Welcome to our dedicated page for Mawson Infrastructure Group In news (Ticker: MIGI), a resource for investors and traders seeking the latest updates and insights on Mawson Infrastructure Group In stock.
Mawson Infrastructure Group Inc. (NASDAQ: MIGI) generates a steady flow of news as a U.S.-based technology company focused on digital infrastructure for AI, high-performance computing (HPC), and digital assets including Bitcoin mining. This news page aggregates press releases and market updates so readers can follow how Mawson’s AI, HPC, and digital asset initiatives evolve over time.
Recent company announcements highlight several recurring themes. Mawson regularly reports on financial and operational results, such as quarterly earnings and monthly revenue updates that break out contributions from digital colocation, energy management, and self-mining activities. The company also issues news about strategic projects, including a GPU pilot program on a decentralized AI network and the extension of the lease for its Bellefonte, Pennsylvania mining facility, which it presents as part of its growth plans in AI and digital infrastructure.
Regulatory and capital markets developments are another key news category. Mawson has published updates on its Nasdaq listing status, including exception periods, extensions to regain compliance with bid price and market value or stockholders’ equity requirements, and the implementation of a 1-for-20 reverse stock split intended to support continued listing on The Nasdaq Capital Market. The company also discloses at-the-market equity offerings and related capital-raising activities.
Legal matters feature prominently as well. News items cover the involuntary Chapter 11 bankruptcy petition that was filed against Mawson, the Delaware Bankruptcy Court’s dismissal of that petition, and the company’s subsequent adversary proceeding seeking fees, costs, and damages from the petitioning creditors. Together, these updates provide context on Mawson’s financial position, legal environment, and strategic direction.
Investors, analysts, and observers can use this news feed to monitor Mawson’s progress in AI and HPC infrastructure, digital asset mining, colocation services, energy strategy, listing compliance, and litigation. Checking this page regularly offers a consolidated view of the company’s latest disclosures and corporate developments related to MIGI stock.
Mawson Infrastructure Group (NASDAQ:MIGI) announced its membership in the Bitcoin Mining Council, a forum dedicated to promoting transparency in Bitcoin mining. The company emphasizes its commitment to sustainability, using non-carbon emitting energy sources, including nuclear, wind, and hydro. Mawson has also partnered with Quinbrook Infrastructure Partners to enhance its green energy initiatives.
CEO James Manning expressed enthusiasm for sharing insights on sustainable energy and highlighted a new site operational in Australia, co-located with a renewable energy asset.
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) announced a conference call on November 16, 2021, at 5:00 p.m. ET to discuss its Q3 results. An investor presentation will be available on their website. U.S. callers can reach the conference at 1-877-407-4018, while international callers can dial 1-201-689-8471, using conference ID 13724645. A replay will be accessible from November 16 at 8:00 p.m. ET to November 30 at 11:59 p.m. ET. Mawson focuses on digital asset infrastructure, combining cryptocurrency mining with digital asset management.
Mawson Infrastructure reported a remarkable Q3 2021 with revenue of $10.9 million, reflecting a significant 1100% increase from Q3 2020. The gross profit surged to $8.4 million, up from $44,000 last year. The company successfully listed on the NASDAQ under the ticker ‘MIGI’ and raised $45 million in capital. Key expansions include a new 100MW facility in Pennsylvania and 17,352 additional ASIC bitcoin miners, expected to boost operational capacity significantly.
Mawson Infrastructure Group Inc. (NASDAQ:MIGI) announces the listing of its first product, the Cosmos Global Digital Miners Access ETF (DIGA.CXA), on the Chi-X stock exchange in Australia. This ETF aims to track the performance of the Global Digital Miners Index, managed by Standard & Poor’s, offering investors exposure to leading companies in the cryptocurrency mining sector. CEO James Manning emphasized its significance for Australian investors, allowing them access to cryptocurrency mining without needing to manage multiple direct equities.
Mawson Infrastructure Group (NASDAQ:MIGI) is launching its first Australian data center powered entirely by renewable energy in partnership with Quinbrook Infrastructure Partners. Set to go live in
Mawson Infrastructure Group (NASDAQ:MIGI) has announced the purchase of 4,000 latest generation ASIC bitcoin miners, comprising 2,000 MicroBT M30S and 2,000 Canaan Avalon A1166/1246 units. This expansion is expected to boost operational capacity to 3.35EH by Q2 2022, a rise of 11.7% from the current 3EH. CEO James Manning highlighted that this move aligns with their 'infrastructure first' strategy and aims to reach 5EH online by early 2023. The company is focused on sustainable energy and growth following its Nasdaq listing.
Mawson Infrastructure Group has successfully closed its public offering of 3,913,044 shares and 2,250,000 warrants, raising approximately
Mawson Infrastructure Group (OTCQB:MIGI) announced the pricing of a public offering of 3,913,044 shares and 1,956,522 warrants at $11.50 each, aiming for approximately $45 million in gross proceeds. An additional 30-day option for 586,956 shares and 293,478 warrants is available to the underwriter. The offering closes around October 1, 2021, with shares expected to trade on Nasdaq from September 29, 2021. Proceeds will be used for working capital and general corporate purposes.
Mawson Infrastructure Group (OTCQB:MIGI) announced plans for an underwritten public offering of common stock and warrants. The company aims to list its shares on the Nasdaq Capital Market under the symbol "MIGI". The offering is subject to market conditions, and proceeds will be used for working capital and general corporate purposes. H.C. Wainwright & Co. serves as the book-running manager for the offering. The offering follows a previously filed effective shelf registration statement with the SEC.
Mawson Infrastructure Group (MIGI) has signed a three-year lease for six acres in Midland, Pennsylvania, allowing for up to 100MW of power capacity to support its bitcoin mining operations. The site, which features 50MW of available capacity and options to expand, is set to begin development this month and is expected to become operational in late 2021 or early 2022. Mawson aims to source most of its energy from renewable sources. This strategic location enhances Mawson's aim to achieve 5000 PH by early 2023.
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