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MIGI

Mawson Infrastructure Group, Inc.

MIGI

Mawson Infrastructure Group, Inc. • NASDAQ
$5.15 ▲ 0.19% (+0.01)
Market Cap $5.06 M
52w High $46.40
52w Low $4.40
Dividend Yield 0%
P/E -0.42
Volume 73.58K
Outstanding Shares 982.96K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $13.175M ▲ $4.439M ▼ $327.659K ▲ 2.487% ▲ $0.4 ▲ $2.973M ▲
Q2-2025 $9.533M ▼ $10.507M ▲ $-8.021M ▼ -84.142% ▼ $-8 ▼ $-5.437M ▼
Q1-2025 $13.814M ▼ $5.347M ▼ $-310.863K ▲ -2.25% ▲ $-0.33 ▲ $2.43M ▲
Q4-2024 $15.066M ▲ $9.964M ▼ $-4.521M ▲ -30.008% ▲ $-4.8 ▲ $-2.114M ▲
Q3-2024 $12.316M $15.718M $-12.228M -99.285% $-13.2 $-6.923M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.277M ▼ $52.017M ▼ $61.42M ▲ $-9.404M ▼
Q2-2025 $3.24M ▼ $52.74M ▼ $61.08M ▲ $-8.34M ▼
Q1-2025 $5.47M ▼ $57.864M ▼ $59.308M ▼ $-1.444M ▲
Q4-2024 $6.09M ▲ $61.44M ▲ $64.679M ▲ $-3.239M ▼
Q3-2024 $5.758M $60.767M $62.323M $-1.556M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $327.659K ▲ $-844.509K ▲ $-15.173K ▲ $-103.294K ▼ $-962.976K ▲ $-859.682K ▲
Q2-2025 $-8.021M ▼ $-2.079M ▼ $-48.137K ▼ $-103.293K ▲ $-2.23M ▼ $-2.127M ▼
Q1-2025 $-310.863K ▲ $-510.385K ▼ $-6.496K ▲ $-103.295K ▼ $-620.176K ▼ $-516.881K ▼
Q4-2024 $-4.521M ▲ $456.169K ▲ $-21.384K ▼ $-103.294K ▲ $331.491K ▲ $432.877K ▲
Q3-2024 $-12.433M $-1.238M $317.627K $-103.295K $-1.024M $-1.277M

Five-Year Company Overview

Income Statement

Income Statement Mawson’s income statement shows a company still in the “building” phase rather than the “harvesting” phase. Revenue is small and has bounced around year to year, not forming a clear growth trend yet. The company has been able to generate some gross profit on that revenue, which means the direct economics of running its operations are not broken. However, once overhead, corporate costs, and other expenses are included, Mawson has consistently reported operating losses and net losses. Losses per share have been shrinking over the last few years, which is a mild positive, but they remain sizable. Overall, the pattern is one of an early-stage, capital-intensive business that has not yet reached the scale needed to cover its full cost base.

Balance Sheet

Balance Sheet The balance sheet reflects a small company with limited financial cushion. Total assets have come down from earlier peaks, and cash on hand is modest. Debt is present but not extreme in absolute terms; the more important point is that shareholders’ equity has thinned out over time and is now very slim. That suggests less room to absorb setbacks and may constrain the company’s flexibility. Multiple reverse stock splits over the years signal past share price pressure and efforts to maintain listing status. Overall, the balance sheet looks tight and highlights the importance of careful capital management and access to funding.

Cash Flow

Cash Flow Cash flow paints a picture of a business working hard to balance investment needs with limited resources. Operating cash flow has hovered around breakeven to mildly positive, which is better than heavy cash burn but still not strong. Historically, free cash flow was clearly negative, driven by heavy spending on equipment and facilities. In more recent periods, investment spending has dropped sharply, bringing free cash flow closer to neutral. This shift suggests Mawson has moved from a heavy build-out phase into a more cautious, capital-light stance. While that reduces immediate cash strain, it could also limit the pace of future expansion unless new funding or stronger operating cash flows appear.

Competitive Edge

Competitive Edge Mawson operates in a very competitive and fast-moving space: digital infrastructure for Bitcoin mining, digital asset hosting, and now AI and high-performance computing. Its main strengths are its integrated model (from energy management to modular data centers), focus on lower-carbon power sources, and flexibility through modular, quickly deployable facilities. This can appeal to customers who care about sustainability and need scalable, high-density computing capacity. On the other hand, Mawson is small compared with major data center operators, cloud providers, and large Bitcoin miners. It faces intense competition for customers, power contracts, and equipment. The company’s limited financial scale means it has less room to outspend rivals or weather prolonged downturns in crypto or energy markets.

Innovation and R&D

Innovation and R&D Mawson’s story is heavily about innovation and repositioning itself. The company is moving beyond pure Bitcoin self-mining into AI and high-performance computing hosting, leveraging its power infrastructure and modular data center know-how. Its proprietary modular data centers, focus on carbon-free energy, and participation in energy demand-response programs are notable differentiators. Recent steps such as GPU-based pilot programs on AI networks and agreements to host NVIDIA-powered infrastructure show an intent to ride the AI wave. However, given the company’s size and financial resources, the key question is not just the ideas themselves, but whether Mawson can execute and scale these initiatives before larger incumbents crowd out the niche.

Summary

Mawson Infrastructure Group is in the middle of a strategic shift: from a small, loss-making Bitcoin-centric business to a broader digital infrastructure provider with a focus on AI, high-performance computing, and energy management. Financially, the company remains loss-making with a thin balance sheet and only modest cash flow support, which increases business risk and leaves little margin for error. At the same time, Mawson has carved out an interesting position in carbon-free, modular, and energy-savvy infrastructure, and is attempting to capture upside from the growing demand for AI-related computing. The investment case around Mawson hinges less on its current financial strength and more on whether it can successfully scale and monetize its newer AI/HPC and energy management initiatives in a crowded and capital-intensive industry, without overstretching its limited financial base.

NEWS

November 25, 2025 · 6:00 AM UTC

Mawson Infrastructure Group Inc. Announces Monthly Financial Update for October 2025

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November 19, 2025 · 8:40 AM UTC

Mawson Infrastructure Group Inc. Announces 1-for-20 Reverse Stock Split

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November 7, 2025 · 3:05 PM UTC

Mawson Infrastructure Group Inc. Announces Lease Extension For Its Bellefonte, PA Facility

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November 4, 2025 · 4:39 PM UTC

Mawson Infrastructure Group Inc. Announces Written Court Order of Dismissal of Involuntary Chapter 11 Petition

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November 3, 2025 · 6:00 AM UTC

Mawson Infrastructure Group Inc. Announces Extension of Nasdaq Listing Compliance Deadline

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