Mawson Infrastructure Group (MIGI) AI Stock Analysis

• Market Cap: $9.03M
• Dividend Yield: N/A
• Average Volume (3M): 257.18K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.73
• Revenue Growth: -11.36%
• EPS Growth: 64.27%
• Country: US
• Employees: 33
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -0.40
• Shares Outstanding: 20,846,102
• 10 Day Avg. Volume: 358,687
• 30 Day Avg. Volume: 257,184
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.44
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 1.65
• Enterprise Value/Ebitda: -2.58
• 1Y Price Target: $0.50
• Price Target Upside: 19.05% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 39 Underperform
• Price Target: $0.50 ▲(19.05% Upside)

Mawson Infrastructure Group's overall stock score is low due to severe financial difficulties, bearish technical indicators, unattractive valuation metrics, and significant corporate challenges. The risk of Nasdaq delisting and executive turmoil further undermine investor confidence.

Positive Factors

Cryptocurrency Mining Operations

MIGI's focus on cryptocurrency mining positions it to benefit from the growing blockchain sector, leveraging its high-performance data centers for potential revenue growth.

Hosting Services for Miners

By providing hosting services, MIGI diversifies its revenue streams, enhancing stability and capitalizing on the increasing demand for mining infrastructure.

Strategic Data Center Locations

Strategically located data centers allow MIGI to optimize mining efficiency and profitability, potentially reducing operational costs and enhancing competitive advantage.

Negative Factors

Nasdaq Delisting Risk

The risk of delisting from Nasdaq could severely impact MIGI's market presence and investor confidence, limiting access to capital and affecting long-term growth prospects.

Executive Turmoil

Recent executive changes and legal issues may disrupt strategic direction and leadership stability, potentially hindering operational effectiveness and stakeholder trust.

Financial Instability

Negative equity and high leverage indicate financial instability, posing risks to solvency and limiting the company's ability to invest in growth opportunities.

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 generates revenue primarily through its cryptocurrency mining operations and related services. The company earns money by mining cryptocurrencies, particularly Bitcoin, using its extensive network of high-performance mining rigs located in strategically chosen data centers. Additionally, MIGI offers hosting services to third-party miners, charging fees for the use of its facilities and infrastructure. Key revenue streams include the sale of mined cryptocurrencies, hosting fees, and potentially partnerships with other technology firms in the blockchain space that may enhance its operational capabilities and market reach. Factors contributing to its earnings also include the fluctuating value of cryptocurrencies, operational efficiency, and the ability to secure low-cost energy sources for its mining operations.

Mawson Infrastructure Group Financial Statement Overview

Summary

Mawson Infrastructure Group is facing substantial financial difficulties. The company is struggling with declining revenues, persistent losses, high leverage, and negative equity. Cash flow challenges further exacerbate the situation, indicating a need for strategic financial restructuring to improve stability and profitability.

Income Statement

Mawson Infrastructure Group's income statement reveals significant challenges. The company has experienced declining revenue growth, with a negative growth rate of -6.59% in the TTM period. Profitability metrics are concerning, with negative net profit margins and EBIT margins, indicating ongoing losses. The gross profit margin is relatively stable but not sufficient to offset the high operating losses.

Balance Sheet

The balance sheet shows a precarious financial position with negative stockholders' equity, leading to an extremely high and negative debt-to-equity ratio. This indicates financial instability and high leverage. Return on equity is positive but misleading due to negative equity. The equity ratio is also negative, highlighting potential solvency issues.

Cash Flow

Cash flow analysis indicates significant challenges, with negative operating and free cash flows in the TTM period. Although there is a notable free cash flow growth rate, it is from a negative base, and the operating cash flow to net income ratio is very low, suggesting poor cash generation relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	50.73M	59.27M	43.57M	84.39M	43.86M	4.45M
Gross Profit	18.83M	20.28M	15.02M	36.67M	33.96M	1.29M
EBITDA	-12.04M	-23.43M	-10.03M	16.85M	-4.59M	-1.19M
Net Income	-25.08M	-46.13M	-60.42M	-52.76M	-44.96M	-5.03M
Balance Sheet
Total Assets	52.74M	61.44M	84.77M	133.33M	145.29M	3.19M
Cash, Cash Equivalents and Short-Term Investments	3.24M	6.09M	4.48M	946.26K	5.47M	3.08M
Total Debt	26.60M	25.28M	21.87M	31.26M	22.97M	287.00K
Total Liabilities	61.08M	64.68M	54.38M	57.16M	30.71M	7.34M
Stockholders Equity	-8.34M	-3.24M	29.24M	77.07M	114.75M	-4.15M
Cash Flow
Free Cash Flow	-3.49M	1.60M	-7.90M	-67.78M	-105.22M	-1.52M
Operating Cash Flow	-3.37M	3.56M	-2.55M	14.26M	22.95M	-1.52M
Investing Cash Flow	241.61K	-1.12M	10.74M	-32.54M	-128.25M	823.00K
Financing Cash Flow	-413.18K	-830.07K	-4.65M	13.99M	109.85M	197.00K

Mawson Infrastructure Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MIGI, the sentiment is Neutral. The current price of 0.42 is above the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.45, and below the 200-day MA of 0.63, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.46 is Neutral, neither overbought nor oversold. The STOCH value of 82.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MIGI.

Mawson Infrastructure Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MARA	56 Neutral	6.42B	16.57	14.17%	―	41.32%	-12.83%
ABTC	53 Neutral	1.36B	-5.04	0.00%	―	0.00%	0.00%
ABTS	47 Neutral	11.95M	-10.45	0.00%	―	31.69%	86.25%
GREE	41 Neutral	24.92M	-0.98	35.49%	―	-18.74%	0.00%
MIGI	39 Underperform	$9.03M	―	-461.16%	―	-11.36%	64.27%
ARBK	37 Underperform	17.96M	-0.29	0.00%	―	-13.86%	-32.19%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Mawson Infrastructure Group Corporate Events

Mawson Infrastructure Faces Nasdaq Delisting Risk

On February 6, 2025, Mawson Infrastructure Group received a notice from Nasdaq indicating that its stock had not met the minimum bid price requirement of $1.00 per share for 30 consecutive days. As of August 6, 2025, the company had not regained compliance, and its stock faces potential delisting. Mawson plans to request an extension to meet the compliance standards, but there is no guarantee of success, which could impact its market positioning and stakeholder confidence.

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.