Mawson Infrastructure Group Inc. Receives Notice from Nasdaq Regarding Market Value Compliance

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) recently disclosed in an 8-K filing that it received written notice from The Nasdaq Stock Market LLC regarding its Market Value of Listed Securities (MVLS). The notice, dated January 24, 2025, informed the company that its MVLS fell below the minimum threshold of $35.0 million required for continued listing on The Nasdaq Capital Market.

The Nasdaq staff provided Mawson Infrastructure Group with 180 calendar days, until July 23, 2025, to regain compliance with the MVLS Rule. During this compliance period, the company’s MVLS must meet or exceed $35.0 million for a minimum of ten consecutive business days. Failure to meet this requirement may lead to a delisting notification, after which the company can appeal the decision to a Nasdaq Hearings Panel.

While Mawson Infrastructure Group continues to trade under the symbol “MIGI” on The Nasdaq Capital Market, the company is actively monitoring its MVLS and exploring options to achieve compliance with Nasdaq’s listing requirements. However, there is no guarantee that the company will be able to regain compliance during the set timeline.

In a separate development, the company and its subsidiaries, Luna Squares, LLC and Cosmos Infrastructure LLC, are involved in arbitration proceedings initiated by Celsius Network Ltd., Celsius Mining LLC, and Ionic Digital Mining LLC. The arbitration, filed on July 18, 2024, focuses on claims made by Celsius against the company and Luna Squares. The company has denied Celsius’ claims and filed counterclaims and cross claims, seeking damages totaling $6,957,226.01 and $115,000,000 against Celsius.

On January 23, 2025, an arbitrator issued a Partial Final Award in favor of Celsius, granting monetary damages of $8,144,000 plus interest and attorney fees against Luna Squares. The ruling does not directly affect Mawson Infrastructure Group, and the company’s counterclaims against Celsius are still pending litigation.

The company has acknowledged the cautions related to forward-looking statements, emphasizing the inherent uncertainties and risks involved. Mawson Infrastructure Group advised that actual results could differ from those suggested by forward-looking statements due to various factors, including regulatory changes, market fluctuations, and operational challenges.

Given the ongoing challenges, Mawson Infrastructure Group remains committed to addressing its compliance issues with Nasdaq’s listing standards and handling the arbitration proceedings diligently.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Mawson Infrastructure Group’s 8K filing here.

About Mawson Infrastructure Group

Mawson Infrastructure Group Inc develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities.