secwatch.observer — SEC 8-K summary
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Issuer:     Big Digital Energy, Inc. (BGDE)
CIK:        0001218683
Form:       8-K
Filed at:   2025-10-17T23:59:59+00:00
Accession:  0001213900-25-099694
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1218683/000121390025099694/0001213900-25-099694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1218683/000121390025099694/ea0261436-8k_mawson.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-099694

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer