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

1.89

Mkt cap

36M

Volume

876K

High

1.94

P/E Ratio

-0.45

52-wk high

4.40

Low

1.79

Div yield

N/A

52-wk low

0.46

In Friday's intraday session, several IT stocks experienced significant movements. AppFolio's stock surged 28.3% after their Q4 earnings report. Mawson Infra Gr, Synchronoss Technologies, Cipher Mining, and Cyngn also saw gains. Conversely, Mobilicom, Ostin Technology Group, Dave, GSI Technology, QuickLogic, and Intel reported losses, with Intel's drop following their Q4 earnings release.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 5:31 pm

In Wednesday's pre-market session, several information technology stocks showed significant movement. Greenidge Generation Holdings (GREE), NextNav (NN), Ascent Solar Technologies (ASTI), Mawson Infrastructure Group (MIGI), Movano (MOVE), and ARB IOT Group (ARBB) experienced gains, while Phunware (PHUN), Meta Materials (MMAT), Addvantage Technologies (AEY), Cyngn (CYN), Amtech Systems (ASYS), and Powerbridge Technologies (PBTS) saw their stock prices fall.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 1:05 pm

In Friday's after-market session, several information technology stocks experienced significant movements. FOXO Technologies (FOXO) saw a 28.1% increase, while Baijiayun Group (RTC) faced a 15.3% decline. Other notable gainers included Inuvo (INUV), D-Wave Quantum (QBTS), DatChat (DATS), Sonim Technologies (SONM), and Mawson Infra Gr (MIGI). On the losing side were Nvni Group (NVNI), Castellum (CTM), Smith Micro Software (SMSI), Marin Software (MRIN), and Intrusion (INTZ).

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 9:31 pm

In Friday's intraday session, several IT stocks experienced significant movements. Airspan Networks (MIMO) surged 63.0%, while Super Micro Computer (SMCI) rose 31.28%. Intchains Gr (ICG) increased by 15.53%, Presto Automation (PRST) by 11.66%, EMCORE (EMKR) by 11.53%, and SmartRent (SMRT) by 11.33%. Conversely, SEALSQ (LAES) dropped 20.3%, Remark Hldgs (MARK) by 13.98%, Cambium Networks (CMBM) by 13.79%, Taoping (TAOP) by 12.63%, Stronghold Digital Mining (SDIG) by 11.25%, and Mawson Infra Gr (MIGI) by 11.08%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:31 pm

Mawson has initiated arbitration proceedings against CleanSpark, Inc. (CLSK) claiming at least $2 million related to the sale of its Georgia facility. Additionally, Celsius Mining LLC and related entities filed for Chapter 11 bankruptcy and have an ongoing legal dispute with Mawson, including an $8 million claim against Mawson and a demand for a $15.33 million deposit return. Mawson denies Celsius' claims and is considering counterclaims that could exceed the amounts asserted by Celsius. Mawson contests the bankruptcy court's jurisdiction and filed a motion to compel arbitration on January 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:50 pm

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) reported a significant increase in December 2023 revenues, with co-location business revenue up 34% M/M and self-mining business revenue up 27% M/M, totaling approximately $5.97 million. The company completed a second co-location customer deployment and has a total power capacity of 109 MW for about 35,650 miners. Mawson is also involved in legal proceedings, having filed for arbitration against CleanSpark, Inc. (NASDAQ:CLSK) over a payment dispute and is defending against claims made by bankrupt Celsius Mining LLC in an adversary proceeding.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:48 pm

In Friday's after-market session, several information technology stocks experienced movement. Prairie Operating (PROP) and Presto Automation (PRST) were among the gainers, with increases of 5.3% and 4.69% respectively. Mawson Infra Gr (MIGI), CISO Global (CISO), Rigetti Computing (RGTI), and Minim (MINM) also saw their stocks rise. On the losing side, Cyngn (CYN), Datasea (DTSS), EMCORE (EMKR), Security Matters (SMX), SAI.TECH Global (SAI), and Arqit Quantum (ARQQ) experienced declines, with CYN leading the losses at 6.4%. The movements reflect changes in investor sentiment and market dynamics for these companies.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 9:31 pm

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:26 pm

In Wednesday's after-market session, several information technology stocks experienced movement. Mawson Infra Gr (MIGI), Movella Holdings (MVLA), Oblong (OBLG), BIO-key Intl (BKYI), BIT Mining (BTCM), and CISO Global (CISO) saw gains, while Richardson Electronics (RELL), Nvni Group (NVNI), Intrusion (INTZ), Verb Tech (VERB), BTCS (BTCS), and Powerbridge Technologies (PBTS) experienced declines. Notably, Richardson Electronics' Q2 earnings were released.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 9:30 pm

In Wednesday's pre-market session, several information technology stocks showed significant movement. Nvni Group (NVNI) shares surged 64.1% to $3.17, SMART Global Holdings (SGH) rose 12.56% to $20.79 following Q1 earnings, and E2open Parent Holdings (ETWO) increased by 11.97% to $4.3 post Q3 earnings. Conversely, Aehr Test Systems (AEHR) fell 16.6% to $18.64 after Q2 earnings, and other stocks like Mawson Infrastructure Group (MIGI), Taoping (TAOP), CalAmp (CAMP), ComSovereign Holding (COMS), and Stronghold Digital Mining (SDIG) also experienced declines.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 1:05 pm

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