---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-012978"
form_type: "8-K"
ticker: "BGDE"
cik: "0001218683"
company_name: "Big Digital Energy, Inc."
filed_at: "2026-02-06T23:59:59+00:00"
generated_at: "2026-05-16T04:02:07.520690+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mawson Q4 revenue plunges 79% to $3.2M, net loss widens; settles two litigations

## Summary
- Preliminary Q4 revenue $3.2M (down 79% YoY); gross loss ($1.1M) vs profit $4.7M prior year.
- Q4 net loss $15.8M, up 250% YoY from $4.5M; full-year net loss improved to $23.8M from $46.3M.
- Full-year 2025 revenue $39.8M (down 33% YoY); gross margin improved to 44% from 34% in 2024.
- Reached settlements with Ionic Digital Mining and a separate customer to resolve hosting disputes, eliminating large portion of potential liability.
- No admission of liability; settlements provide clarity on balance sheet strength according to interim CEO.

## SEC filing metadata
- accession: 0001213900-26-012978
- form_type: 8-K
- ticker: BGDE
- cik: 0001218683
- company_name: Big Digital Energy, Inc.
- filed_at: 2026-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1218683/000121390026012978/0001213900-26-012978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1218683/000121390026012978/ea0275909-8k_mawson.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-012978
- JSON: https://secwatch.observer/filing/0001213900-26-012978.json
- Plain text: https://secwatch.observer/filing/0001213900-26-012978.txt

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