---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-099694"
form_type: "8-K"
ticker: "BGDE"
cik: "0001218683"
company_name: "Big Digital Energy, Inc."
filed_at: "2025-10-17T23:59:59+00:00"
generated_at: "2026-05-17T03:21:27.496844+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mawson Q3 prelim revenue $11.2M, net loss $1.5M vs $12.2M loss; gross margin 59%

## Summary
- Q3 2025 prelim revenue $11.2M (-9% YoY); net loss improved 88% to $1.5M from $12.2M.
- Gross margin jumped to 59% (Q3 2024: 35%) on lower cost of revenues ($4.6M, -42% YoY).
- Nine-month 2025 net loss $9.8M vs $41.8M loss in 2024; revenue $34.5M (-22%).
- Stockholders approved reverse stock split (1:2 to 1:30) and re-elected three directors.
- New $9.6M at-the-market offering with H.C. Wainwright; prior Roth ATM terminated.

## SEC filing metadata
- accession: 0001213900-25-099694
- form_type: 8-K
- ticker: BGDE
- cik: 0001218683
- company_name: Big Digital Energy, Inc.
- filed_at: 2025-10-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1218683/000121390025099694/0001213900-25-099694-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1218683/000121390025099694/ea0261436-8k_mawson.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-099694
- JSON: https://secwatch.observer/filing/0001213900-25-099694.json
- Plain text: https://secwatch.observer/filing/0001213900-25-099694.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.