STOCK TITAN

Mawson Infrastructure Group Inc. - MIGI STOCK NEWS

Welcome to our dedicated page for Mawson Infrastructure Group news (Ticker: MIGI), a resource for investors and traders seeking the latest updates and insights on Mawson Infrastructure Group stock.

Mawson Infrastructure Group Inc is a digital infrastructure provider, with diversified operations across Cryptocurrency Mining and Digital Asset Management. The company's mission is to build a bridge between the rapidly emerging digital asset industry and traditional capital markets, focusing on shareholder returns. Mawson operates in a single segment surrounding its digital currency mining operation, offering digital currency or Bitcoin self-mining, customer co-location services, and energy markets.

Its CEO Rahul Mewawalla announced a strong operational update for March and April 2024, highlighting significant revenue growth and expansion plans at the Midland facility. With approximately 109 MW of total power capacity, Mawson seeks to enhance its self-mining and co-location services to meet the growing demand for digital infrastructure business services.

Rhea-AI Summary

Mawson Infrastructure Group (NASDAQ:MIGI) announced a significant advancement in its Bitcoin self-mining capabilities, currently operating above 1.0 EH and projecting to reach approximately 1.1 EH by the end of January 2022. This marks a 38% increase from the previous update, yielding about 5.8 Bitcoin per day. Expansion efforts at facilities in Georgia and Pennsylvania are underway, with Georgia achieving an additional 60MW of energy capacity for a total of 100MW. The company also anticipates producing 3.35 EH by Q2 2022, aiming for 5.0 EH by early Q1 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
none
-
Rhea-AI Summary

Mawson Infrastructure Group (NASDAQ:MIGI) will present at the Sidoti Winter Smallcap Virtual Investor Conference on January 20, 2022, at 8:30 AM ET. The virtual event allows Mawson management to engage in 1:1 investor meetings. Mawson operates in the USA and Australia, providing digital infrastructure solutions that support Bitcoin mining amid a growing digital economy. The company focuses on sustainability and shareholder returns. For registration details, visit Sidoti Winter Conference.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.37%
Tags
conferences
-
Rhea-AI Summary

Mawson Infrastructure Group (NASDAQ:MIGI) released a report on the economic impact of Australia's cryptocurrency sector. The report emphasizes that in 2021, this industry contributed $2.1 billion to the Australian economy and created approximately 11,600 jobs. With further reforms, projections suggest a potential increase to $68.4 billion and over 200,000 jobs by 2030. Mawson highlights the need for a suitable regulatory framework to ensure the growth and security of the digital asset sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.12%
Tags
none
Rhea-AI Summary

Mawson Infrastructure Group (NASDAQ:MIGI) will present at the B. Riley Securities Crypto Conference on December 8, 2021, in New York City. The event format includes a fireside chat and one-on-one investor meetings. Mawson management will also conduct investor meetings on December 9 and 10, 2021. The company focuses on sustainable energy solutions in the digital infrastructure sector, specifically in Bitcoin mining. For more information, contact Brett Maas at brett@haydenir.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
Tags
conferences
-
Rhea-AI Summary

Mawson Infrastructure Group (NASDAQ:MIGI) has joined the Crypto Climate Accord (CCA), a private sector initiative aimed at decarbonizing the cryptocurrency industry. This initiative aligns with Mawson's commitment to sustainability, pledging to use predominantly sustainable energy sources such as nuclear, wind, and hydro. Mawson aims for net-zero carbon emissions by 2030 and is focused on assisting the global transition to a decarbonized society. CEO James Manning expressed enthusiasm for collaborating with other organizations towards these environmental goals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.31%
Tags
none
-
Rhea-AI Summary

Mawson Infrastructure Group (NASDAQ:MIGI) announced its membership in the Bitcoin Mining Council, a forum dedicated to promoting transparency in Bitcoin mining. The company emphasizes its commitment to sustainability, using non-carbon emitting energy sources, including nuclear, wind, and hydro. Mawson has also partnered with Quinbrook Infrastructure Partners to enhance its green energy initiatives.

CEO James Manning expressed enthusiasm for sharing insights on sustainable energy and highlighted a new site operational in Australia, co-located with a renewable energy asset.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.21%
Tags
none
Rhea-AI Summary

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) announced a conference call on November 16, 2021, at 5:00 p.m. ET to discuss its Q3 results. An investor presentation will be available on their website. U.S. callers can reach the conference at 1-877-407-4018, while international callers can dial 1-201-689-8471, using conference ID 13724645. A replay will be accessible from November 16 at 8:00 p.m. ET to November 30 at 11:59 p.m. ET. Mawson focuses on digital asset infrastructure, combining cryptocurrency mining with digital asset management.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.95%
Tags
none
-
Rhea-AI Summary

Mawson Infrastructure reported a remarkable Q3 2021 with revenue of $10.9 million, reflecting a significant 1100% increase from Q3 2020. The gross profit surged to $8.4 million, up from $44,000 last year. The company successfully listed on the NASDAQ under the ticker ‘MIGI’ and raised $45 million in capital. Key expansions include a new 100MW facility in Pennsylvania and 17,352 additional ASIC bitcoin miners, expected to boost operational capacity significantly.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
-
Rhea-AI Summary

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) announces the listing of its first product, the Cosmos Global Digital Miners Access ETF (DIGA.CXA), on the Chi-X stock exchange in Australia. This ETF aims to track the performance of the Global Digital Miners Index, managed by Standard & Poor’s, offering investors exposure to leading companies in the cryptocurrency mining sector. CEO James Manning emphasized its significance for Australian investors, allowing them access to cryptocurrency mining without needing to manage multiple direct equities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.86%
Tags
none
Rhea-AI Summary

Mawson Infrastructure Group (NASDAQ:MIGI) is launching its first Australian data center powered entirely by renewable energy in partnership with Quinbrook Infrastructure Partners. Set to go live in October 2021, this 20MW facility in New South Wales will add approximately 0.4 EH to global operations. Mawson plans to further develop renewable energy assets in both Australia and the US. CEO James Manning emphasized the importance of renewable energy in future data center infrastructure, aligning with the company's focus on sustainable bitcoin mining.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
partnership

FAQ

What is the current stock price of Mawson Infrastructure Group (MIGI)?

The current stock price of Mawson Infrastructure Group (MIGI) is $0.942 as of December 20, 2024.

What is the market cap of Mawson Infrastructure Group (MIGI)?

The market cap of Mawson Infrastructure Group (MIGI) is approximately 18.0M.

What is Mawson Infrastructure Group Inc's primary focus?

Mawson Infrastructure Group Inc focuses on providing digital infrastructure services through Cryptocurrency Mining and Digital Asset Management.

What are the three primary businesses of Mawson Infrastructure Group Inc?

The company's primary businesses include digital currency or Bitcoin self-mining, customer co-location services, and energy markets.

Who is Mawson Infrastructure Group Inc's CEO?

Rahul Mewawalla is the CEO and President of Mawson Infrastructure Group Inc.

What did the CEO highlight in the operational update for March and April 2024?

The CEO highlighted significant revenue growth and expansion plans at the Midland facility.

What is the total power capacity of Mawson Infrastructure Group Inc's operating sites?

Mawson Infrastructure Group Inc's operating sites have approximately 109 MW of total power capacity.

What is Mawson Infrastructure Group Inc's mission?

The company's mission is to build a bridge between the digital asset industry and traditional capital markets, focusing on shareholder returns.

Where can I learn more about Mawson Infrastructure Group Inc's operations?

For more information about Mawson Infrastructure Group Inc's operations, visit their official website at https://www.mawsoninc.com.

What are Mawson Infrastructure Group Inc's expansion plans?

The company plans to expand its Midland facility near Pittsburgh to meet the growing demand for digital infrastructure business services.

What are the key services offered by Mawson Infrastructure Group Inc?

Mawson Infrastructure Group Inc offers digital currency or Bitcoin self-mining, customer co-location services, and energy markets.

How does Mawson Infrastructure Group Inc plan to accelerate the digital economy?

Mawson Infrastructure Group Inc uses innovation, technology, and operational expertise to optimize digital infrastructure and accelerate the digital economy.

Who are the new hires at Mawson Infrastructure Group Inc?

Anurag Gandhi, Director of Corporate Strategy, and Vikram Murali, Director of Corporate Development, have joined the Mawson team to lead strategic and growth activities for the company.

Mawson Infrastructure Group Inc.

Nasdaq:MIGI

MIGI Rankings

MIGI Stock Data

18.01M
14.89M
20.77%
7.92%
3.79%
Capital Markets
Finance Services
Link
United States of America
SHARON