Mawson Infrastructure Group, Inc. (MIGI)

NASDAQ: MIGI · IEX Real-Time Price · USD
1.410
-0.090 (-6.00%)
At close: Jun 24, 2024, 4:00 PM
1.400
-0.010 (-0.71%)
After-hours: Jun 24, 2024, 5:36 PM EDT
-6.00%
Market Cap 24.70M
Revenue (ttm) 54.67M
Net Income (ttm) -69.08M
Shares Out 17.52M
EPS (ttm) -4.22
PE Ratio n/a
Forward PE 5.53
Dividend n/a
Ex-Dividend Date n/a
Volume 298,548
Open 1.360
Previous Close 1.500
Day's Range 1.330 - 1.500
52-Week Range 0.430 - 4.400
Beta 4.31
Analysts Buy
Price Target 2.00 (+41.84%)
Earnings Date Aug 19, 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 "Buy." The 12-month stock price forecast is $2.0, which is an increase of 41.84% from the latest price.

Price Target
$2.0
(41.84% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

4 days 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 days 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...

5 weeks 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...

5 weeks 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 ...

6 weeks 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...

7 weeks 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...

2 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...

2 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...

3 months ago - GlobeNewsWire

Mawson Infrastructure Group Expands Co-Location Business

30% Growth in Total Co-Location Services Business to about 25,284 Miners or about 82 MW Increases Co-Location Services Business by about 5,880 Miners or About 20 MW Expands Enterprise Customer Co-Loca...

3 months ago - GlobeNewsWire

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

Total Revenue up 141% Y/Y from February last year February Self-Mining Business Revenue up 159% Y/Y and up 23% M/M, about $2.56 million February Co-Location Business Revenue about $2.70 million, repre...

3 months ago - GlobeNewsWire

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

3X Growth in Total Revenue from January last year, and revenue up about 18% M/M January Total Revenue of about $7.06 million Recently Announced Third New Co-Location Customer Agreement PITTSBURGH, Feb...

4 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Executes Another Customer Co-Location Agreement

New Customer Agreement for Approximately 4 MW or 1,176 miners With Option for Expansion Continued Customer Onboarding in Co-Location Business and Develops Multi-Customer Base for Company's Capabilitie...

4 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2023

December Co-Location Business Revenue increased 34% M/M December Self-Mining Business Revenue increased 27% M/M Completed second Co-Location Customer Deployment of ~6 MW and ~1,764 miners December Tot...

5 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for November 2023

November Total Revenue increased 47% M/M November Total Revenue of Bitcoin Equivalent of 132 BTC 1 Completed Co-Location Customer Deployment of ~50 MW and ~15,876 miners Recently Signed Additional Co-...

6 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Executes New Customer Co-Location Agreement

New Customer Agreement for 1,764 miners or approximately 6 MW with Provision for Expansion Full Deployment Expected to be Completed by Year-end Once Completed, Mawson expected to have total capacity o...

6 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for October 2023

October Total Revenue of Bitcoin Equivalent of 110 BTC 1 Signed New Co-Location Customer Agreement for ~50 MW and 15,876 miners Company Optimizing Revenue and Margin Across its 3 Primary Businesses – ...

7 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Reports Q3 2023 Financial Results

Selected Unaudited Financial Highlights for Q3 FY 2023 Self-mined Bitcoin revenue and Bitcoin mined increased 41% and 35% Q/Q, respectively, to $6.9 Million and 246 BTC Total Quarterly Revenue increas...

8 months ago - GlobeNewsWire

CORRECTION – Mawson Infrastructure Group Inc. Executes Customer Co-Location Agreement

SHARON, Pa., Oct. 20, 2023 (GLOBE NEWSWIRE) --  In a release issued under the same headline on Thursday, October 19th by Mawson Infrastructure Group Inc. (NASDAQ:MIGI), please note the numbers listed ...

8 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Executes Customer Co-Location Agreement

Customer Agreement for about 15,876 Bitmain Antminer S19 XP Co-location Miners and approximately 50 MW of Power With Self-mining and Co-location platforms combined, Mawson's facilities are expected to...

8 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for September 2023

September Self-Mining Bitcoin Production grew to 89 BTC Total Number of Self-Miners Hashing increased to Approximately 16,730 Energy Market Program Monthly Revenue increased 17% M/M SHARON, Pa., Oct. ...

8 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc Announces New Board Appointment

SHARON, Pa., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) ("Mawson" or the "Company"), a digital infrastructure provider, announced today the appointment of Mr.

9 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for August 2023

Self-Mining Bitcoin Production grew 27% M/M to 88 BTC and Company Set Monthly Operational Performance Record for its Sites Self-Mining Bitcoin Production grew 27% M/M to 88 BTC and Company Set Monthly...

9 months ago - GlobeNewsWire

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for July 2023

SHARON, Pa.--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure company, announced today its unaudited business and operational updat...

10 months ago - Business Wire

Mawson Infrastructure Group Inc. Reports Q2 2023 Financial Results

SHARON, Pa.--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson”), a digital infrastructure company, today announced its unaudited financial results and highlights for the secon...

11 months ago - Business Wire