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Big Digital Energy, Inc., formerly Mawson Infrastructure Group Inc., reports developments tied to its U.S. digital infrastructure business. The company designs, builds, and operates platforms for artificial intelligence, high performance computing, digital assets including Bitcoin mining, and other intensive compute applications, using a model that includes self-mining and colocation or hosting for enterprise customers.
Recurring news themes include colocation agreements, the company’s strategic shift toward AI and HPC workloads, operating and financial results, Nasdaq and capital-structure updates, board and governance changes, stockholder-rights matters, and litigation or bankruptcy-related proceedings that affect corporate liabilities and oversight.
Mawson Infrastructure Group (NASDAQ: MIGI) reported unaudited October 2025 monthly revenue of $3.3 million, representing a 30% decline year-over-year and a 36% decline month-over-month. Digital colocation revenue was $1.6 million (down 59% Y/Y and 56% M/M). Energy management revenue was $1.6 million, up 191% Y/Y and 29% M/M. Digital assets self-mining revenue was $0.1 million (down 55% Y/Y and 62% M/M).
The company said it extended its Bellefonte lease and continues its GPU pilot program to diversify into AI and HPC workloads, positioning operations beyond Bitcoin mining while pursuing improved performance in coming months.
Mawson Infrastructure Group (NASDAQ: MIGI) will implement a 1-for-20 reverse stock split effective at 5:00 p.m. ET on November 20, 2025, with shares expected to trade on a reverse-split adjusted basis at market open on November 21, 2025 under the existing symbol MIGI and new CUSIP 57778N406.
The Board approved the 1-for-20 ratio under prior shareholder authorization for a reverse split between 1-for-2 and 1-for-30. Every 20 pre-split shares will be combined into one post-split share; no fractional shares will be issued and fractional holdings will be rounded up to the nearest whole share. The action is primarily intended to increase the Company’s per-share market price to seek compliance with Nasdaq’s minimum bid price requirement. Computershare will act as exchange agent; book-entry and brokerage positions will be adjusted automatically while certificate holders will receive transmittal instructions.
Mawson Infrastructure Group (NASDAQ: MIGI) reported third-quarter 2025 results showing mixed improvements and continued transition toward AI and digital infrastructure services. Q3 2025 revenue was $13.2M (+7% vs Q3 2024) and gross profit was $8.6M (+98% vs Q3 2024). Q3 net income was $0.3M vs a $12.2M loss in Q3 2024. Year-to-date 2025 revenue fell to $36.5M (-17% vs YTD 2024) while YTD gross profit rose 18% to $18.4M; YTD net loss improved to $8.0M from $41.6M (≈81% improvement).
Operationally, Mawson launched a GPU pilot (100-day initial phase) on a leading decentralized AI network and extended the Bellefonte, PA lease five years to Dec 31, 2030. Management will present at the Emerging Growth Conference on Dec 11, 2025 and plans to resume monthly operational updates in Dec 2025.
Mawson Infrastructure Group (NASDAQ: MIGI) executed a lease amendment on November 6, 2025 to extend the existing lease for its Bellefonte, PA mining facility by five years. The amendment covers the Company’s 9,918 square foot developed mining facility and extends the lease term through December 31, 2030.
The company said it plans to continue operations at the Bellefonte site and will explore future growth opportunities at the facility.
Mawson Infrastructure Group (NASDAQ: MIGI) announced that on November 4, 2025 the United States Bankruptcy Court for the District of Delaware issued a written Order dismissing with prejudice the involuntary Chapter 11 petition filed against the company, formalizing the court's bench ruling from October 21, 2025.
The Order clears the company to continue operations and enables Mawson to pursue attorneys' fees and costs, damages proximately caused by the petition, and potentially punitive damages against the petitioning creditors.
Mawson Infrastructure Group (NASDAQ: MIGI) received extensions from Nasdaq to meet continued listing standards after presenting a compliance plan to a Nasdaq Hearing Panel. The company was granted an exception period through December 4, 2025 to evidence compliance with Nasdaq's $1.00 minimum bid price requirement, and through December 19, 2025 to evidence compliance with Nasdaq's $35 million market value of listed securities requirement.
The extensions follow Mawson's formal request for continued listing and require the company to demonstrate compliance within the specified timelines.
Mawson Infrastructure (NASDAQ:MIGI) announced that Interim CEO and General Counsel Kaliste Saloom and CFO William Regan will present at the Emerging Growth Conference on December 11, 2025 at 1:10 PM ET.
The presentation will provide a company overview and highlight Mawson’s strategic growth initiatives in Bitcoin mining and AI infrastructure, plus recent corporate developments. Attendees can submit questions in advance to Questions@EmergingGrowth.com and may have an opportunity to ask questions after the presentation.
Investors and analysts are invited to register in advance; a live webcast and an archived replay will be available on EmergingGrowth.com and Mawson’s investor presentations page.
Mawson Infrastructure Group (NASDAQ: MIGI) launched a GPU pilot on a leading decentralized AI network on Oct 22, 2025 to extend its digital infrastructure capabilities beyond digital asset mining into AI and high-performance computing (HPC).
The pilot targets a 100-day initial phase to retrieve performance data, evaluate project economics, and test market fit across U.S. sites. Mawson says the program aims to build a repeatable, scalable framework and will assess security, reliability, and commercial viability while leveraging existing infrastructure.
Mawson Infrastructure Group (NASDAQ: MIGI) announced that on October 21, 2025 the United States Bankruptcy Court for the District of Delaware dismissed the involuntary Chapter 11 petition filed against the company.
The dismissal clears the way for Mawson to seek recovery of fees and damages from the creditors who filed the petition and, according to management, is expected to relieve downward pressure on the company’s stock price and provide greater liquidity to support continued operations and growth.
Mawson Infrastructure Group (NASDAQ: MIGI) announced preliminary, unaudited results for Q3 and nine months ended September 30, 2025. Management expects Q3 revenue of $11.2M (down 9% YoY) and Q3 gross profit of $6.6M (up 53% YoY) with a 59% gross margin. Preliminary Q3 net loss is ~$1.5M versus $12.2M a year earlier. For the nine months, revenue is expected at $34.5M (down 22% YoY), gross profit ~$16.4M (up 5% YoY) with a 48% gross margin, and preliminary net loss ~$9.8M versus $41.8M a year earlier.
The company attributes improved net loss to a new 2025 profit-share agreement, lower depreciation and stock-based compensation, and the absence of a $12.4M 2024 deconsolidation loss. The release also reports director election results at the 2025 annual meeting.