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Mawson Infrastructure Group, Inc.(MIGI)Earnings, Financials & Key Ratios
MIGI•NASDAQ•Banking & Credit
Price updated Jun 8, 2026
AboutMawson 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.Show more
- Net Interest Income-$3M-8.7%
- Total Revenue$40M-32.9%
- Net Income-$24M+48.7%
- Net Interest Margin-5.86%-16.2%
- Efficiency Ratio93.64%+7.9%
- ROA-39.8%+36.9%
- Equity / Assets-5.43%-3.0%
- Book Value per Share-2.65+27.1%
MIGI Key Insights
Mawson Infrastructure Group, Inc. (MIGI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 92 (top 8%)
- ✓Diversified revenue: 100.0% from non-interest income
✗Weaknesses
- ✗Profits declining 36.3% over 5 years
- ✗Weak NIM of -5.9%
- ✗High cost structure: 93.6% efficiency ratio
- ✗Thin capital base
- ✗Shares diluted 32.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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MIGI Price & Volume
Mawson Infrastructure Group, Inc. (MIGI) stock price & volume — 10-year historical chart
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MIGI Growth Metrics
Mawson Infrastructure Group, Inc. (MIGI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years54.96%
3 Years-22.19%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM15.77%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM32.97%
Return on Capital
10 Years-395.61%
5 Years-92.27%
3 Years-119.19%
Last Year-62.91%
MIGI Recent Earnings
Mawson Infrastructure Group, Inc. (MIGI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 18, 2026Metric
Actual
Est
EPS
$0.13+101.3%
$10.40
Rev
$5M+0.0%
$5M
Q2 2026
Mar 31, 2026Metric
Actual
Est
EPS
$4.40+57.7%
$10.40
Rev
$3M-39.0%
$5M
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.20+101.9%
$10.60
Rev
$13M+148.6%
$5M
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$8.00-233.3%
$2.40
Rev
$10M+79.9%
$5M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 18, 2026 | $0.13vs $10.40+101.3% | $5Mvs $5M+0.0% |
| Q2 2026 | Mar 31, 2026 | $4.40vs $10.40+57.7% | $3Mvs $5M-39.0% |
| Q4 2025 | Nov 14, 2025 | $0.20vs $10.60+101.9% | $13Mvs $5M+148.6% |
| Q3 2025 | Aug 14, 2025 | $8.00vs $2.40-233.3% | $10Mvs $5M+79.9% |
Based on last 12 quarters of dataView full earnings history →
MIGI Peer Comparison
Mawson Infrastructure Group, Inc. (MIGI) competitors in Bitcoin Mining and Data Centers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RIOT | 10.65B | 28.10 | -14.41 | 71.89% | -132.76% | -28.78% | 0.10 | |
 MARA | 5.42B | 14.22 | -3.85 | 38.2% | -234.83% | -51.65% | 1.05 | |
 CLSK | 4.42B | 17.24 | 15.39 | 102.21% | -67.66% | -29.93% | 0.38 | |
 CIFR | 11.84B | 29.18 | -13.57 | 48.04% | -5.13% | -115.53% | 3.31 | |
 IREN | 21.4B | 59.96 | 153.74 | 167.65% | 31.71% | 9.12% | 0.53 | |
 HUT | 14.01B | 124.44 | -58.15 | -90.71% | -17.66% | 0.25 | ||
 BTBT | 706.64M | 2.17 | -7 | -30.65% | -146.01% | -0.11% | 0.16 | |
 WULF | 11.82B | 28.98 | -17.46 | 20.28% | -6.11% | -8.48% | 36.99 |
Compare MIGI vs Peers
Mawson Infrastructure Group, Inc. (MIGI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MIGI Income Statement
Mawson Infrastructure Group, Inc. (MIGI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | -47K | 2.09M | 1.21M | -6K | -1.64M | -6.06M | -3.05M | -3.1M | -3.37M | -1.64M |
NII Growth % | -193.75% | 4553.19% | -42.09% | -100.5% | -27295.4% | -268.91% | 49.72% | -1.61% | -8.67% | 192.69% |
Net Interest Margin % | -7.9% | 61.5% | 103.06% | -0.06% | -1.13% | -4.55% | -3.6% | -5.04% | -5.86% | -3.38% |
Interest Income | 0 | 2.15M | 1.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 47K | 56K | 45K | 6K | 1.64M | 6.06M | 3.05M | 3.1M | 3.37M | 1.64M |
Loan Loss Provision | 253K | 462K | 425K | 3.15M | 8.26M | 41.65M | 25.51M | 35.89M | 19.04M | 16.7M |
Non-Interest Income | 0 | -2.15M | -1.26M | 4.45M | 43.86M | 84.39M | 43.57M | 59.27M | 39.75M | 30.76M |
Non-Interest Income % | - | - | - | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Total Revenue | 0▲ 0% | 0▲ 0% | 0▲ 0% | 4.45M▲ 0% | 43.86M▲ 885.9% | 84.39M▲ 92.4% | 43.57M▼ 48.4% | 59.27M▲ 36.0% | 39.75M▼ 32.9% | 30.76M▲ 0% |
Revenue Growth % | - | - | - | - | 885.93% | 92.39% | -48.37% | 36.02% | -32.92% | -163.98% |
Non-Interest Expense | 1.18M | 3.11M | 2.7M | 7.1M | 76.63M | 80.76M | 75.33M | 51.43M | 37.23M | 38.77M |
Efficiency Ratio | - | - | - | 159.68% | 174.7% | 95.71% | 172.9% | 86.78% | 93.64% | 126.04% |
Operating Income | -1.48M▲ 0% | -3.63M▼ 145.1% | -3.17M▲ 12.7% | -5.81M▼ 83.3% | -42.67M▼ 634.3% | -44.09M▼ 3.3% | -60.32M▼ 36.8% | -31.15M▲ 48.4% | -19.88M▲ 36.2% | -26.34M▲ 0% |
Operating Margin % | - | - | - | -130.61% | -97.28% | -52.25% | -138.44% | -52.56% | -50.02% | -85.64% |
Operating Income Growth % | -43.23% | -145.1% | 12.67% | -83.31% | -634.33% | -3.33% | -36.8% | 48.36% | 36.17% | - |
Pretax Income | -2.97M▲ 0% | -3.28M▼ 10.6% | -3.45M▼ 5.2% | -4.93M▼ 43.0% | -45.18M▼ 816.0% | -54.04M▼ 19.6% | -52.6M▲ 2.7% | -45.36M▲ 13.8% | -23.64M▲ 47.9% | -22.7M▲ 0% |
Pretax Margin % | - | - | - | -110.87% | -103.01% | -64.03% | -120.71% | -76.54% | -59.48% | -73.8% |
Income Tax | 0 | 0 | 0 | 128.66K | 277.72K | 0 | 5.95M | 976.57K | 12.53K | -230.05K |
Effective Tax Rate % | 0% | 0% | 0% | -2.61% | -0.61% | 0% | -11.31% | -2.15% | -0.05% | 1.01% |
Net Income | -2.97M▲ 0% | -3.28M▼ 10.6% | -3.45M▼ 5.2% | -5.03M▼ 45.9% | -44.96M▼ 793.2% | -52.76M▼ 17.3% | -58.55M▼ 11.0% | -46.13M▲ 21.2% | -23.66M▲ 48.7% | -22.47M▲ 0% |
Net Margin % | - | - | - | -113.16% | -102.51% | -62.53% | -134.36% | -77.84% | -59.51% | -73.05% |
Net Income Growth % | -160.4% | -10.55% | -5.21% | -45.92% | -793.16% | -17.34% | -10.96% | 21.2% | 48.72% | 15.77% |
Net Income (Continuing) | -2.97M | -3.28M | -3.45M | -5.06M | -45.46M | -54.04M | -58.55M | -46.34M | -23.66M | -22.47M |
EPS (Diluted) | -1035.00▲ 0% | -696.60▲ 32.7% | -398.60▲ 42.8% | -85.20▲ 78.6% | -95.80▼ 12.4% | -83.20▲ 13.2% | -77.20▲ 7.2% | -51.80▲ 32.9% | -20.11▲ 61.2% | -4.24▲ 0% |
EPS Growth % | -184.65% | 32.7% | 42.78% | 78.63% | -12.44% | 13.15% | 7.21% | 32.9% | 61.18% | 32.97% |
EPS (Basic) | -1035.00 | -696.60 | -398.60 | -85.20 | -95.80 | -83.20 | -77.20 | -51.80 | -20.11 | - |
Diluted Shares Outstanding | 2.87K | 4.71K | 8.77K | 59.15K | 469.2K | 634.8K | 782.95K | 891.45K | 1.18M | 5.3M |
MIGI Balance Sheet
Mawson Infrastructure Group, Inc. (MIGI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 538K | 3.21M | 728K | 1.11M | 5.47M | 946.26K | 4.48M | 6.09M | 13.27M | 21.23M |
Cash & Due from Banks | 215K | 3.18M | 718K | 1.11M | 5.47M | 946.26K | 4.48M | 6.09M | 13.27M | 2.44M |
Short Term Investments | 323K | 32K | 10K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Investments | 323K | 32K | 10K | 16.69K | 326.8K | 5.33M | 106.81K | 2.88M | 0 | 0 |
Investments Growth % | - | -90.09% | -68.75% | 66.9% | 1858.06% | 1530.76% | -98% | 2601.12% | -100% | -300% |
Long-Term Investments | 0 | 0 | 0 | 16.69K | 326.8K | 5.33M | 106.81K | 2.88M | 0 | 4.81M |
Accounts Receivables | 0 | 0 | 0 | 55.67K | 977.5K | 10.41M | 12.1M | 15.17M | 9.64M | 10.47M |
Goodwill & Intangibles | 0 | 0 | 0 | 15.81K | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 15.81K | 0 | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 5K | 8K | 29K | 7.06M | 80.91M | 93.84M | 60.05M | 32.05M | 25.82M | 21.43M |
Other Assets | 0 | 0 | 0 | 969.42K | 52.62M | 13.82M | 4.47M | 494.4K | 4.13M | 3.56M |
Total Current Assets | 590K | 3.4M | 1.15M | 1.75M | 11.45M | 20.34M | 20.14M | 26.01M | 27.49M | 19.86M |
Total Non-Current Assets | 5K | 8K | 29K | 8.06M | 133.85M | 112.99M | 64.63M | 35.43M | 29.95M | 24.99M |
Total Assets | 595K▲ 0% | 3.4M▲ 471.9% | 1.18M▼ 65.4% | 9.81M▲ 734.5% | 145.29M▲ 1380.6% | 133.33M▼ 8.2% | 84.77M▼ 36.4% | 61.44M▼ 27.5% | 57.44M▼ 6.5% | 48.39M▲ 0% |
Asset Growth % | 762.32% | 471.93% | -65.44% | 734.48% | 1380.57% | -8.24% | -36.42% | -27.52% | -6.51% | -56.91% |
Return on Assets (ROA) | -893.37% | -164.03% | -150.69% | -91.62% | -57.98% | -37.87% | -53.69% | -63.11% | -39.8% | -42.68% |
Accounts Payable | 43K | 34K | 4K | 1.29M | 4.78M | 2.82M | 17.04M | 20.65M | 21.8M | 14.6M |
Total Debt | 3.2M | 2.63M | 22K | 349.62K | 22.97M | 31.26M | 21.87M | 25.28M | 28.48M | 26.61M |
Net Debt | 2.99M | -548K | -696K | -763.2K | 17.5M | 30.32M | 17.39M | 19.19M | 15.21M | 24.17M |
Long-Term Debt | 0 | 0 | 0 | 14K | 7.64M | 4.51M | 0 | 0 | 0 | 0 |
Short-Term Debt | 3.2M | 2.63M | 0 | 311.48K | 12.33M | 23.61M | 19.35M | 20.92M | 26.76M | 26.5M |
Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.37M |
Total Current Liabilities | 3.69M | 3.19M | 641K | 2.19M | 20.07M | 35.51M | 53.32M | 61.95M | 58.84M | 42.68M |
Total Non-Current Liabilities | 0 | 0 | 0 | 38.14K | 10.64M | 21.65M | 1.07M | 2.73M | 1.72M | 1.37M |
Total Liabilities | 3.69M | 3.19M | 641K | 2.23M | 30.71M | 57.16M | 54.38M | 64.68M | 60.56M | 44.05M |
Total Equity | -3.1M▲ 0% | 212K▲ 106.8% | 535K▲ 152.4% | 7.58M▲ 1317.1% | 114.58M▲ 1411.3% | 76.17M▼ 33.5% | 30.38M▼ 60.1% | -3.24M▼ 110.7% | -3.12M▲ 3.7% | 4.34M▲ 0% |
Equity Growth % | -272.8% | 106.84% | 152.36% | 1317.12% | 1411.3% | -33.53% | -60.11% | -110.66% | 3.74% | -389.01% |
Equity / Assets (Capital Ratio) | -520.67% | 6.23% | 45.49% | 77.26% | 78.86% | 57.13% | 35.85% | -5.27% | -5.43% | 8.98% |
Return on Equity (ROE) | - | -1546.7% | -923.69% | -124.05% | -73.61% | -55.32% | -109.89% | -339.88% | - | 544.18% |
Book Value per Share | -1080.95 | 45.03 | 61.03 | 128.18 | 244.20 | 119.98 | 38.81 | -3.63 | -2.65 | 0.82 |
Tangible BV per Share | -1080.95 | 45.03 | 61.03 | 127.91 | 244.20 | 119.98 | 38.81 | -3.63 | -2.65 | 0.82 |
Common Stock | 4K | 9K | 16K | 33K | 0 | 13.63K | 16.64K | 18.79K | 3.62K | 5.49K |
Additional Paid-in Capital | 23.4M | 30.27M | 34.49M | 35.11M | 186.39M | 194.29M | 211.28M | 225.34M | 248.97M | 255.8M |
Retained Earnings | -26.45M | -30M | -33.9M | -26.16M | -71.12M | -122.26M | -182.67M | -228.8M | -252.45M | -251.84M |
Accumulated OCI | -47K | -73K | -73K | -1.34M | -521.09K | 5.02M | 608.69K | 198.63K | 365.45K | 379.8K |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MIGI Cash Flow Statement
Mawson Infrastructure Group, Inc. (MIGI) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -1.36M | -2.21M | -2.06M | -185.1K | 22.95M | 14.26M | -2.55M | 3.56M | -6.9M | -23.52M |
Operating CF Growth % | -55.26% | -62.71% | 6.52% | 91.03% | 12500.95% | -37.89% | -117.86% | 239.95% | -293.67% | -4269% |
Net Income | -2.97M | -3.28M | -3.45M | -5.06M | -45.46M | -54.04M | -60.42M | -46.34M | -23.66M | -22.47M |
Depreciation & Amortization | 1K | 2K | 1K | 4.62M | 14.11M | 64.82M | 39.52M | 18.84M | 6.92M | 6.61M |
Deferred Taxes | 314K | 1.74M | 1.5M | 0 | 25.15M | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 1.17M | -2.09M | -1.21M | -797.63K | 6.64M | -15.43M | 135.14K | 15.92M | 4.91M | -3.44M |
Working Capital Changes | 103K | 131K | 275K | 1.05M | 25.23K | 15.89M | 7.39M | 1.08M | -4.05M | -11.26M |
Cash from Investing | -4K | 253K | 81K | -5.54M | -128.25M | -32.54M | 10.74M | -1.12M | -109.69K | -144.72K |
Purchase of Investments | 298K | 0 | 81K | 0 | -767.85K | 0 | 0 | 0 | 0 | 0 |
Sale/Maturity of Investments | 0 | 258K | 0 | 824K | -694.18K | 165.32K | 6.93M | 0 | 0 | 0 |
Net Investment Activity | 298K | 258K | 81K | 824K | -1.46M | 165.32K | 6.93M | 0 | 0 | 0 |
Acquisitions | 0 | 0 | 0 | -17.85K | 694.18K | 0 | 0 | 0 | 0 | 0 |
Other Investing | -298K | 0 | 11.69M | -835.19K | 694.18K | 49.33M | 9.17M | 838.86K | 39.26K | 7.61K |
Cash from Financing | 1.54M | 4.91M | -360K | 6.23M | 109.85M | 13.99M | -4.65M | -830.07K | 14.19M | 20.64M |
Dividends Paid | 0 | -292K | -104K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Stock Issued | 966K | 3.92M | 550K | 6.24M | 85.1M | 6.7M | 6.19M | 0 | 14.64M | 6.41M |
Net Stock Activity | 966K | 3.92M | 550K | 6.24M | 85.1M | 6.7M | 6.19M | 0 | 14.64M | 6.41M |
Debt Issuance (Net) | 707K | 0 | -760K | 14.85K | 1000K | 1000K | -1000K | -830.07K | -444.43K | -172.16K |
Other Financing | -135K | 1.29M | -46K | -124.96K | -6.12M | -793.17K | -380.95K | 0 | 0 | 14.4M |
Net Change in Cash | 187K▲ 0% | 2.96M▲ 1480.7% | -2.42M▼ 182.0% | 533.52K▲ 122.0% | 4.35M▲ 716.2% | -4.52M▼ 203.8% | 3.53M▲ 178.1% | 1.61M▼ 54.3% | 7.18M▲ 345.1% | -3.03M▲ 0% |
Exchange Rate Effect | 10K | 1K | -81K | 25.57K | -206.04K | -223.38K | -18.6K | 0 | 0 | 0 |
Cash at Beginning | 28K | 227K | 3.18M | 579.29K | 1.11M | 5.47M | 946.26K | 4.48M | 6.09M | 13.27M |
Cash at End | 215K | 3.18M | 759K | 1.11M | 5.47M | 946.26K | 4.48M | 6.09M | 13.27M | 2.44M |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 5.88M | 0 | 18.53K | 16.02K | 11.59K |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 896.25K | 25.91K | 270.19K |
Free Cash Flow | -1.36M▲ 0% | -2.21M▼ 62.6% | -13.75M▼ 521.5% | -5.7M▲ 58.5% | -105.22M▼ 1744.6% | -67.78M▲ 35.6% | -7.9M▲ 88.3% | 1.6M▲ 120.3% | -7.05M▼ 539.2% | -23.67M▲ 0% |
FCF Growth % | -55.54% | -62.6% | -521.52% | 58.53% | -1744.65% | 35.59% | 88.35% | 120.32% | -539.25% | -2980.68% |
MIGI Banking Ratios
Mawson Infrastructure Group, Inc. (MIGI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | -1546.7% | -923.69% | -124.05% | -73.61% | -55.32% | -109.89% | -339.88% | - | 544.18% |
Return on Assets (ROA) | -893.37% | -164.03% | -150.69% | -91.62% | -57.98% | -37.87% | -53.69% | -63.11% | -39.8% | -42.68% |
Net Interest Margin | -7.9% | 61.5% | 103.06% | -0.06% | -1.13% | -4.55% | -3.6% | -5.04% | -5.86% | -3.38% |
Efficiency Ratio | - | - | - | 159.68% | 174.7% | 95.71% | 172.9% | 86.78% | 93.64% | 126.04% |
Equity / Assets | -520.67% | 6.23% | 45.49% | 77.26% | 78.86% | 57.13% | 35.85% | -5.27% | -5.43% | 8.98% |
Book Value / Share | -1.08K | 45.03 | 61.03 | 128.18 | 244.2 | 119.98 | 38.81 | -3.63 | -2.65 | 0.82 |
NII Growth | -193.75% | 4553.19% | -42.09% | -100.5% | -27295.4% | -268.91% | 49.72% | -1.61% | -8.67% | 48.03% |
Dividend Payout | - | - | - | - | - | - | - | - | - | 0% |
Related:MIGI Dividend History·MIGI Revenue History·MIGI Price History·MIGI P/E History·MIGI Financial Ratios·MIGI Institutional Holders
MIGI SEC Filings & Documents
Mawson Infrastructure Group, Inc. (MIGI) SEC filings — annual & quarterly reports (10-K, 10-Q)
MIGI Frequently Asked Questions
Mawson Infrastructure Group, Inc. (MIGI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Mawson Infrastructure Group, Inc. (MIGI) saw revenue decline by 32.9% over the past year.
Mawson Infrastructure Group, Inc. (MIGI) reported a net loss of $22.5M for fiscal year 2025.
Industry Metrics
Mawson Infrastructure Group, Inc. (MIGI) has a net interest margin (NIM) of -5.9%. NIM has been under pressure due to interest rate environment.
Mawson Infrastructure Group, Inc. (MIGI) has an efficiency ratio of 93.6%. This is higher than peers, suggesting room for cost optimization.