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In a challenging week for the markets, Mawson Infrastructure Group Inc. (MIGI) saw its stock price tumble to $0.37, marking a steep 17% decline over the past week. According to InvestingPro data, the company’s current market capitalization stands at just $9 million, with the stock trading significantly below its Fair Value. This significant drop reflects a broader trend of investor caution, as the company grapples with volatile conditions affecting the tech and infrastructure sectors. Despite posting 36% revenue growth and maintaining a solid gross profit margin of 34%, MIGI has experienced a 67% decline over the past year. While the company currently faces profitability challenges, InvestingPro analysts project a return to profitability this year, with an EPS forecast of $0.22. The stock’s current price level underscores the bearish sentiment among investors, as they navigate a landscape rife with economic uncertainty and shifting market dynamics.
In other recent news, Mawson Infrastructure Group Inc. has received two separate non-compliance notices from Nasdaq. The first notice pertains to the company’s failure to meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days, giving Mawson until August 5, 2025, to regain compliance. The second notice involves non-compliance with the Market Value of Listed Securities (MVLS) requirement, which mandates a minimum value of $35.0 million, with a deadline set for July 23, 2025. Failure to address these issues could result in delisting from Nasdaq, although the company retains the right to appeal.
Additionally, Mawson and its subsidiaries are involved in arbitration proceedings with Celsius Network Ltd., with a Partial Final Award issued in favor of Celsius for $8,144,000 against Luna Squares, a Mawson subsidiary. This award does not directly affect Mawson Infrastructure Group Inc., but the company continues to pursue counterclaims. Mawson has communicated its intention to monitor these situations closely and explore options to resolve the deficiencies. These developments are based on recent press releases and SEC filings by the company.
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