Every 8-K that Big Digital Energy, Inc. (MIGI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MIGI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MIGI filings page.
Big Digital Energy, Inc. entered into a 12‑month Joint Mining Colocation Agreement with affiliate Big Digital Energy, LLC to utilize approximately 75MW of computing capacity in Midland, Pennsylvania using about 25,000 s19xp mining computers.
The parties will share profits 50%/50%, with Big Digital receiving all cash net proceeds from mining operations for general corporate purposes and asset purchases. The affiliate’s share will be paid monthly through a mix of common stock and warrants, based on 20% of its cash share converted to stock at a 30‑day VWAP (illustrated at $4.94 per share) and 80% converted to warrants at a $20 exercise price with a five‑year term. The deal is a related‑party transaction involving executives Josh Kilgore, Phil Stanley, and Cody Smith and was unanimously approved by the independent Audit Committee. A related press release highlights that Big Digital currently has 129MW of capacity online and frames the agreement as part of a strategy to monetize underutilized assets while expanding digital infrastructure.
Mawson Infrastructure Group Inc. reported that Nasdaq issued a delisting determination after its stockholders’ equity fell below the $2.5 million requirement under Listing Rule 5550(b) as of December 31, 2025. The company plans to request a Nasdaq hearing, which will pause any suspension or delisting while it presents a compliance plan.
The company is changing its name to Big Digital Energy, Inc., effective April 24, 2026, with its Nasdaq ticker expected to change from “MIGI” to “BGDE” on April 30, 2026. Management states it believes current stockholders’ equity now exceeds the minimum threshold and will continue to update the market on its listing status.
Mawson Infrastructure Group Inc. is overhauling its governance and leadership, reconstituting its Board and appointing a new executive team following a cooperation agreement with the Endeavor Investor Group. Seven new directors, including Joshua Kilgore, Phil Stanley, Cody Smith, Lisa R. Hough, Daniel J. Morrison, K. Rodger Davis, and Kyle B. Danges, have joined the Board.
Kilgore is now Executive Chairman, Stanley is Chief Executive Officer, and Smith is Chief Operating Officer, while former Interim CEO Kaliste Saloom becomes General Counsel to ensure continuity. The company frames these changes as the start of a disciplined transformation to grow its AI, high-performance computing, and digital asset infrastructure platform.
Mawson Infrastructure Group Inc. entered a cooperation agreement with The Endeavor Investor Group that reconstitutes its Board of Directors and sets governance terms through April 4, 2029. Under the agreement, the company will appoint five directors to the board: three independent members, Kyle B. Danges, K. Rodger Davis and Lisa R. Hough, and two Endeavor affiliates, Cody Smith and Phillip Stanley.
Effective April 6, 2026, directors Ryan Costello, Steven Soles and Kathryn Yingling Schellenger resigned, and the five new directors joined the board. The company and the Endeavor parties agreed not to initiate or pursue legal proceedings against each other, to release existing claims other than those arising from the cooperation agreement, and to comply with non-disparagement provisions until April 4, 2029. Mawson highlighted its focus on digital infrastructure for AI, high performance computing and Bitcoin mining, with 129 megawatts of capacity online.
Mawson Infrastructure Group Inc. outlined progress on its strategy and ongoing review of future options. The company highlighted regaining Nasdaq compliance, settling multiple lawsuits that reduced current liabilities by $19 million, and beginning a strategic pivot toward artificial intelligence and high-performance computing.
The Board formed a Strategic Transactions Committee, supported by independent legal and financial advisors, to evaluate alternatives such as potential M&A transactions, joint ventures, and other opportunities. Interim CEO and General Counsel Kaliste Saloom will present these updates at the Emerging Growth Conference on April 2, 2026 via a public webcast.
Mawson Infrastructure Group Inc. reported preliminary, unaudited results showing a sharp downturn in its latest quarter but improvement for the full year 2025. For the fourth quarter of 2025, revenue is expected to be about $3.2 million, down from $15.1 million a year earlier, with gross profit turning to a loss of roughly $(1.1) million and gross margin falling to (33)%. Preliminary net loss for the quarter is expected to widen to about $15.8 million from $4.5 million.
For full-year 2025, preliminary revenue is expected to be about $39.8 million versus $59.3 million in 2024, but cost of revenues is expected to decline more sharply, supporting an improved gross margin of 44% compared with 34%. The company expects its net loss to narrow to around $23.8 million from $46.3 million, nearly halving the prior-year loss. Mawson also reached confidential settlements with Ionic Digital Mining LLC and a customer in a separate hosting dispute, which together remove a large portion of its potential financial liability going forward.
Mawson Infrastructure Group Inc. adopted a one-year stockholder rights plan designed to deter unsolicited takeovers. The Board declared a dividend of one Right for each share of common stock to holders of record on February 12, 2026. Each Right lets the holder buy one one-thousandth of a share of new Series C Junior Participating Preferred Stock at an exercise price of $20.60 if certain triggers occur.
The Rights become exercisable if any investor acquires 20% or more of the common stock, or a current 20% or larger holder buys additional shares without Board approval. In that case, other holders can buy securities with a market value equal to twice the exercise price, significantly diluting the acquirer. The Rights may also provide similar benefits if a major merger or asset sale occurs after a triggering purchase.
The Board can redeem the Rights for $0.0001 per Right before anyone becomes a 20% holder, or exchange them for common stock after a trigger but before any holder reaches 50%. The Rights expire on February 1, 2027 unless earlier redeemed or exchanged. To support the plan, the Board approved a certificate of designation creating 10,000 shares of the new preferred stock series.
Mawson Infrastructure Group Inc. reports that Nasdaq has confirmed the company has regained compliance with the $1.00 bid price requirement for continued listing on The Nasdaq Capital Market. Mawson had previously been out of compliance with both the bid price rule and the $35 million market value of listed securities standard.
The company also outlines its use of an at-the-market equity program under an agreement with H.C. Wainwright & Co. It filed prospectus supplements to offer up to $9.6 million and later an additional $40 million of common stock. To date, it has sold 2,161,379 shares of common stock for aggregate net proceeds of approximately $13.2 million. Based on these proceeds, Mawson believes it now meets Nasdaq’s $2.5 million stockholders’ equity requirement and remains under a Panel extension to demonstrate compliance through December 19, 2025, while awaiting Nasdaq’s formal confirmation on its overall listing status.
Mawson Infrastructure Group Inc. (MIGI) reported that it has released unaudited financial results for the month ending October 31, 2025. The company furnished these results through a press release dated November 25, 2025, which is included as Exhibit 99.1 to this report. The disclosure is presented under the section covering results of operations and financial condition and is designated as furnished rather than filed, which affects how it is treated under securities laws.
Mawson Infrastructure Group Inc. is implementing a 1-for-20 reverse stock split of its common stock, effective as of 5:00 p.m. Eastern time on November 20, 2025. This means every 20 existing shares will be automatically combined into one new share, with fractional positions rounded up to the nearest whole share.
The company’s board approved the reverse split after stockholders authorized a split ratio range at the October 15, 2025 annual meeting. The main purpose is to increase the per share market price of the common stock to meet the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market. Post-split shares will continue trading under the symbol “MIGI” and will use a new CUSIP number 57778N406 starting November 21, 2025.
The reverse split will not change the number of authorized shares or the par value of the company’s capital stock. Stockholder percentage ownership will generally remain the same, aside from minor changes from rounding. Outstanding stock options, restricted stock units, warrants, and shares reserved under the equity incentive plan will be proportionally adjusted.
Mawson Infrastructure Group Inc. (MIGI) announced that its Board has approved a 1-for-20 reverse stock split of its common stock. The reverse split will be effective at 5:00 p.m. Eastern time on November 20, 2025, and the stock is expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market on November 21, 2025 under the same ticker, with a new CUSIP number 57778N406.
The reverse stock split is primarily intended to increase the per share market price of Mawson’s common stock to meet the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market. Every 20 shares will be combined into one share, with fractional shares rounded up to the nearest whole share. The split will not change the number of authorized shares, par value, or each stockholder’s percentage ownership, other than minor changes from rounding, and proportional adjustments will be made to stock options, warrants, and shares reserved under the equity incentive plan.
Mawson Infrastructure Group (MIGI) extended the lease for its 9,918 square foot developed mining facility in Bellefonte, PA. Its subsidiary, Mawson Bellefonte LLC, executed a lease amendment on November 6, 2025, exercising the five-year renewal option and extending the term to December 31, 2030. The original lease was set to run through December 31, 2025.
The company announced the extension via a press release furnished as Exhibit 99.1.
Mawson Infrastructure Group (MIGI) reported a court outcome. The United States Bankruptcy Court for the District of Delaware dismissed the involuntary bankruptcy petition filed against the company, and on November 4, 2025 issued a written order formalizing its October 21 bench ruling.
The company also issued a press release announcing the order. This removes the involuntary case and clarifies the company is not in bankruptcy as a result of that petition.
Mawson Infrastructure Group (MIGI) reported Nasdaq compliance extensions. The company previously fell below the Nasdaq Market Value of Listed Securities requirement of $35.0 million under Rule 5550(b)(2) and the $1.00 minimum bid price under Rule 5550(a)(2). After a hearing, the Panel had set deadlines of October 15, 2025 for MVLS and November 7, 2025 for bid price.
On October 31, 2025, the Panel granted Mawson’s request to extend those deadlines to December 19, 2025 for MVLS and December 4, 2025 for the bid price. The company notes there is no assurance it will regain or maintain compliance; failure to do so would subject its securities to delisting. Mawson issued a press release on November 3, 2025 announcing the extensions.
Mawson Infrastructure Group Inc. (MIGI) furnished a Regulation FD update announcing a new technology initiative. On October 22, 2025, the company issued a press release detailing the launch of a graphics processing unit (GPU) pilot program on a decentralized artificial intelligence (AI) network.
The press release is furnished under Item 7.01 and attached as Exhibit 99.1. The company states the Item 7.01 information and Exhibit 99.1 are not deemed “filed” for purposes of Section 18 of the Exchange Act unless specifically designated as such or incorporated by reference. Mawson’s common stock trades on Nasdaq under the symbol MIGI.
Mawson Infrastructure Group (MIGI) announced a legal milestone: the U.S. Bankruptcy Court for the District of Delaware ordered the dismissal of an involuntary Chapter 11 petition that certain creditors filed against the company. The court issued its dismissal order on October 21, 2025, following motions the company brought against the filing parties and the petitioners’ subsequent motion to dismiss.
This outcome removes an overhang tied to Bankr. Case No. 24-12726 and indicates the involuntary Chapter 11 process will not proceed against the company. Mawson also issued a press release on October 21, 2025, to disclose the court’s decision and related updates.
Mawson Infrastructure Group entered a new at-the-market equity program with H.C. Wainwright to sell up to $9.6 million of common stock, from time to time, under its Form S-3. Wainwright will earn a 3.0% commission on gross proceeds; Mawson will reimburse up to $50,000 for counsel fees and up to $2,500 per due diligence update. Mawson is not obligated to sell and may suspend or terminate the program; it ends upon selling $9.6 million or termination.
Mawson also terminated a prior $12 million ATM with Roth Capital Partners and A.G.P., with no shares sold and no early termination penalties. The company announced preliminary Q3 results via press release.
At its annual meeting, stockholders elected three directors, ratified the auditor, approved say-on-pay, and authorized a reverse stock split at a ratio of at least 1-for-2 and up to 1-for-30. As of August 21, 2025, shares outstanding were 20,846,102. Nasdaq granted continued listing subject to demonstrating compliance with the MVLS rule by October 15, 2025 and the Bid Price rule by November 7, 2025; Mawson requested an extension related to the Bid Price deadline to November 7, 2025.
Mawson Infrastructure Group Inc. reported that a Nasdaq Hearings Panel has granted its request for continued listing on Nasdaq, subject to meeting specific conditions. The panel extended the deadline to regain compliance with the $35.0 million Market Value of Listed Securities requirement to October 15, 2025, and the $1.00 minimum bid price requirement to November 7, 2025. If Mawson does not regain compliance with these Nasdaq standards by those dates, its common stock may be delisted from Nasdaq.
The company also furnished a press release and updated company presentation providing a corporate operations update to stockholders and the investment community, which are available as exhibits and on its website. The disclosure emphasizes that these materials are provided under Regulation FD and are not deemed filed for liability purposes under the Exchange Act.
Mawson Infrastructure Group Inc. disclosed that it received a Nasdaq notice after its common stock failed to maintain the $1.00 minimum bid price for the relevant measurement period, triggering a 180-calendar-day compliance window that expired on August 5, 2025. The company did not regain compliance and on August 6, 2025 Nasdaq informed Mawson that the Nasdaq Hearings Panel will consider the bid price deficiency.
The company will request an extension from the Panel, but warned there is no assurance it will regain or maintain compliance. The filing reiterates cautionary forward-looking language and lists material risks that could affect remediation, including the need to raise additional capital, volatility in digital assets, potential regulatory changes, and execution risks related to its AI, HPC and digital infrastructure build-out.