Mawson Infrastructure Group (MIGI) AI Stock Analysis

• Market Cap: $23.76M
• Dividend Yield: N/A
• Average Volume (3M): 2.62M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.90
• 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: 1,637,990
• 30 Day Avg. Volume: 2,616,102
• 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: 1.31
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 1.65
• Enterprise Value/Ebitda: -2.58
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 50 Neutral
• Price Target: $1.00 ▼(-40.48% Downside)

Mawson Infrastructure Group's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, persistent losses, and high leverage. Technical analysis provides some short-term positive signals, but the valuation remains unattractive due to negative earnings and no dividend yield. The lack of earnings call data and corporate events further limits the assessment.

Positive Factors

High-Performance Infrastructure

Mawson's focus on high-performance computing infrastructure supports efficient cryptocurrency mining, providing a competitive edge in optimizing mining operations and potentially enhancing profitability over time.

Hosting Services Revenue

By providing hosting services to third-party miners, Mawson diversifies its revenue streams, which can stabilize income and reduce dependency on direct mining activities, offering resilience against cryptocurrency market volatility.

Strategic Data Center Locations

Strategically located data centers can reduce operational costs and improve energy efficiency, enhancing Mawson's competitive position and supporting sustainable long-term operations in the cryptocurrency mining industry.

Negative Factors

Declining Revenue Growth

Declining revenue growth indicates challenges in maintaining market share or pricing power, which can undermine long-term business sustainability and investor confidence in Mawson's growth strategy.

High Leverage

High leverage increases financial risk, limiting Mawson's ability to invest in growth opportunities and potentially leading to solvency issues, which can threaten the company's long-term viability.

Negative Cash Flow

Negative cash flow indicates poor cash generation, which can strain Mawson's ability to fund operations and investments, necessitating strategic changes to improve financial health and ensure sustainability.

Mawson Infrastructure Group Business Overview & Revenue Model

Company Description

Mawson Infrastructure Group, Inc. (MIGI) is a leading provider of digital infrastructure and cryptocurrency mining solutions. The company operates in the blockchain technology sector, focusing on the development and management of data centers that support cryptocurrency mining operations. MIGI's core services include the deployment of high-performance computing infrastructure, hosting services for miners, and the provision of ancillary services to optimize mining efficiency and profitability.

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: Positive
• Last Price: 1.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1.68 is above the 20-day moving average (MA) of 1.22, above the 50-day MA of 0.75, and above the 200-day MA of 0.60, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 52.64 is Neutral, neither overbought nor oversold. The STOCH value of 16.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MIGI.

Mawson Infrastructure Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MC	―	$5.10B	21.19	51.98%	3.82%	51.19%	456.59%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BTBT	―	$1.18B	―	-11.34%	―	14.65%	-240.80%
PJT	―	$5.61B	27.66	106.47%	0.62%	18.40%	54.77%
MIGI	―	$23.76M	―	―	―	-11.36%	64.27%
GREE	―	$28.68M	-1.17	―	―	-18.74%	39.95%
ARBK	―	$29.59M	-0.51	―	―	-13.86%	-32.19%

Mawson Infrastructure Group Corporate Events

Mawson Infrastructure Launches GPU Pilot for AI Network

On October 22, 2025, Mawson Infrastructure Group Inc. announced the launch of a graphics processing unit (GPU) pilot program on a decentralized AI network. This initiative represents a strategic shift for Mawson, expanding beyond digital asset mining into advanced computing sectors such as AI and HPC. The pilot aims to establish a scalable framework for Mawson to enhance its role as an AI infrastructure provider across the U.S. The project includes a 100-day plan to gather performance data, evaluate economics, and test market fit, showcasing Mawson’s capability to innovate within the competitive technology ecosystem.

The most recent analyst rating on (MIGI) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Mawson Infrastructure Group stock, see the MIGI Stock Forecast page.

Mawson Infrastructure Group Bankruptcy Petition Dismissed

On October 21, 2025, the United States Bankruptcy Court for the District of Delaware dismissed an involuntary bankruptcy petition filed against Mawson Infrastructure Group Inc. This decision allows the company to seek recovery of fees and damages from the creditors and is expected to alleviate downward pressure on its stock price, enhancing liquidity and supporting its continued growth. The dismissal strengthens Mawson’s financial and strategic position, paving the way for operational momentum and increased value for stockholders.

The most recent analyst rating on (MIGI) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Mawson Infrastructure Group stock, see the MIGI Stock Forecast page.

Mawson Infrastructure Group Announces New Stock Offering Agreement

On October 16, 2025, Mawson Infrastructure Group Inc. entered into an At the Market Offering Agreement with H.C. Wainwright & Co., LLC to sell shares of its common stock, aiming to raise up to $9.6 million. This move follows the voluntary termination of a prior sales agreement with Roth Capital Partners, LLC, under which no shares were sold. Additionally, at the company’s annual meeting on October 15, 2025, several key decisions were made, including the election of directors and approval of a reverse stock split. Mawson also announced preliminary financial results for the third quarter and nine months ended September 30, 2025, showing a decrease in revenue but an improvement in gross profit and a significant reduction in net loss compared to the previous year. The company is working to maintain its Nasdaq listing, having been granted an extension to meet certain compliance requirements.

The most recent analyst rating on (MIGI) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Mawson Infrastructure Group stock, see the MIGI Stock Forecast page.

Mawson Infrastructure Group Provides Key Corporate Update

On September 17, 2025, Mawson Infrastructure Group Inc. provided a corporate update, highlighting its continued normal operations in the U.S. and efforts to maintain its Nasdaq listing. The company received an extension from Nasdaq to comply with listing standards, with deadlines set for October 15 and November 7, 2025. Mawson is also addressing legacy legal matters and has filed a new shelf registration statement to maintain financial flexibility. The company’s focus remains on executing its growth strategy while navigating evolving capital markets.

The most recent analyst rating on (MIGI) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Mawson Infrastructure Group stock, see the MIGI Stock Forecast page.

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.