Streetbeat News

MIGI

Mawson Infrastructure Group, Inc.

https://www.mawsoninc.com

Industry

Financial - Capital Markets

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.

Open

0.48

Mkt cap

9.8M

Volume

89K

High

0.53

P/E Ratio

-0.17

52-wk high

2.45

Low

0.45

Div yield

N/A

52-wk low

0.44

Software companies' shares are trading higher, potentially due to market strength driven by NVIDIA and UnitedHealth Group.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:28 pm

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a 27% month-on-month revenue growth in August 2024, reaching $4.44 million. The company is expanding into AI and HPC colocation markets, signing a significant 6-year AI customer colocation agreement. Mawson's expansion into Ohio and Pennsylvania enhances its presence in the PJM market, focusing on sustainable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:05 am

Mawson Infrastructure has expanded its lease in Ohio to increase its capacity to 153 megawatts, aiming to boost its AI and HPC growth. The company is also seeking additional collaboration partners in AI and HPC.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:51 pm

HC Wainwright & Co. analyst Kevin Dede has reiterated a Neutral rating on Mawson Infrastructure Group (NASDAQ:MIGI).

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:58 am

Mawson Infrastructure Group (NASDAQ:MIGI) reported a significant improvement in its Q2 financial results, with EPS losses narrowing to $(0.55) from $(1.12) YoY and sales increasing by 24.26% to $13.11 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 9:22 pm

Mawson Infrastructure Group shares are trading higher after the company announced it signed a binding AI/HPC colocation business agreement with BE Global Development.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:51 pm

Mawson Infrastructure Group has signed an AI/HPC colocation agreement with a potential revenue of $285 million over six years. Additionally, the company has signed a Letter of Intent (LOI) to expand its colocation business to 144 MW, positioning itself as a key player in AI and HPC digital infrastructure.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:46 pm

Shares of companies within the broader tech sector are trading lower amid concerns over the US economy.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:34 pm

HC Wainwright & Co. analyst Kevin Dede has downgraded Mawson Infrastructure Group (NASDAQ:MIGI) from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:43 am

Mawson Infrastructure reported a 56% year-over-year increase in June digital colocation monthly business revenue to $2.48 million. Additionally, their energy management monthly business revenue surged 262% year-over-year to $0.74 million.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:55 pm

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