Mawson Infrastructure Group Set to Join Russell Microcap® Index

Rhea-AI Summary

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) will join the Russell Microcap® Index, effective June 26, 2023. Membership in the index lasts for one year and provides automatic inclusion in growth and value style indexes. The Russell indexes are widely used by investment managers and institutional investors, with approximately $12.1 trillion in assets benchmarked against Russell's US indexes.

SHARON, Pa.--(BUSINESS WIRE)-- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, is set to join the broad-market Russell Microcap® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19.

Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Rahul Mewawalla, CEO and President, said, "We look forward to being added to the Russell Index. It is an exciting time for the Company, and our incredibly talented and innovative team, as we continue to capitalize on the opportunities ahead for the Company. We look forward to sharing updates with our institutional and retail shareholders about our progress and also look forward to meeting new shareholders during our investor events and conferences in 2023.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the United States. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation Mobile Data Center (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.

For more information, visit: www.mawsoninc.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 23, 2023, and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on May 15, 2023, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230530005519/en/

Investor Contact:

Sandy Harrison

VP of Investor Relations

IR@MawsonInc.com

Brett Maas

646-536-7331

brett@haydenir.com

www.haydenir.com

Source: Mawson Infrastructure Group Inc.

FAQ

What is the news about Mawson Infrastructure Group Inc.?

Mawson Infrastructure Group Inc. will join the Russell Microcap® Index.

When will Mawson Infrastructure Group Inc. join the index?

Mawson Infrastructure Group Inc. will join the index on June 26, 2023.

How long does membership in the Russell Microcap® Index last?

Membership in the index lasts for one year.

What are the benefits of joining the Russell Microcap® Index?

Joining the index provides automatic inclusion in growth and value style indexes.

Who uses the Russell indexes?

The Russell indexes are widely used by investment managers and institutional investors.

How much assets are benchmarked against Russell's US indexes?

Approximately $12.1 trillion in assets are benchmarked against Russell's US indexes.