secwatch.observer — SEC 8-K summary
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Issuer:     Big Digital Energy, Inc. (BGDE)
CIK:        0001218683
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001213900-26-012978
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1218683/000121390026012978/0001213900-26-012978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1218683/000121390026012978/ea0275909-8k_mawson.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-012978

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