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) operates at the forefront of digital infrastructure, specializing in cryptocurrency mining, AI/HPC colocation, and sustainable energy solutions. This page serves as the definitive source for official company news, providing investors and industry observers with timely updates on strategic developments.
Access curated press releases and announcements covering operational expansions, technology partnerships, financial results, and sustainability initiatives. Users will find updates across MIGI's core segments: self-mining operations, enterprise colocation services, and energy market optimizations.
All content is sourced directly from company communications to ensure accuracy. Regular updates provide insights into Mawson's evolving role in digital infrastructure markets, including its expansion into high-performance computing solutions. Bookmark this page to stay informed about MIGI's progress in building scalable, next-generation digital ecosystems.
Mawson Infrastructure Group (NASDAQ: MIGI) has signed a new 12-month digital colocation agreement with an unnamed NASDAQ-listed company on January 3, 2025. The agreement covers services for 5,880 miners, utilizing approximately 20 MW of capacity at Mawson's facilities, with potential for future expansion.
Upon deployment completion, Mawson expects to manage approximately 41,508 miners with a combined operating hashrate of 5.10 EH/s across its facilities. The company currently operates at 129 MW capacity and is developing an additional site in Ohio that will add 24 MW, bringing total operating capacity to 153 MW.
The agreement strengthens Mawson's position in the PJM market, North America's largest competitive wholesale power market, and aligns with their strategy of optimizing digital infrastructure assets while providing enterprise-class compute solutions.
Mawson Infrastructure Group (NASDAQ: MIGI) released its November 2024 operational update, highlighting significant growth in its digital infrastructure business. The company reported a 111% year-over-year increase in Monthly Digital Colocation Revenue, reaching $4.18 million compared to $1.98 million in November 2023.
Total Monthly Revenue reached $4.91 million, showing a 2% Y/Y and 0.5% M/M growth. The company maintains a Current Total Operating Capacity of 129 MW, expected to expand to 153 MW upon completion of its Ohio facility. The Combined Total Current Operating Hash Rate stands at approximately 4.98 EH/s, including both colocation and self-mining operations.
Mawson Infrastructure Group (NASDAQ: MIGI) has responded to false media reports about filing voluntary Chapter 11. The company clarifies that Australian entities, W Capital Advisors Fund and Marshall Investments MIG Trust, have filed an involuntary Chapter 11 petition against them. Mawson's Board intends to vigorously defend against this filing and continues normal operations.
The company has raised concerns about W Capital Advisors and former director James Manning being related parties. Manning is under investigation by Mawson's Audit Committee regarding dealings with W Capital and other matters. Mawson is also involved in litigation with Vertua Property, related to Manning and affiliated with W Capital, regarding alleged self-dealing and breach of contract for their Sharon, PA property.
Mawson Infrastructure Group (NASDAQ: MIGI) announced it will ring the Closing Bell at NASDAQ on November 21, 2024. CEO Rahul Mewawalla, along with the board of directors and management team, will participate in the ceremony at the Nasdaq MarketSite in Times Square, New York City. The event celebrates the company's recent accomplishments in digital infrastructure platforms for artificial intelligence, high-performance computing, and digital assets markets. The ceremony will be broadcasted globally and streamed live from 3:45 p.m. to 4:00 p.m. ET.
Mawson Infrastructure Group (NASDAQ: MIGI) reported strong growth in October 2024, with total monthly revenue reaching $4.89 million, up 49% year-over-year and 18% month-over-month. The company's Digital Colocation business generated $3.96 million in monthly revenue, showing significant growth from $0.08 million in October 2023. Energy Management revenue was $0.70 million, up 13% month-over-month, while Digital Assets Mining revenue reached $0.22 million, increasing 25% from September 2024.
Mawson Infrastructure Group (NASDAQ: MIGI), a technology company specializing in digital infrastructure platforms for AI, high-performance computing, and digital assets, has announced its participation in the Roth 13th Annual Technology Conference in New York City, November 19-20, 2024. CEO and President Rahul Mewawalla and leadership team members will attend the conference, which features meetings with over 100 growth companies in the technology sector. Mewawalla will engage with investors to discuss the company's business strategy and recent developments.
Mawson Infrastructure Group (NASDAQ: MIGI) reported strong Q3 2024 financial results, with notable growth across its business segments. The company's digital colocation business saw a 222% year-over-year revenue increase to $9.52 million, while its energy management business grew 33% to $1.96 million. Total revenue increased 50% year-to-date and 9% year-over-year to $12.32 million. The company expanded into AI and HPC markets, signing a 20 MW agreement for NVIDIA GPU colocation with potential revenue of $92 million in the first two years and $285 million over six years. Mawson's operating capacity is currently 129 MW, with plans to expand to 153 MW in the PJM market.
Mawson Infrastructure Group Inc. (NASDAQ: MIGI) reported significant growth in August 2024, with digital colocation revenue up 166% year-over-year and 25% month-over-month to $3.43 million. Total monthly revenue increased 27% from July 2024 to $4.44 million. The company expanded into Artificial Intelligence (AI) and High-Performance Computing (HPC) colocation markets, executing a 6-year AI customer agreement for 20 MW, expected to generate $285 million in cumulative revenue. Mawson also signed an LOI for potential expansion to 144 MW and secured a 24 MW facility in Ohio, extending its presence in the PJM market. CEO Rahul Mewawalla emphasized the company's focus on carbon-free energy and anticipates AI driving increased demand for digital infrastructure platforms.
Mawson Infrastructure Group Inc. (NASDAQ: MIGI) has announced its expansion into Ohio, bolstering its AI and HPC growth capacities. This move is expected to increase the company's total capacity from 129 MW to approximately 153 MW. Mawson has secured a lease amendment for an extended 9-year term through April 2033, with an initial 24 MW capacity.
The expansion further increases Mawson's footprint in the PJM market, the largest wholesale electric market in North America. CEO Rahul Mewawalla highlighted the attractiveness of this market for AI and HPC operations, noting that major tech companies are also expanding their presence there. Mawson is inviting additional AI and HPC partners for collaboration and innovation, emphasizing its Carbon-Free energy approach, including nuclear energy.
Mawson Infrastructure Group Inc. (NASDAQ: MIGI) reported significant progress in July 2024, with 54% year-over-year growth in digital assets colocation revenue. The company expanded its Midland Facility to 120MW, increasing overall operating capacity to 129MW. Mawson entered the AI and HPC colocation markets, signing a 20MW agreement to host NVIDIA GPUs, potentially generating $285 million over a 6-year term. A non-binding LOI could increase this capacity to 144MW. July's overall revenue was $3.94 million, with digital asset colocation revenue at $2.75 million. The company is expanding its digital infrastructure platform across AI, HPC, and digital assets markets, aiming for sustainable growth and increased shareholder value.