Mawson Infrastructure Group, Inc.(MIGI)Earnings, Financials & Key Ratios
MIGI•NASDAQ•Banking & Credit
$4.72
$4M mkt cap·Price updated May 6, 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-1.6%
- Total Revenue$59M+36.0%
- Net Income-$46M+21.2%
- Return on Equity-339.88%-209.3%
- Net Interest Margin-5.04%-40.2%
- Efficiency Ratio86.78%-49.8%
- ROA-63.11%-17.5%
- Equity / Assets-5.27%-114.7%
- Book Value per Share-3.63-109.4%
- Tangible BV/Share-3.63-109.4%
MIGI Key Insights
Mawson Infrastructure Group, Inc. (MIGI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Diversified revenue: 100.0% from non-interest income
✗Weaknesses
- ✗Weak NIM of -5.0%
- ✗High cost structure: 86.8% efficiency ratio
- ✗Thin capital base
- ✗Shares diluted 13.9% 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.
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 Years-
3 Years10.55%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM77.03%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM79.67%
Return on Capital
10 Years-409.83%
5 Years-108.19%
3 Years-111.4%
Last Year-201.34%
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 | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 | |
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 IREN | 20.26B | 60.98 | 156.36 | 167.65% | -0.64% | 0.53 | ||
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 | ||
 WULF | 11.31B | 25.74 | -122.57 | 102.3% | -228.04% | 2.01 |
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
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -16K | -47K | 2.09M | 1.21M | -6K | -1.64M | -6.06M | -3.05M | -3.1M | -3.29M |
| NII Growth % | 81.4% | -193.75% | 4553.19% | -42.09% | -100.5% | -27295.4% | -268.91% | 49.72% | -1.61% | -6.76% |
| Net Interest Margin % | -23.19% | -7.9% | 61.5% | 103.06% | -0.06% | -1.13% | -4.55% | -3.6% | -5.04% | -6.32% |
| Interest Income | 0 | 0 | 2.15M | 1.26M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 16K | 47K | 56K | 45K | 6K | 1.64M | 6.06M | 3.05M | 3.1M | 3.29M |
| Loan Loss Provision | 327K | 253K | 462K | 425K | 3.15M | 8.26M | 41.65M | 25.51M | 35.89M | 26.57M |
| Non-Interest Income | 0 | 0 | -2.15M | -1.26M | 4.45M | 43.86M | 84.39M | 43.57M | 59.27M | 51.59M |
| Non-Interest Income % | - | - | - | - | 100% | 100% | 100% | 100% | 100% | 100% |
| Total Revenue | 0▲ 0% | 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% | 51.59M▲ 0% |
| Revenue Growth % | - | - | - | - | - | 885.93% | 92.39% | -48.37% | 36.02% | -39.24% |
| Non-Interest Expense | 691K | 1.18M | 3.11M | 2.7M | 7.1M | 76.63M | 80.76M | 75.33M | 51.43M | 30.26M |
| Efficiency Ratio | - | - | - | - | 159.68% | 174.7% | 95.71% | 172.9% | 86.78% | 58.65% |
| Operating Income | -1.03M▲ 0% | -1.48M▼ 43.2% | -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% | -8.53M▲ 0% |
| Operating Margin % | - | - | - | - | -130.61% | -97.28% | -52.25% | -138.44% | -52.56% | -16.53% |
| Operating Income Growth % | 25.34% | -43.23% | -145.1% | 12.67% | -83.31% | -634.33% | -3.33% | -36.8% | 48.36% | - |
| Pretax Income | -1.14M▲ 0% | -2.97M▼ 160.4% | -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% | -12.41M▲ 0% |
| Pretax Margin % | - | - | - | - | -110.87% | -103.01% | -64.03% | -120.71% | -76.54% | -24.05% |
| Income Tax | 0 | 0 | 0 | 0 | 128.66K | 277.72K | 0 | 5.95M | 976.57K | 118.08K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | -2.61% | -0.61% | 0% | -11.31% | -2.15% | -0.95% |
| Net Income | -1.14M▲ 0% | -2.97M▼ 160.4% | -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% | -12.53M▲ 0% |
| Net Margin % | - | - | - | - | -113.16% | -102.51% | -62.53% | -134.36% | -77.84% | -24.28% |
| Net Income Growth % | 22.88% | -160.4% | -10.55% | -5.21% | -45.92% | -793.16% | -17.34% | -10.96% | 21.2% | 77.03% |
| Net Income (Continuing) | -1.14M | -2.97M | -3.28M | -3.45M | -5.06M | -45.46M | -54.04M | -58.55M | -46.34M | -12.53M |
| EPS (Diluted) | -363.60▲ 0% | -1035.00▼ 184.7% | -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% | -10.61▲ 0% |
| EPS Growth % | 91.08% | -184.65% | 32.7% | 42.78% | 78.63% | -12.44% | 13.15% | 7.21% | 32.9% | 79.67% |
| EPS (Basic) | -363.60 | -1035.00 | -696.60 | -398.60 | -85.20 | -95.80 | -83.20 | -77.20 | -51.80 | - |
| Diluted Shares Outstanding | 2.52K | 2.87K | 4.71K | 8.77K | 59.15K | 469.2K | 634.8K | 782.95K | 891.45K | 1.18M |
MIGI Balance Sheet
Mawson Infrastructure Group, Inc. (MIGI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 28K | 538K | 3.21M | 728K | 1.11M | 5.47M | 946.26K | 4.48M | 6.09M | 17.08M |
| Cash & Due from Banks | 28K | 215K | 3.18M | 718K | 1.11M | 5.47M | 946.26K | 4.48M | 6.09M | 2.28M |
| Short Term Investments | 0 | 323K | 32K | 10K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 323K | 32K | 10K | 16.69K | 326.8K | 5.33M | 106.81K | 2.88M | 0 |
| Investments Growth % | -100% | - | -90.09% | -68.75% | 66.9% | 1858.06% | 1530.76% | -98% | 2601.12% | 9199.18% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 16.69K | 326.8K | 5.33M | 106.81K | 2.88M | 14.64M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 55.67K | 977.5K | 10.41M | 12.1M | 15.17M | 13.76M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 15.81K | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 15.81K | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 2K | 5K | 8K | 29K | 7.06M | 80.91M | 93.84M | 60.05M | 32.05M | 26.79M |
| Other Assets | 0 | 0 | 0 | 0 | 969.42K | 52.62M | 13.82M | 4.47M | 494.4K | 4.07M |
| Total Current Assets | 67K | 590K | 3.4M | 1.15M | 1.75M | 11.45M | 20.34M | 20.14M | 26.01M | 21.15M |
| Total Non-Current Assets | 2K | 5K | 8K | 29K | 8.06M | 133.85M | 112.99M | 64.63M | 35.43M | 30.87M |
| Total Assets | 69K▲ 0% | 595K▲ 762.3% | 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% | 52.02M▲ 0% |
| Asset Growth % | -90.14% | 762.32% | 471.93% | -65.44% | 734.48% | 1380.57% | -8.24% | -36.42% | -27.52% | -76.09% |
| Return on Assets (ROA) | -296.23% | -893.37% | -164.03% | -150.69% | -91.62% | -57.98% | -37.87% | -53.69% | -63.11% | -24.08% |
| Accounts Payable | 13K | 43K | 34K | 4K | 1.29M | 4.78M | 2.82M | 17.04M | 20.65M | 0 |
| Total Debt | 406K | 3.2M | 2.63M | 22K | 349.62K | 22.97M | 31.26M | 21.87M | 25.28M | 27.28M |
| Net Debt | 378K | 2.99M | -548K | -696K | -763.2K | 17.5M | 30.32M | 17.39M | 19.19M | 25M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 14K | 7.64M | 4.51M | 0 | 0 | 1.52M |
| Short-Term Debt | 406K | 3.2M | 2.63M | 0 | 311.48K | 12.33M | 23.61M | 19.35M | 20.92M | 25.75M |
| Other Liabilities | 83K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 817K | 3.69M | 3.19M | 641K | 2.19M | 20.07M | 35.51M | 53.32M | 61.95M | 59.9M |
| Total Non-Current Liabilities | 83K | 0 | 0 | 0 | 38.14K | 10.64M | 21.65M | 1.07M | 2.73M | 1.52M |
| Total Liabilities | 900K | 3.69M | 3.19M | 641K | 2.23M | 30.71M | 57.16M | 54.38M | 64.68M | 61.42M |
| Total Equity | -831K▲ 0% | -3.1M▼ 272.8% | 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% | -9.4M▲ 0% |
| Equity Growth % | 74.67% | -272.8% | 106.84% | 152.36% | 1317.12% | 1411.3% | -33.53% | -60.11% | -110.66% | -1015.33% |
| Equity / Assets (Capital Ratio) | -1204.35% | -520.67% | 6.23% | 45.49% | 77.26% | 78.86% | 57.13% | 35.85% | -5.27% | -18.08% |
| Return on Equity (ROE) | - | - | -1546.7% | -923.69% | -124.05% | -73.61% | -55.32% | -109.89% | -339.88% | 223.41% |
| Book Value per Share | -329.89 | -1080.95 | 45.03 | 61.03 | 128.18 | 244.20 | 119.98 | 38.81 | -3.63 | -7.97 |
| Tangible BV per Share | -329.89 | -1080.95 | 45.03 | 61.03 | 127.91 | 244.20 | 119.98 | 38.81 | -3.63 | -7.97 |
| Common Stock | 3K | 4K | 9K | 16K | 33K | 0 | 13.63K | 16.64K | 18.79K | 20.92K |
| Additional Paid-in Capital | 23.39M | 23.4M | 30.27M | 34.49M | 35.11M | 186.39M | 194.29M | 211.28M | 225.34M | 0 |
| Retained Earnings | -23.48M | -26.45M | -30M | -33.9M | -26.16M | -71.12M | -122.26M | -182.67M | -228.8M | -236.8M |
| Accumulated OCI | 5K | -47K | -73K | -73K | -1.34M | -521.09K | 5.02M | 608.69K | 198.63K | 359.99K |
| Treasury Stock | -747K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MIGI Cash Flow Statement
Mawson Infrastructure Group, Inc. (MIGI) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -874K | -1.36M | -2.21M | -2.06M | -185.1K | 22.95M | 14.26M | -2.55M | 3.56M | 3.56M |
| Operating CF Growth % | -2748.48% | -55.26% | -62.71% | 6.52% | 91.03% | 12500.95% | -37.89% | -117.86% | 239.95% | -359.54% |
| Net Income | -1.14M | -2.97M | -3.28M | -3.45M | -5.06M | -45.46M | -54.04M | -60.42M | -46.34M | -12.53M |
| Depreciation & Amortization | 1K | 1K | 2K | 1K | 4.62M | 14.11M | 64.82M | 39.52M | 18.84M | 5.76M |
| Deferred Taxes | 0 | 314K | 1.74M | 1.5M | 0 | 25.15M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 100K | 1.17M | -2.09M | -1.21M | -797.63K | 6.64M | -15.43M | 135.14K | 15.92M | -2.05M |
| Working Capital Changes | 99K | 103K | 131K | 275K | 1.05M | 25.23K | 15.89M | 7.39M | 1.08M | 1.37M |
| Cash from Investing | -1K | -4K | 253K | 81K | -5.54M | -128.25M | -32.54M | 10.74M | -1.12M | -91.19K |
| Purchase of Investments | 0 | 298K | 0 | 81K | 0 | -767.85K | 0 | 0 | 0 | 0 |
| Sale/Maturity of Investments | 0 | 0 | 258K | 0 | 824K | -694.18K | 165.32K | 1000K | 0 | 0 |
| Net Investment Activity | 0 | 298K | 258K | 81K | 824K | -1.46M | 165.32K | 1000K | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | -17.85K | 694.18K | 0 | 0 | 0 | 0 |
| Other Investing | 0 | -298K | 0 | 11.69M | -835.19K | 694.18K | 49.33M | 9.17M | 838.86K | 1.91K |
| Cash from Financing | 473K | 1.54M | 4.91M | -360K | 6.23M | 109.85M | 13.99M | -4.65M | -830.07K | -413.18K |
| Dividends Paid | 0 | 0 | -292K | -104K | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 966K | 3.92M | 550K | 6.24M | 85.1M | 6.7M | 6.19M | 0 | 0 |
| Net Stock Activity | 0 | 966K | 3.92M | 550K | 6.24M | 85.1M | 6.7M | 6.19M | 0 | 0 |
| Debt Issuance (Net) | 625K | 707K | 0 | -760K | 14.85K | 1000K | 1000K | -1000K | -830.07K | -309.88K |
| Other Financing | -152K | -135K | 1.29M | -46K | -124.96K | -6.12M | -793.17K | -380.95K | 0 | -103.29K |
| Net Change in Cash | -395K▲ 0% | 187K▲ 147.3% | 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% | -3.48M▲ 0% |
| Exchange Rate Effect | 7K | 10K | 1K | -81K | 25.57K | -206.04K | -223.38K | -18.6K | 0 | 0 |
| Cash at Beginning | 423K | 28K | 227K | 3.18M | 579.29K | 1.11M | 5.47M | 946.26K | 4.48M | 3.24M |
| Cash at End | 28K | 215K | 3.18M | 759K | 1.11M | 5.47M | 946.26K | 4.48M | 6.09M | 2.28M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 5.88M | 0 | 18.53K | -5.79K |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 896.25K | 118.75K |
| Free Cash Flow | -875K▲ 0% | -1.36M▼ 55.5% | -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% | -3.07M▲ 0% |
| FCF Growth % | -3016.67% | -55.54% | -62.6% | -521.52% | 58.53% | -1744.65% | 35.59% | 88.35% | 120.32% | -191.74% |
MIGI Banking Ratios
Mawson Infrastructure Group, Inc. (MIGI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -1546.7% | -923.69% | -124.05% | -73.61% | -55.32% | -109.89% | -339.88% | 223.41% |
| Return on Assets (ROA) | -296.23% | -893.37% | -164.03% | -150.69% | -91.62% | -57.98% | -37.87% | -53.69% | -63.11% | -24.08% |
| Net Interest Margin | -23.19% | -7.9% | 61.5% | 103.06% | -0.06% | -1.13% | -4.55% | -3.6% | -5.04% | -6.32% |
| Efficiency Ratio | - | - | - | - | 159.68% | 174.7% | 95.71% | 172.9% | 86.78% | 58.65% |
| Equity / Assets | -1204.35% | -520.67% | 6.23% | 45.49% | 77.26% | 78.86% | 57.13% | 35.85% | -5.27% | -18.08% |
| Book Value / Share | -329.89 | -1.08K | 45.03 | 61.03 | 128.18 | 244.2 | 119.98 | 38.81 | -3.63 | -7.97 |
| NII Growth | 81.4% | -193.75% | 4553.19% | -42.09% | -100.5% | -27295.4% | -268.91% | 49.72% | -1.61% | -0.34% |
| Dividend Payout | - | - | - | - | - | - | - | - | - | 0% |
MIGI Frequently Asked Questions
Mawson Infrastructure Group, Inc. (MIGI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Mawson Infrastructure Group, Inc. (MIGI) grew revenue by 36.0% over the past year. This is strong growth.
Mawson Infrastructure Group, Inc. (MIGI) reported a net loss of $12.5M for fiscal year 2024.
Dividend & Returns
Mawson Infrastructure Group, Inc. (MIGI) has a return on equity (ROE) of -339.9%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Mawson Infrastructure Group, Inc. (MIGI) has a net interest margin (NIM) of -5.0%. NIM has been under pressure due to interest rate environment.
Mawson Infrastructure Group, Inc. (MIGI) has an efficiency ratio of 86.8%. This is higher than peers, suggesting room for cost optimization.
Explore More MIGI
Mawson Infrastructure Group, Inc. (MIGI) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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Earnings History
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Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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