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 (OTCQB:MIGI) has announced significant hardware acquisitions to enhance its digital infrastructure capabilities. The company received 250 Bitmain Antminer S19 Pro miners and expects 1,158 Avalon A1246 miners from Canaan before August. This expansion is projected to add ~125 PH to its existing operations. At its Georgia site, Mawson anticipates a break-even cost of under $4,000 per Bitcoin, with gross margins exceeding 80%. The company's renewable energy use aligns with its Net Zero 2030 strategy, aiming for a total capacity of 5,000 PH by the end of 2022.
Mawson Infrastructure Group (OTCQB:MIGI) has submitted an application to list its shares on the Nasdaq Capital Market. The listing is contingent on Nasdaq's approval and meeting regulatory requirements. CEO James Manning emphasized that this move aims to enhance liquidity, corporate visibility, and shareholder value, following the company's reverse-merger to the OTC Market in March. Mawson is focused on bridging digital assets with traditional capital markets through its diversified operations in cryptocurrency mining and digital asset management.
Mawson Infrastructure Group (OTCQB:MIGI) has increased its ownership in Luna Squares LLC from 50% to 90%, acquiring an additional 40%. This strategic move secures Mawson's position in a rapidly growing bitcoin mining facility located in Georgia, USA, which has expanded from 3MW to over 12MW in capacity by mid-2021. The facility has over 100MW of future power capacity to support both third-party clients and Mawson’s proprietary operations. CEO James Manning emphasizes the facility's importance as a cornerstone of Mawson's business.
Mawson Infrastructure Group (OTCQB:MIGI) has announced the acquisition of 800 Avalon 1166 bitcoin miners from Canaan Inc (CAN:NAS), enhancing its mining operations by adding 60 PetaHash in the U.S. The miners are now operational, aimed at boosting revenue amidst industry supply constraints. Mawson also expects to receive an additional 1176 A1246 units, slated to add another ~100 PetaHash later this month. These developments are part of a broader strategy to continuously deploy new units through January 2022.
Mawson Infrastructure Group (OTCQB: MIGI) has officially changed its ticker symbol from 'WIZP' to 'MIGI' as of April 27, 2021. This change aligns with the company's recent name change to better represent its operations in Cryptocurrency Mining and Digital Asset Management. Mawson aims to connect the digital asset sector with traditional capital markets, focusing on shareholder returns and employing innovative energy infrastructure methods.