Mawson Infrastructure (MIGI) investor group reports series of share buys

Rhea-AI Filing Summary

Mawson Infrastructure Group Inc. common stock is being actively accumulated by the Endeavor Investor Group, a more-than-10% shareholder group. A joint Form 4 by Endeavor Blockchain, LLC, Joshua Kilgore, Cody Smith and PM Squared LLC reports a series of open‑market purchases of Mawson common shares between late November and mid‑December 2025. Individual buys include 50,000 shares at $5.06 on November 26, 99,811 shares at $4.41 on December 5, 105,000 shares at $6.01 on December 10 and 122,000 shares at $8.38 on December 11, along with numerous smaller trades around $4–$5 per share. After the last reported purchase on December 16, one member of the group held 915,000 common shares. The remarks note that the group’s position exceeded 10% of Mawson’s outstanding shares as of November 25, 2025, which is reported separately on an amended Form 3.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Endeavor Blockchain, LLC

(Last) (First) (Middle)

5701 EUPER LANE, SUITE A

(Street)

FORT SMITH AR 72903

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Mawson Infrastructure Group Inc. [ MIGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	11/26/2025		P		50,000	A	$5.06(1)	200,000	D(2)
Common Shares	11/28/2025		P		1,000	A	$5.23	201,000	D(2)
Common Shares	11/28/2025		P		5,000	A	$5.18	5,000	D(3)
Common Shares	12/01/2025		P		29,000	A	$4.83(4)	230,000	D(2)
Common Shares	12/02/2025		P		17,150	A	$4.9(5)	247,150	D(2)
Common Shares	12/02/2025		P		1,449	A	$4.91	1,449	D(10)
Common Shares	12/03/2025		P		52,850	A	$4.85(6)	300,000	D(2)
Common Shares	12/03/2025		P		1,000	A	$4.89	8,000	D(9)
Common Shares	12/03/2025		P		5,982	A	$4.79(7)	10,982	D(3)
Common Shares	12/05/2025		P		99,811	A	$4.41(8)	399,811	D(2)
Common Shares	12/05/2025		P		10,000	A	$4.2	20,982	D(3)
Common Shares	12/05/2025		P		380	A	$4.2	1,829	D(10)
Common Shares	12/08/2025		P		50,189	A	$4.37(11)	450,000	D(2)
Common Shares	12/08/2025		P		112	A	$4.45	1,941	D(10)
Common Shares	12/09/2025		P		70,000	A	$4.74(12)	520,000	D(2)
Common Shares	12/09/2025		P		106	A	$4.68	2,047	D(10)
Common Shares	12/10/2025		P		105,000	A	$6.01(13)	625,000	D(2)
Common Shares	12/10/2025		P		5	A	$4.94	2,052	D(10)
Common Shares	12/11/2025		P		122,000	A	$8.38(14)	747,000	D(2)
Common Shares	12/11/2025		P		2,000	A	$12	22,982	D(3)
Common Shares	12/12/2025		P		98,000	A	$5.37(15)	845,000	D(2)
Common Shares	12/15/2025		P		50,000	A	$4.31(16)	895,000	D(2)
Common Shares	12/15/2025		P		10,000	A	$4.6	32,982	D(3)
Common Shares	12/16/2025		P		20,000	A	$4.07(17)	915,000	D(2)
Common Shares	12/16/2025		P		245	A	$4.03	2,297	D(10)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Endeavor Blockchain, LLC

(Last) (First) (Middle)

5701 EUPER LANE, SUITE A

(Street)

FORT SMITH AR 72903

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Kilgore Joshua Allen

(Last) (First) (Middle)

5701 EUPER LANE, SUITE A

(Street)

FORT SMITH AR 72903

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Smith Cody

(Last) (First) (Middle)

3801 BENT ELM LANE

(Street)

FORTH WORTH TX 76109

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

PM Squared LLC

(Last) (First) (Middle)

6050 SOUTHWEST BOULEVARD, SUITE 150

(Street)

FORT WORTH TX 76109

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.61 to $5.30, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. These shares are owned solely by Endeavor Blockchain, LLC.

3. These shares are owned solely by Cody Smith, who is a member of a "group" with Endeavor Blockchain, LLC for purposes of Section 13(d) of the Exchange Act.

4. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.59 to $4.99 inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

5. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.70 to $5.36, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

6. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.71 to $5.18, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

7. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.77 to $4.83, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

8. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.04 to $5.11, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

9. These shares are owned solely by Joshua Kilgore, who is a member of a "group" with Endeavor Blockchain, LLC for purposes of Section 13(d) of the Exchange Act.

10. These shares are owned solely by PM Squared, LLC, which is a member of a "group" with Endeavor Blockchain, LLC for purposes of Sectoin 13(d) of the Exchange Act.

11. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.26 to $4.60, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

12. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.24 to $5.02, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

13. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.85 to $6.88, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

14. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.59 to $9.94, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

15. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.11 to $5.51, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

16. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.10 to $4.80, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

17. The purchase price reported above is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.06 to $4.12, inclusive. The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Remarks:

The Form 4 reports shares acquired by members of the Endeavor Investor Group on and after November 26, 2025, and before December 26, 2025. The Group's position as of November 25, 2025 (exceeding 10% of the Issuer's outstanding shares on that date) is reported on an amended Form 3 filed January 22, 2026. Transactions on and after December 26, 2026, are reported on additional Form 4s beginning with the Form 4 filed on January 12, 2026.

	ENDEAVOR BLOCKCHAIN, LLC By: /s/ Joshua Kilgore, Managing Member /s/ Joshua Kilgore /s/ Cody Smith PM SQUARED, LLC By: /s/ Phil Stanley, Managing Member /s/	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the latest Form 4 for Mawson Infrastructure Group (MIGI) show?

The Form 4 shows multiple open‑market purchases of Mawson Infrastructure Group Inc. common shares by members of the Endeavor Investor Group between late November and mid‑December 2025.

Who reported the insider transactions in Mawson Infrastructure Group (MIGI) stock?

The filing lists Endeavor Blockchain, LLC, Joshua Kilgore, Cody Smith and PM Squared LLC as reporting persons, all identified as more‑than‑10% owners.

Over what period did the Endeavor Investor Group buy MIGI shares?

The reported purchases of MIGI common shares occurred from November 26, 2025 through December 16, 2025, as detailed in the transaction table.

What are examples of the larger Mawson (MIGI) share purchases in this Form 4?

Examples include 99,811 shares at $4.41 on December 5, 105,000 shares at $6.01 on December 10 and 122,000 shares at $8.38 on December 11.

How many Mawson (MIGI) shares did a group member hold after the latest reported trade?

After the December 16, 2025 purchase of 20,000 common shares at $4.07, one member of the Endeavor Investor Group held 915,000 Mawson common shares.

When did the Endeavor Investor Group first exceed 10% ownership in MIGI?

The remarks state that the group’s position exceeded 10% of Mawson’s outstanding shares as of November 25, 2025, which is reported on an amended Form 3 filed on January 22, 2026.