Mawson Infrastructure Group (MIGI) AI Stock Analysis

• Market Cap: $8.87M
• Dividend Yield: N/A
• Average Volume (3M): 468.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.83
• Revenue Growth: -0.67%
• EPS Growth: 65.35%
• Country: US
• Employees: 33
• Sector: Financial
• Sector Strength: 67
• Industry: Financial - Capital Markets
• EPS (TTM): -0.02
• Shares Outstanding: 19,796,911
• 10 Day Avg. Volume: 211,267
• 30 Day Avg. Volume: 468,775
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 3.34
• Enterprise Value/Revenue: 0.55
• Enterprise Value/Gross Profit: 1.54
• Enterprise Value/Ebitda: -2.71
• 1Y Price Target: $0.50
• Price Target Upside: 11.11% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 39 Underperform
• Price Target: $0.50 ▲(11.11% Upside)

Mawson Infrastructure Group's overall stock score is driven by severe financial distress, reflected in negative earnings and cash flow, exacerbated by recent adverse corporate events including delisting threats and executive management issues. Technical analysis signals bearish momentum, and valuation metrics show significant challenges, supporting a very low score.

Positive Factors

Market Adaptability

Mawson continues working on its 24MW Ohio facility intended to address the maturing HPC market, with flexible infrastructure easily upgraded to meet more stringent tier 3 demands.

New Agreements

Mawson announced a three-year, 64MW mining hosting agreement, with potential customers such as BitFuFu, Cango Inc., and Antalpha Platform.

Revenue Growth

Mawson's hosting-focused business model saw revenue up 27% year over year to $10.4M.

Negative Factors

Investment Risks

An investment in Mawson Infrastructure Group includes risks such as bitcoin's pricing and network hash rate volatility, limited operating history as a larger industrial bitcoin miner, potential dilution, and recent fund-raising behavior.

Legal Risks

The company faces risks in its debt levels and the battle for the Sharon, PA site, for which the company believes it has claims.

Mawson Infrastructure Group Business Overview & Revenue Model

Company Description

Mawson Infrastructure Group (MIGI) is a digital infrastructure provider focused on the blockchain and digital asset ecosystem. The company specializes in the operation and management of cryptocurrency mining facilities, offering efficient and scalable solutions for digital currency production. With a commitment to sustainability, Mawson Infrastructure Group integrates renewable energy solutions to power its mining operations, aiming to reduce its carbon footprint and promote environmentally responsible practices within the industry.

How the Company Makes Money

Mawson Infrastructure Group makes money primarily through cryptocurrency mining operations. The company operates large-scale mining facilities that solve complex mathematical problems to validate transactions on the blockchain, earning cryptocurrency rewards in return. These rewards, typically in the form of Bitcoin or other digital currencies, are then either held as assets or sold on the market for revenue. Additionally, MIGI may generate income through hosting services, where it provides infrastructure and management for third-party clients' mining equipment, charging fees for the use of its facilities and expertise. Strategic partnerships with energy providers and technology firms also play a role in optimizing operational efficiency and lowering costs, thereby enhancing profitability.

Mawson Infrastructure Group Financial Statement Overview

Summary

Mawson Infrastructure Group faces significant financial challenges across all key financial statements. The income statement is marked by recurring losses and declining revenues. The balance sheet is stressed by high leverage and negative equity, raising solvency concerns. Cash flow analysis shows slight operational cash generation, but negative free cash flow signals liquidity and sustainability issues. Overall, the company is in a precarious financial position, requiring strategic intervention to stabilize and improve financial performance.

Income Statement

The income statement reveals significant challenges, with persistent net losses and negative EBIT and EBITDA margins. Revenue has been volatile, with recent declines impacting profitability. Although gross profit margin remains positive, the overall financial health is concerning due to substantial net income losses and declining revenue trends.

Balance Sheet

The balance sheet highlights financial instability, with a negative stockholders' equity and high debt levels. The debt-to-equity ratio cannot be calculated due to negative equity, indicating potential solvency risks. The equity ratio is also negative, underscoring the company's leveraged position and vulnerability.

Cash Flow

Cash flow analysis shows some resilience with positive operating cash flow in the TTM, but free cash flow remains negative, reflecting ongoing capital challenges. The operating cash flow to net income ratio is high due to significant net losses, suggesting operational inefficiencies. Free cash flow growth is negative, indicating cash management issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	59.27M	43.57M	84.39M	43.86M	4.45M
Gross Profit	20.28M	15.02M	36.67M	33.96M	1.29M
EBITDA	-23.43M	-10.03M	16.85M	-4.59M	-1.19M
Net Income	-46.13M	-60.42M	-52.76M	-44.96M	-5.03M
Balance Sheet
Total Assets	61.44M	84.77M	133.33M	145.29M	3.19M
Cash, Cash Equivalents and Short-Term Investments	6.09M	4.48M	946.26K	5.47M	3.08M
Total Debt	25.28M	21.87M	31.26M	22.97M	287.00K
Total Liabilities	64.68M	54.38M	57.16M	30.71M	7.34M
Stockholders Equity	-3.24M	29.24M	77.07M	114.75M	-4.15M
Cash Flow
Free Cash Flow	1.60M	-7.90M	-67.78M	-105.22M	-1.52M
Operating Cash Flow	3.56M	-2.55M	14.26M	22.95M	-1.52M
Investing Cash Flow	-1.12M	10.74M	-32.54M	-128.25M	823.00K
Financing Cash Flow	-830.07K	-4.65M	13.99M	109.85M	197.00K

Mawson Infrastructure Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MIGI, the sentiment is Negative. The current price of 0.45 is below the 20-day moving average (MA) of 0.51, below the 50-day MA of 0.51, and below the 200-day MA of 0.83, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 43.73 is Neutral, neither overbought nor oversold. The STOCH value of 24.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MIGI.

Mawson Infrastructure Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	$17.02B	11.60	9.79%	3.95%	10.63%	2.01%
MARA	54 Neutral	$5.79B	14.23	18.26%	―	41.32%	-12.83%
GRYP	51 Neutral	$99.38M	―	173.25%	―	―	―
ABTS	47 Neutral	$9.48M	―	-8.39%	―	―	―
GREE	45 Neutral	$23.62M	―	22.29%	―	-20.28%	48.08%
MIGI	39 Underperform	$8.87M	―	-461.16%	―	-0.67%	65.35%
ARBK	37 Underperform	$22.03M	―	242.25%	―	―	―

Mawson Infrastructure Group Corporate Events

Mawson Infrastructure Faces Nasdaq Delisting Risk

On January 24, 2025, Mawson Infrastructure Group Inc. received a notice from Nasdaq indicating its market value of listed securities had fallen below the required $35 million for 33 consecutive business days, risking delisting. The company plans to request a hearing to seek an extension to comply with Nasdaq’s listing requirements, though there is no assurance of success. If unsuccessful, Mawson’s stock may be delisted, impacting its market presence and stakeholder interests.

Mawson Infrastructure Sets 2025 Stockholder Meeting Date

Mawson Infrastructure Group has announced that its 2025 Annual Meeting of Stockholders will be held on October 15, 2025. The board has set August 21, 2025, as the record date for determining stockholders eligible to vote. Due to the meeting being scheduled more than 30 days after the previous year’s meeting, a new deadline for stockholder proposals has been established for August 25, 2025, to be included in the proxy materials. Proposals submitted after this date will not be considered timely.

Mawson Infrastructure Group CEO Termination and Lawsuit

On July 8, 2025, Mawson Infrastructure Group Inc. terminated Rahul Mewawalla’s employment as CEO and President for cause, resulting in the forfeiture of his unvested restricted stock units. The company also requested his resignation from the Board, which was effective immediately. Additionally, Mawson filed a lawsuit against Mewawalla in the Delaware Court of Chancery, alleging breach of fiduciary duties and fraud.