Mawson Infrastructure Group Inc. (MIGI)

NASDAQ: MIGI · Real-Time Price · USD
0.942
-0.068 (-6.73%)
At close: Dec 20, 2024, 4:00 PM
0.950
+0.008 (0.86%)
After-hours: Dec 20, 2024, 5:07 PM EST
-6.73%
Market Cap 17.62M
Revenue (ttm) 58.22M
Net Income (ttm) -54.54M
Shares Out 18.71M
EPS (ttm) -3.15
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 521,201
Open 0.987
Previous Close 1.010
Day's Range 0.940 - 1.000
52-Week Range 0.620 - 4.400
Beta 4.29
Analysts Hold
Price Target 1.00 (+6.16%)
Earnings Date Nov 14, 2024

About MIGI

Mawson Infrastructure Group Inc. develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities. The company is based in Midland, Pennsylvania. [Read more]

Industry Capital Markets
Sector Financials
Founded 2012
Employees 30
Stock Exchange NASDAQ
Ticker Symbol MIGI
Full Company Profile

Financial Performance

In 2023, MIGI's revenue was $43.57 million, a decrease of -48.37% compared to the previous year's $84.39 million. Losses were -$60.42 million, 14.5% more than in 2022.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for MIGI stock is "Hold." The 12-month stock price forecast is $1.0, which is an increase of 6.16% from the latest price.

Price Target
$1.0
(6.16% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for November 2024

Total Monthly Digital Colocation Revenue grew 111% Y/Y in November 2024 Total Current Operating Hash Rate (EH) of about 4.98 EH/s, with current total operating capacity of 129 MW and expected to grow ...

10 days ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Responds to Recent Report

MIDLAND, Pa., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group, Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a publicly-traded technology company focused on digital infrastructure pla...

16 days ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for October 2024

Total Monthly Revenue grew 49% Y/Y from October 2023 and is up 18% M/M from September 2024 Digital Colocation Monthly Revenue grew 18% M/M from September 2024 Digital Assets Mining Monthly Revenue gre...

4 weeks ago - GlobeNewsWire

Mawson Infrastructure Group Inc. to Present at Roth 13th Annual Technology Conference

MIDLAND, Pa., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson" or "the Company"), a publicly-traded technology company focused on digital infrastructure plat...

4 weeks ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Reports Q3 2024 Unaudited Financial Results

Q3 2024 Digital Colocation Business Revenue increased 222% Y/Y Q3 2024 Energy Management Business Revenue increased 33% Y/Y Q3 2024 Total Revenue increased 50% YTD (9 months) in 2024 MIDLAND, Pa., Nov...

5 weeks ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for September 2024

Total Monthly Revenue up 65% Y/Y from September 2023 Energy Management Revenue up 271% Y/Y from September 2023 Digital Colocation Business Grows to Multi-Million Dollar Monthly Revenue in one year, up...

2 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for August 2024

Digital Colocation Revenue up 166% Y/Y from August 2023 and 25% M/M from July 2024 Total Monthly Revenue up 27% M/M from July 2024 Expanded into Artificial Intelligence (AI) and High-Performance Compu...

3 months ago - GlobeNewsWire

Mawson Infrastructure Group Expands to Ohio for AI/HPC Expansion

To Bolster Long-Term AI/HPC Growth Capacities, Mawson Expands to Ohio Expected to Increase Company's Total Capacity to 153 Megawatts upon Completion Mawson Invites Additional AI and HPC Partners for F...

4 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for July 2024

Digital Assets Colocation Monthly Revenue up 54% Y/Y from July last year Recently Expanded into AI (Artificial Intelligence) and HPC (High-Performance Computing) MarketsAI/HPC Colocation Agreement Rec...

4 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Reports Q2 2024 Financial Results

Q2 Digital Colocation Business Revenue increased 77% Y/Y Q2 Energy Management Business Revenue increased 70% Y/Y Company Optimized and Reduced Q2 SG&A Expenses by 42% Y/Y Q2 2024 Total Revenue Increas...

4 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. to Join World Summit AI (Artificial Intelligence) in October 2024

MIDLAND, Pa., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson" or "the Company"), a publicly traded digital infrastructure company headquartered in the Unite...

4 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Expands into AI and HPC Markets and Announces the Signing of AI/HPC Colocation Agreement for 20 MW

Initial AI/HPC (Artificial Intelligence/High-Performance Computing) Colocation Agreement Signed Expected to Generate Cumulative Revenue Potential of $285 Million 1 through 6-Year Initial 20 MW Contrac...

4 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. to Present at the 2024 Gateway Conference in San Francisco, CA

MIDLAND, Pa., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a publicly traded digital infrastructure company, announced that it will be...

4 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for June 2024

Digital Colocation Business Revenue up 56% Y/Y from June last year Energy Management Revenue up 262% Y/Y from June last year Completed 20 MW Facility Expansion Increasing Total Capacity to 129 MW and ...

5 months ago - GlobeNewsWire

Mawson Infrastructure Group Announces Several Recent New Hires to Further Drive Transformation and Growth Initiatives

MIDLAND, Pa., July 17, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson,” or “the Company”), a publicly traded digital infrastructure company, today announced several ...

5 months ago - GlobeNewsWire

Mawson Infrastructure Group Announces Successful Completion of Announced Facilities Expansion Plans

Mawson's site in the greater Pittsburgh area grows to be amongst the largest operating sites in the PJM market amongst all the North American Public Bitcoin Mining Companies Expanded Midland, Pennsylv...

6 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for May 2024

Digital Co-Location Business Revenue up 85% Y/Y from May last year Energy Management Revenue up 139% Y/Y from May last year Total Overall Revenue up 19% Y/Y from May last year 20 MW Facility Expansion...

6 months ago - GlobeNewsWire

Mawson Infrastructure Group Further Grows and Expands Digital Co-Location Business

Further Growth of 24% in Overall Digital Co-Location Services Business Expanding to about 31,164 Miners or about 102 MW Increases Digital Co-Location Services Business by about another 5,880 Miners or...

6 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for April 2024

Total Overall Revenue up 65% Y/Y from April last year Self-Mining Business Revenue up 73% Y/Y from April last year Co-Location Business Revenue up 105% Y/Y from April last year Announced 20 MW Expansi...

7 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Reports Q1 2024 Financial Results

Q1 2024 Total Revenue increased 145% Y/Y and 34% Q/Q Q1 Co-Location Business Revenue increased 90% Y/Y and 83% Q/Q Q1 Energy Management Business Revenue increased 461% Y/Y and 2% Q/Q Company optimized...

7 months ago - GlobeNewsWire

Mawson Infrastructure Group Announces Hiring of Head of Corporate Strategy and Head of Corporate Development

MIDLAND, Pa., May 09, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson,” or “the Company”), a digital infrastructure company, today announced that it has named Anurag ...

8 months ago - GlobeNewsWire

Mawson Infrastructure Group Announces Expansion Plans at Midland, Pennsylvania Facilities

Plans to Expand Midland Facilities Capacity to 120 MW and Miner Capacity to 38,810 Miners Mawson's Total Capacity Expected to be approximately 129 MW and 41,530 miners upon Expansion MIDLAND, Pa., Apr...

8 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for March 2024

Total Revenue Doubled with 100% Y/Y Growth from March of last year March Self-Mining Business Revenue up 182% Y/Y March Co-Location Business Revenue up 54% Y/Y March Total Revenue of about $5.44 milli...

8 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces New Board Chair

MIDLAND, Pa., April 15, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced that the Board of Directors o...

8 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Reports Q4 and Fiscal Year 2023 Financial Results

Q4 Co-Location Business Revenue increased 52% Q/Q Q4 Energy Management Business Revenue increased 64% Q/Q Total Quarterly Revenue increased 24% Q/Q to $14.02 Million MIDLAND, Pa., April 01, 2024 (GLOB...

9 months ago - GlobeNewsWire