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.
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Mawson Infrastructure Group Inc. reports Q2 FY 2023 financial highlights, with total revenue of $10.6 million, a 38% increase Q/Q. Self-mined Bitcoin revenue increased by 78% Q/Q to $4.9 million. Self-mined Bitcoin increased by 50% Q/Q to 182 BTC. Company focuses on driving execution and enhancing operations. Mawson invites Indications of Interest for hosting and digital infrastructure services. Strategic focus on expansion opportunities in PJM energy markets. Net loss of $17.6 million in Q2 2023.
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Mawson Infrastructure Group Inc. (NASDAQ:MIGI) is inviting outside parties to provide Indications of Interest (IOI) for its hosting and digital infrastructure services, including BTC miner hosting and HPC co-location. The company expects a significant increase in demand and interest for reliable hosting rack space and is seeking potential customers and partners. Mawson is offering opportunities for discussions on up to 55 MW in potential hosting capacity. However, a current customer, Celsius Mining LLC, will not renew its hosting agreement, which will expire in August 2023, creating opportunities for approximately 20,000 rack spaces. CEO Rahul Mewawalla mentioned the growing demand for hosting and co-location sites driven by Bitcoin mining and HPC applications, and expressed excitement to deliver enhanced value to hosting customers.
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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.
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Rahul Mewawalla has been appointed as Chief Executive Officer and President of Mawson Infrastructure Group Inc. The company aims to focus more on its U.S. operations and expansion opportunities. James Manning, the current CEO, will step down but continue to serve on the Board of Directors. The Board is excited about the appointment and looks forward to the next phase of growth.
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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.
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
United States of America
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