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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.

News

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

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Mawson Infrastructure Group Inc. (NASDAQ: MIGI) has appointed Anurag Gandhi as Head of Corporate Strategy and Vikram Murali as Head of Corporate Development to drive strategic growth initiatives and future ecosystem consolidation opportunities. The new hires aim to enhance Mawson's transformation, growth, and business strategies in the digital infrastructure space, aligning with the Company's expansion plans and industry trends.

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Mawson Infrastructure Group Announces Expansion Plans at Midland, Pennsylvania Facilities

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Mawson Infrastructure Group Inc. (NASDAQ: MIGI) announced plans to expand its digital infrastructure and bitcoin mining facilities in Midland, Pennsylvania, increasing the capacity to 120 MW and 38,810 miners. This strategic move aims to meet the growing demand for digital infrastructure services and enhance the company's position in the market.

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

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Mawson Infrastructure Group Inc. reported a significant increase in total revenue for March 2024, with a doubling of revenue and 100% year-over-year growth compared to March of the previous year. The March self-mining business revenue saw an impressive 182% year-over-year increase, while the co-location business revenue also experienced a substantial 54% year-over-year growth.
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Mawson Infrastructure Group Inc. Announces New Board Chair

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Mawson Infrastructure Group Inc. appoints Ryan Costello as the new Board Chair, emphasizing a focus on U.S. operations and growth opportunities. Costello's background in Congress and experience with Mawson positions the company for continued success and stability in a volatile sector.
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Mawson Infrastructure Group Inc. Reports Q4 and Fiscal Year 2023 Financial Results

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Mawson Infrastructure Group Inc. (MIGI) reports a strong Q4 2023 with a 24% increase in total quarterly revenue to $14.02 million. Co-Location Business Revenue grew by 52% Q/Q and Energy Management Business Revenue by 64% Q/Q, marking a transformative year for the company.
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Mawson Infrastructure Group Expands Co-Location Business

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MIGI reports a significant 30% growth in total co-location services business, showcasing strong market performance and potential for investors.
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Mawson Infrastructure Group Inc. Announces Monthly Operational Update for February 2024

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MIGI reports impressive financial growth with total revenue up 141% year-over-year. Self-mining business revenue also surged by 159% year-over-year and 23% month-over-month in February.
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Mawson Infrastructure Group Inc. Announces Monthly Operational Update for January 2024

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MIGI announces a remarkable 3X growth in total revenue compared to January last year, with a significant revenue increase.
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Mawson Infrastructure Group Inc. Executes Another Customer Co-Location Agreement

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Mawson Infrastructure Group Inc. (NASDAQ:MIGI) has signed a new co-location agreement with Faith Technologies Incorporated for approximately 1,176 miners or 4 MW at Mawson’s Midland, Pennsylvania facilities. This agreement is the third co-location customer agreement executed by Mawson since the start of Q4, 2023, developing a multi-customer base for Mawson’s co-location business and providing additional growth opportunities. The company anticipates its Midland facilities operating at a total capacity of 100 MW with the combined potential for self-mining and co-location fleets at its Midland facilities comprising approximately 32,930 miners and 3.8 EH/s. Mawson’s facilities are expected to have a capacity of 100 MW with self-mining and the total co-location platforms combined.
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Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2023

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In December, MIGI's co-location and self-mining business revenue saw substantial month-over-month increases of 34% and 27% respectively. Additionally, the company completed its second co-location customer deployment of approximately 6 MW and 1,764 miners, contributing to the growth in total revenue.
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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.

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Mawson Infrastructure Group Inc.

Nasdaq:MIGI

MIGI Rankings

#5352 Ranked by Market Cap
N/A Ranked by Dividends

MIGI Stock Data

18.01M
14.89M
20.77%
7.92%
3.79%
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