MIGI · NASDAQ · Financial - Capital Markets

Mawson Infrastructure Group (MIGI)

Runs compute infrastructure for AI, HPC, colocation, and Bitcoin mining.

$5.50
vs last close+0.19 (+3.58%)
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Mawson Infrastructure Group, Inc.MIGI
Financial sector

Big Digital Energy, formerly Mawson Infrastructure Group, designs and operates U.S. digital infrastructure for AI, high-performance computing, Bitcoin mining, and colocation. Its revenue depends on facility utilization, power access, customer concentration, and volatile digital-asset economics.

Big Digital Energy, Inc., formerly Mawson Infrastructure Group Inc., is a U.S.-based technology company focused on digital infrastructure for intensive computing. The company designs, builds, and operates data-center-style platforms serving AI, high-performance computing, digital assets, Bitcoin mining, and customer colocation. Its operating model combines self-mining, hosting for enterprise customers, energy management programs tied to power-grid conditions, and selective monetization of unused compute capacity.

The company has concentrated its sites in the United States, with operations in Pennsylvania's PJM power-market region and a stated preference for carbon-free energy sources, including nuclear power. Recent filings and releases show a strategic shift toward higher-value AI and HPC uses while keeping digital-asset colocation and mining economics material to results.

Company facts

CEOPhillip Stanley
ListedFeb 22, 2012
ExchangeNASDAQ
HeadquartersMidland, Australia
CountryAustralia
Employees33
CIK0001218683
ISINUS57778N4060

Market cap$5.4M
EPS (ttm)−$12.99
P/E (ttm)−0.4234
ROE-2,045.8%
P/B0.4344
P/S0.1975
Dividend yieldDiv yield
Beta4.78vs XLF −0.06

No analyst consensus on record.

EPSReportedEstimate

Aug '24Nov '24Mar '25May '25Aug '25Nov '25Mar '26May '26
Reported−$11.00−$13.20−$4.80−$0.40−$8.00$0.20−$12.09$0.13
Estimate−$13.80−$6.20−$4.40−$0.40−$8.00−$10.60−$10.40−$10.40
Surprise+20.3%−112.9%−9.1%0.0%0.0%+101.9%−16.2%+101.3%

RevenueReportedEstimate

Aug '24Nov '24Mar '25May '25Aug '25Nov '25Mar '26May '26
Reported$13.1M$12.3M$15.1M$13.8M$9.5M$13.2M$3.2M$4.8M
Estimate$13.2M$12.9M$14.4M$13.8M$9.5M$5.3M$5.3M$4.8M
Surprise−0.7%−4.5%+4.9%0.0%+0.3%+149.1%−39.0%0.0%
Estimate−$10.40
Reported$0.13+101.3%
Estimate$4.8M
Reported$4.8M0.0%
View details

Debt to equity260.60%
Current ratio70.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$12.3M$15.1M$13.8M$9.5M$13.2M$3.2M$4.8M$6.2M
Net income−$12.2M−$4.5M−$310.9K−$8.0M$327.7K−$15.7M$874.7K−$7.4M
Net margin0.0%0.0%0.0%0.0%2.5%0.0%18.1%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$11.4M−$5.3M$576.7K−$6.6M$2.8M−$14.7M−$7.8M−$6.3M
YoY growthLoss narrowedLoss narrowedTurned profitLoss narrowedTurned profitLoss widenedTurned lossLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $16.3M · Total debt $32.4M · Total assets $59.7M · Shareholders' equity $12.4M

Revenue
$6.2M
Operating income
−$6.3M
Net income
−$7.4M
View details

No dividends on record.

Institutions≥ 0.97%54.7K shares
11 holders · as of Mar 31, 2026
Insiders4.07%230.6K shares
5 holders · as of Jan 6, 2026
Strategic holders0.08%4.4K shares
1 holder · as of Jan 30, 2026
Other≤ 94.88%5.37M shares
remainder

5.66M company shares as of Sep 22, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (5.66M in the company's Sep 22, 2026 report, 983.0K elsewhere); stakes use the report.

Institutional filings for BGDE (100% of the company) are not on file here, so the institutional figure is a floor.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Rahul MewawallaInsiderdirector, 10 percent owner, officer: Director, CEO, President
2.97%168,153filed May 27, 2025
Kaliste SaloomInsiderofficer: See Remarks
0.53%30,171filed Jan 6, 2026
Geode Capital Management, LLCInstitution
0.48%26,979as of Mar 31, 2026
William C. ReganInsiderofficer: Chief Financial Officer
0.38%21,312filed Jan 6, 2026
Bluefin Capital Management, LLCInstitution
0.27%15,100as of Mar 31, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jan 28, 2026Endeavor Blockchain, LLC10 percent owner+42,100$4.57
Jan 26, 2026Endeavor Blockchain, LLC10 percent owner+60,000$4.84
Dec 2, 2025Endeavor Blockchain, LLC10 percent owner+18,599$4.90
Dec 5, 2025Endeavor Blockchain, LLC10 percent owner+110,191$4.39
Dec 8, 2025Endeavor Blockchain, LLC10 percent owner+50,301$4.37
View details

Not reported.