Mawson Infrastructure Group Inc. (MIGI)
NASDAQ:MIGI
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Mawson Infrastructure Group
(NASDAQ:MIGI)
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Rating:46Neutral
Price Target:
$7.00
▲(70.73% Upside)
Action:ReiteratedDate:04/15/26
The score is driven down primarily by weak financial performance (persistent losses, negative equity, and renewed cash burn). Technicals provide some near-term support due to price strength versus moving averages, but overbought signals and high volatility elevate risk. Corporate events are mixed, with strategic repositioning offset by governance/legal turbulence, while valuation is constrained by negative earnings and no dividend.
Positive Factors
Management overhaul and strategic pivot to AI/HPC
A board and executive overhaul with explicit priorities to stabilize capital and pivot toward AI/high-performance computing is a durable strategic reset. Improved governance and dedicated leadership can enable execution of M&A, joint ventures and facility repurposing into higher-margin enterprise workloads.
Negative Factors
Negative equity and rising leverage
Negative shareholders' equity and increasing debt indicate meaningful balance-sheet strain and higher leverage risk. Persistent negative equity constrains financing options, raises refinancing risk, and could limit the company's ability to fund capital-intensive pivots into AI/HPC without dilutive or costly external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Management overhaul and strategic pivot to AI/HPC
A board and executive overhaul with explicit priorities to stabilize capital and pivot toward AI/high-performance computing is a durable strategic reset. Improved governance and dedicated leadership can enable execution of M&A, joint ventures and facility repurposing into higher-margin enterprise workloads.
Read all positive factors
Mawson Infrastructure Group (MIGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.40M
Dividend YieldN/A
Average Volume (3M)960.24K
Price to Earnings (P/E)―
Beta (1Y)4.30
Revenue Growth-11.39%
EPS Growth79.96%
CountryUS
Employees33
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.20
Shares Outstanding5,486,730
10 Day Avg. Volume2,757,938
30 Day Avg. Volume960,244
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-1.59
Price to Sales (P/S)0.12
P/FCF Ratio-0.70
Enterprise Value/Market Cap0.65
Enterprise Value/Revenue0.56
Enterprise Value/Gross Profit1.28
Enterprise Value/Ebitda-1.66
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mawson Infrastructure Group Business Overview & Revenue Model
Company Description
Mawson Infrastructure Group Inc., a digital infrastructure provider, operates in cryptocurrency mining in the United States and Australia. It owns and operates modular data centers. The company is based in North Sydney, Australia....
How the Company Makes Money
Mawson Infrastructure Group primarily generates revenue by producing Bitcoin through operating its own mining equipment and then recognizing revenue based on the Bitcoin it earns from mining (typically via participation in mining pools, where rewa...
Mawson Infrastructure Group Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
18
Very Negative
Cash Flow
20
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 39.75M | 59.27M | 43.57M | 84.39M | 43.86M |
| Gross Profit | 17.34M | 20.28M | 15.01M | 36.67M | 33.96M |
| EBITDA | -13.36M | -23.43M | -10.03M | 16.85M | -4.59M |
| Net Income | -23.66M | -46.13M | -58.55M | -52.76M | -44.96M |
Balance Sheet | |||||
| Total Assets | 57.44M | 61.44M | 84.77M | 133.33M | 145.29M |
| Cash, Cash Equivalents and Short-Term Investments | 13.27M | 6.09M | 4.48M | 946.26K | 5.47M |
| Total Debt | 28.48M | 25.28M | 21.87M | 31.26M | 22.97M |
| Total Liabilities | 60.56M | 64.68M | 54.38M | 57.16M | 30.71M |
| Stockholders Equity | -3.12M | -3.24M | 29.24M | 77.07M | 114.75M |
Cash Flow | |||||
| Free Cash Flow | -7.05M | 1.60M | -7.90M | -67.78M | -105.22M |
| Operating Cash Flow | -6.90M | 3.56M | -2.55M | 14.26M | 22.95M |
| Investing Cash Flow | -109.69K | -1.12M | 10.74M | -32.54M | -128.25M |
| Financing Cash Flow | 14.19M | -830.07K | -4.65M | 13.99M | 109.85M |
Mawson Infrastructure Group Technical Analysis
Positive
4.10
Price Trends
3.16
Positive
3.87
Positive
8.48
Negative
Market Momentum
0.94
Negative
84.28
Negative
92.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MIGI, the sentiment is Positive. The current price of 4.1 is above the 20-day moving average (MA) of 3.53, above the 50-day MA of 3.16, and below the 200-day MA of 8.48, indicating a neutral trend. The MACD of 0.94 indicates Negative momentum. The RSI at 84.28 is Negative, neither overbought nor oversold. The STOCH value of 92.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MIGI.
Mawson Infrastructure Group Risk Analysis
Mawson Infrastructure Group disclosed 43 risk factors in its most recent earnings report. Mawson Infrastructure Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mawson Infrastructure Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $5.31B | 22.13 | 44.30% | 3.69% | 51.19% | 456.59% | |
71 Outperform | $3.94B | 23.88 | 84.45% | 0.58% | 23.16% | 64.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
46 Neutral | $34.40M | -0.08 | 424.23% | ― | -11.39% | 79.96% | |
46 Neutral | $499.66M | -60.68 | -11.98% | ― | 9.52% | 496.04% | |
44 Neutral | $19.80M | 1.61 | ― | ― | -3.52% | 83.39% | |
39 Underperform | $7.82M | -0.41 | ― | ― | -13.86% | -32.19% |
* Financial Sector Average
MIGI
Mawson Infrastructure Group
7.10
-0.77
-9.78%
GREE
Greenidge Generation Holdings
1.32
0.69
109.52%
MC
Moelis
67.59
19.97
41.94%
PJT
PJT Partners
159.51
33.31
26.40%
BTBT
Bit Digital
1.58
-0.18
-10.23%
ARBK
Argo Blockchain
2.95
-68.39
-95.87%
Mawson Infrastructure Group Corporate Events
Business Operations and StrategyExecutive/Board Changes
Mawson Infrastructure Unveils New Leadership, Strategic Transformation Plan
Positive
Apr 8, 2026
On April 6, 2026, Mawson Infrastructure Group Inc. reconstituted its leadership by electing Joshua Kilgore and Daniel J. Morrison to its Board of Directors and appointing Kilgore as Executive Chairman, Phil Stanley as Chief Executive Officer, and ...
Business Operations and StrategyExecutive/Board Changes
Mawson Reshapes Board to Support Digital Infrastructure Growth
Positive
Apr 6, 2026
Mawson Infrastructure Group Inc., a U.S.-based digital infrastructure and Bitcoin mining operator, designs, builds and runs AI, high performance computing and digital asset platforms, offering both self-mining and colocation services to enterprise...
Business Operations and StrategyFinancial DisclosuresLegal ProceedingsRegulatory Filings and Compliance
Mawson Launches Strategic Review Amid Shift Toward AI
Positive
Mar 16, 2026
On March 16, 2026, Mawson Infrastructure Group reported that over fiscal 2025 it regained Nasdaq compliance, settled multiple lawsuits that cut current liabilities by $19 million, and began a strategic shift toward artificial intelligence and high...
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
Mawson Infrastructure Reports Weak Quarter but Improved Annual Results
Negative
Feb 6, 2026
On February 6, 2026, Mawson Infrastructure Group reported preliminary, unaudited results for the fourth quarter and full year ended December 31, 2025, indicating a steep deterioration in quarterly performance but an improved full-year bottom line....
Business Operations and StrategyDividends
Mawson Adopts Rights Plan to Thwart Takeover Effort
Negative
Feb 2, 2026
On February 1–2, 2026, Mawson Infrastructure Group’s board approved a limited-duration stockholder rights agreement and a related dividend of one right for each common share outstanding as of February 12, 2026, with each right allowing...
Business Operations and StrategyLegal Proceedings
Mawson Infrastructure Challenges Alleged Hostile Bid in Court
Negative
Jan 22, 2026
On January 20, 2026, Mawson Infrastructure Group Inc. filed a complaint in the U.S. District Court for the District of Delaware against Endeavor Blockchain, LLC and affiliated investors, alleging violations of Sections 13(d) and 10(b) of the Secur...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.