Excess of amount	$ 115,000,000			$ 115,000,000
Marshall Investments GCP Pty Ltd [Member]
General [Line Items]
Outstanding amount				10,530,000
W Capital Advisors Pty Ltd [Member]
General [Line Items]
Loan facility		$ 1,350,000		$ 1,350,000		$ 1,950
Midland Facilities [Member]
General [Line Items]
Expansion facilities (in Megawatts) | MW				20
Maximum [Member]
General [Line Items]
Operating Capacity (in Megawatts) | MW				153
Maximum [Member] | Midland Facilities [Member]
General [Line Items]
Operating Capacity (in Megawatts) | MW				129
Minimum [Member]
General [Line Items]
Operating Capacity (in Megawatts) | MW				24
Minimum [Member] | Midland Facilities [Member]
General [Line Items]
Operating Capacity (in Megawatts) | MW				109
Common Stock [Member]
General [Line Items]
Common stock, par value (in Dollars per share) | $ / shares		$ 0.001		$ 0.001

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Line Items]
Discount rate	20%
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Treasury bond term	3 years
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Treasury bond term	5 years

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives	Dec. 31, 2024
Fixtures [Member]
Property, Plant and Equipment [Line Items]
Useful life	5 years
Depreciation method	Straight-Line
Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful life	10 years
Depreciation method	Straight-Line
Modular Data Center [Member]
Property, Plant and Equipment [Line Items]
Useful life	5 years
Depreciation method	Declining
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Useful life	5 years
Depreciation method	Straight-Line
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful life	3 years
Depreciation method	Straight-Line
Computational and Processing machinery (Miners) [Member]
Property, Plant and Equipment [Line Items]
Useful life	2 years
Depreciation method	Straight-Line
Transformers [Member]
Property, Plant and Equipment [Line Items]
Useful life	15 years
Depreciation method	Straight-Line
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Depreciation method	Straight-Line
Useful life	Shorter of useful life or lease term

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of Fair Value Measurement - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Schedule of Fair Value Measurement [Line Items]
Derivative asset	$ 3,179,992	$ 4,058,088
Fair value measured, Total Level 1 [Member]
Schedule of Fair Value Measurement [Line Items]
Derivative asset
Fair value measured, Total Level 2 [Member]
Schedule of Fair Value Measurement [Line Items]
Derivative asset
Fair value measured, Total Level 3 [Member]
Schedule of Fair Value Measurement [Line Items]
Derivative asset	$ 3,179,992	$ 4,058,088

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of Digital Assets - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Opening number of bitcoin held
Number of bitcoin received	$ 13.47	$ 203.05
Number of bitcoin sold	(13.47)	(203.05)
Closing number of bitcoin held	$ 0	$ 0

Australian Subsidiaries Decon_2

Australian Subsidiaries Deconsolidation (Details)	9 Months Ended
	Sep. 30, 2024 USD ($)
MIG No.1 [Member]
Australian Subsidiaries Deconsolidation [Line Items]
Gain on deconsolidation	$ 12,360,000
Total payables	1,240,000
Outstanding balance	10,530,000
Mawson Services Pty Ltd [Member]
Australian Subsidiaries Deconsolidation [Line Items]
Gain on deconsolidation	3,490,000
Total payables	3,770,000
Gain on deconsolidation	190,000
Investment in the Australian entity MIG No.1 [Member] | MIG No.1 [Member]
Australian Subsidiaries Deconsolidation [Line Items]
Gain on deconsolidation	0
Investment in the Australian entity Mawson AU Pty Ltd [Member] | Mawson Services Pty Ltd [Member]
Australian Subsidiaries Deconsolidation [Line Items]
Gain on deconsolidation	0
Investment in the Australian entity Mawson Services Pty Ltd [Member] | Mawson Services Pty Ltd [Member]
Australian Subsidiaries Deconsolidation [Line Items]
Gain on deconsolidation	$ 0

Basic and Diluted Net Loss Pe_3

Basic and Diluted Net Loss Per Share (Details) - Schedule of Computation of Diluted Loss Per Share - shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Computation of Diluted Loss Per Share [Line Items]
Total potentially dilute loss per share	22,739,738	12,956,965
Warrants to purchase common stock [Member]
Schedule of Computation of Diluted Loss Per Share [Line Items]
Total potentially dilute loss per share	4,904,016	5,546,122
Options to purchase common stock [Member]
Schedule of Computation of Diluted Loss Per Share [Line Items]
Total potentially dilute loss per share	3,500,417	1,750,417
Restricted Stock-Units (“RSU’s”) issued under equity incentive plan(s) [Member]
Schedule of Computation of Diluted Loss Per Share [Line Items]
Total potentially dilute loss per share	14,335,305	5,660,426

Leases (Details) - Schedule of

Leases (Details) - Schedule of Lease Costs Recognized in the Consolidated Condensed Statements of Operations - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of Lease Costs Recognized in the Consolidated Condensed Statements of Operations [Abstract]
Operating lease charges	[1]	$ 533,963	$ 448,449	$ 1,325,171	$ 1,260,440
Finance lease charges:
Amortization of right-of-use assets		102,797	8,143	150,635	24,430
Interest on lease obligations		$ 23,536	$ 1,799	$ 35,234	$ 5,820
[1] Included in selling, general and administrative expenses.

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of Lease Liabilities by Contractual Maturity	Sep. 30, 2024 USD ($)
Operating leases [Member]
Schedule of Lease Liabilities by Contractual Maturity [Line Items]
Operating leases, remainder of 2024	$ 380,839
Operating leases, 2025	1,710,898
Operating leases, 2026	1,584,205
Operating leases, 2027	1,270,570
Operating leases, total undiscounted lease obligations	4,946,512
Operating leases, less inputed interest	(909,388)
Operating leases, total present value of lease liabilities	4,037,124
Operating leases, less: current portion of lease liabilities	1,208,262
Operating leases, non-current lease liabilities	2,828,862
Finance leases [Member]
Schedule of Lease Liabilities by Contractual Maturity [Line Items]
Finance leases, remainder of 2024	103,294
Finance leases, 2025	413,176
Finance leases, 2026	216,266
Finance leases, 2027
Finance leases, total undiscounted lease obligations	732,736
Finance leases, less inputed interest	(83,821)
Finance leases, total present value of lease liabilities	648,915
Finance leases, less: current portion of lease liabilities	346,819
Finance leases, non-current lease liabilities	$ 302,095

Leases (Details) - Schedule o_3

Leases (Details) - Schedule of Other Lease Information	9 Months Ended
	Sep. 30, 2024 USD ($)
Operating leases [Member]
Schedule of Other Lease Information [Line Items]
Operating cash out flows from leases, Operating leases	$ 1,516,767
Weighted-average remaining lease term (years), Operating leases	2 years 10 months 20 days
Weighted-average discount rate (%), Operating leases	8.60%
Finance leases [Member]
Schedule of Other Lease Information [Line Items]
Operating cash out flows from leases, Finance leases	$ 226,773
Weighted-average remaining lease term (years), Finance leases	1 year 7 months 2 days
Weighted-average discount rate (%), Finance leases	13.40%

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Amortization expenses	$ 3,610	$ 11,880	$ 16,210	$ 28,630
Impairment charges

Property, Plant and Equipment_3

Property, Plant and Equipment (Details) - Schedule of Property, Plant and Equipment, Net - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 121,211,091	$ 149,825,787
Less: Accumulated depreciation	(91,494,807)	(92,085,496)
Property, plant and equipment, net	29,716,284	57,740,291
Plant and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,404,241	4,973,191
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	176,151	125,695
Processing machines (Miners) [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	77,447,520	102,984,186
Modular data center [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	22,103,986	25,449,717
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	199,246	199,246
Transformers [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	9,344,544	9,843,359
Low-cost assets [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,047,876	998,815
Assets under construction [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross		4,764,051
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 487,527	$ 487,527

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income taxes [Abstract]
Loss before income tax expense	5.10%	0%

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Income Tax Expense	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of Income Tax Expense [Abstract]
Effective income tax rate	5.10%	0%	(2.60%)	0%

Borrowings (Details)

Borrowings (Details) $ in Thousands, $ in Thousands						9 Months Ended
	Jun. 12, 2024 USD ($)	Jun. 12, 2024 AUD ($)	Jul. 08, 2022 USD ($)	Jul. 08, 2022 AUD ($)	Feb. 23, 2022 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 AUD ($)	Sep. 30, 2024 AUD ($)
Borrowings [Line Items]
Current liability						$ 1,350		$ 1,950
Interest rate						12%		12%
Principal repayments rate					15%	12%		12%
Interest rate					12%
Outstanding balance interest amount						$ 9,380
Deposit						15,330
Outstanding balance						110
Unpaid interest under a convertible note	$ 170
Unpaid interest			$ 170
Mawson Infrastructure Group, Inc [Member]
Borrowings [Line Items]
Unpaid interest under a convertible note			170
MIG No.1 Pty Ltd [Member]
Borrowings [Line Items]
Outstanding balance						10,530
Celsius Mining LLC [Member]
Borrowings [Line Items]
Principal amount					$ 20,000
Convertible Note [Member]
Borrowings [Line Items]
Principal amount paid	$ 500	$ 300	$ 500	$ 300		$ 500	$ 300

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares
Stockholders Equity [Line Items]
Outstanding stock warrants	4,904,016
Weighted average exercise price for exercisable (in Dollars per share) | $ / shares	$ 11.07
Equity plans description	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.
Aggregate shares	15,000,000
shares based compensation (in Dollars) | $	$ 11,280
Restricted Stock Awards [Member]
Stockholders Equity [Line Items]
Outstanding restricted stock	2,062,903
Weighted average remaining contractual life (in years)	6 years 8 months 12 days
Unrecognized compensation cost (in Dollars) | $	$ 20,540
Performance-based awards [Member]
Stockholders Equity [Line Items]
Unrecognized compensation cost (in Dollars) | $	$ 610
Common Stock [Member]
Stockholders Equity [Line Items]
Weighted average remaining contractual life (in years)	2 years 10 months 24 days
Common Stock [Member]
Stockholders Equity [Line Items]
Additional shares	5,000,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of Stock-Based Compensation Expense - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation	[1]	$ 5,320,823	$ 3,784,316	$ 11,275,554	$ 5,475,935
Performance-based restricted stock awards [Member]
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation		2,913	(812,901)	79,070	(479,343)
Service-based restricted stock awards [Member]
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation		4,125,992	4,096,717	11,161,386	4,146,709
Stock issued to consultants [Member]
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation					307,069
Warrant expense [Member]
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation			500,500		1,501,500
Option expense [Member]
Schedule of Stock-Based Compensation Expense [Line Items]
Total stock-based compensation	[2]	$ 1,191,918		$ 35,098
[1] Stock-based compensation expense in the consolidated, condensed unaudited statement of operations includes $11.28 million of stock-based compensation. The option expense for the nine-month period to September 30, 2024 contains a reversal of stock-based compensation expenses from 2023 for cancelled option awards, offset by option expense incurred during the period.

Stockholders' Equity (Details_2

Stockholders' Equity (Details) - Schedule of Service-Based Awards Activity		9 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares	Sep. 30, 2024 USD ($) $ / shares shares
Restricted Stock [Member]
Schedule of Service-Based Awards Activity [Line Items]
Number of shares Expired/forfeited		(3,444)
Number of shares Outstanding balance ending	75,545	72,101
Weighted Average Remaining Contractual Life (in years) Outstanding balance ending	8 years 6 months 29 days	7 years 9 months 21 days
Number of shares Exercisable as of September 30, 2024		61,617
Weighted Average Remaining Contractual Life (in years) Outstan4ding Exercisable as of September 30, 2024		6 years 8 months 12 days
Service-Based Awards Activity [Member]
Schedule of Service-Based Awards Activity [Line Items]
Number of shares, Issued		12,480,531
Number of shares Exercised		(3,459,720)
Number of shares Outstanding balance ending	5,242,393	14,263,204
Weighted Average Remaining Contractual Life (in years) Outstanding balance ending	2 years 3 months 10 days	1 year 6 months 14 days
Number of shares Exercisable as of September 30, 2024		16,804
Weighted Average Remaining Contractual Life (in years) Outstan4ding Exercisable as of September 30, 2024		3 days
Equity Option [Member] | Stock Options Awards Activity [Member]
Schedule of Service-Based Awards Activity [Line Items]
Number of shares Expired/forfeited		(1,750,000)
Aggregate Intrinsic Value Expired/forfeited (in Dollars) | $
Weighted Average Exercise Price Expired/forfeited (in Dollars per share) | $ / shares		$ 0.94
Number of shares, Issued		1,750,000
Weighted Average Exercise Price, Issued (in Dollars per share) | $ / shares		$ 0.94
Number of shares Outstanding balance ending	3,500,417	3,500,417
Weighted Average Remaining Contractual Life (in years) Outstanding balance ending	9 years 8 months 12 days	9 years 5 months 12 days
Aggregate Intrinsic Value Outstanding balance ending (in Dollars) | $	$ 6,923,000	$ 605,500
Weighted Average Exercise Price balance ending (in Dollars per share) | $ / shares	$ 1.23	$ 1.07
Number of shares Exercisable as of September 30, 2024		417
Aggregate Intrinsic Value Exercisable as of September 30, 2024 (in Dollars) | $
Weighted Average Exercise Price Exercisable as of September 30, 2024 (in Dollars per share) | $ / shares		$ 0