# EDGAR Filing Document

**Accession Number:** 0001218683
**File Stem:** 0001171843-25-005942
**Filing Date:** 2025-9
**Character Count:** 37224
**Document Hash:** 7e2f96561cd580fe78d9861f53b01360
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171843-25-005942.hdr.sgml**: 20250917

**ACCESSION NUMBER**: 0001171843-25-005942

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 32

**CONFORMED PERIOD OF REPORT**: 20250912

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250917

**DATE AS OF CHANGE**: 20250917

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mawson Infrastructure Group Inc.
- **CENTRAL INDEX KEY:** 0001218683
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 880445167
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40849
- **FILM NUMBER:** 251320732

**BUSINESS ADDRESS:**
- **STREET 1:** 201 CLARK STREET
- **CITY:** SHARON
- **STATE:** PA
- **ZIP:** 16146
- **BUSINESS PHONE:** 61 02 8624 6130

**MAIL ADDRESS:**
- **STREET 1:** 201 CLARK STREET
- **CITY:** SHARON
- **STATE:** PA
- **ZIP:** 16146

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wize Pharma, Inc.
- **DATE OF NAME CHANGE:** 20171120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OphthaliX, Inc.
- **DATE OF NAME CHANGE:** 20120207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DENALI CONCRETE MANAGEMENT INC
- **DATE OF NAME CHANGE:** 20030213

?xml version='1.0' encoding='ASCII'? Form 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

### Washington, D.C. 20549
_________________

### FORM 8-K
_________________

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): September 12, 2025
_______________________________

#### Mawson Infrastructure Group Inc.
(Exact name of registrant as specified in its charter)

_______________________________

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40849** | **88-0445167** |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

#### 950 Railroad Avenue

#### Midland, Pennsylvania 15059
(Address of Principal Executive Offices) (Zip Code)

(412) 515-0896

(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| Title of each class | Name of each exchange on which registered |
| Common Stock, $0.001 par value MIGI | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 7.01. Regulation FD Disclosure.**

On September 17, 2025, Mawson Infrastructure Group Inc. (the "Company") issued a press release providing a corporate update to stockholders and the investment community regarding the Company's current operations. The Company also provided an updated Company Presentation, which it has made available on its website at www.mawsoninc.com.

Copies of the press release and the Company Presentation are furnished as Exhibits 99.1 and 99.2, respectively, hereto and are incorporated herein by reference. By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD. The information presented in Item 7.01 of this Current Report on Form 8-K and Exhibits 99.1 and 99.2 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered "filed" under the Exchange Act or specifically incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.

**Item 8.01. Other Events.**

On September 12, 2025, the Company received written notice (the "Notice") from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that the Nasdaq Hearings Panel (the "Panel"), based on the compliance plan presented by the Company, has determined to grant the Company's request for continued listing on Nasdaq, subject to the Company satisfying certain conditions.

As previously disclosed, on January 24, 2025, the Company received written notice (the "MVLS Notice") from the Staff notifying the Company that for the 33 consecutive business days preceding the date of the MVLS Notice, the Company's Market Value of Listed Securities ("MVLS") was less than the $35.0 million minimum required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the "MVLS Rule"). On February 6, 2025, the Company received written notice (the "Bid Price Notice") from the Staff notifying the Company that for the last 30 consecutive business days prior to the date of the Bid Price Notice, the closing bid price of the Company's common stock was less than the $1.00 per share minimum bid price required for continued listing on The Nasdaq Capital Market, as required by Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule").

The Panel granted the Company's request to extend the period of time in which to demonstrate compliance with (i) the MVLS Rule to October 15, 2025 and (ii) the Bid Price Rule to November 7, 2025 (the "Exception Period"). Pursuant to the Notice, the conditions for the Company's continued listing during the Exception Period include that the Company provide Nasdaq prompt notification of any significant events that occur during this time that may affect the Company's compliance with Nasdaq requirements. The Panel reserves the right to reconsider the terms of the exception based on any event, condition or circumstance that exists or develops that would, in the opinion of the Panel, make continued listing of the Company's securities on Nasdaq inadvisable or unwarranted.

There can be no assurance that the Company will be able to regain compliance with the MVLS Rule or the Bid Price Rule or maintain compliance with all other Nasdaq listing requirements. If the Company fails to regain compliance with Nasdaq's continued listing standards during the Exception Period, the Company's common stock will be subject to delisting from Nasdaq.

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

The Company cautions that statements in this report that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as "expect," "intend," "plan," "anticipate," "believe," and "will," among others. Examples of forward-looking statements herein include, among others, statements regarding the Company's ability to regain compliance with Nasdaq's listing standards and anticipated actions to be taken by Nasdaq in the future.

Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company's current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility of the Company's need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of digital assets, further or new regulation of digital assets and artificial intelligence ("AI"), the evolution of AI and high-performance computing ("HPC") market and changing technologies, the slower than expected growth in demand for AI, HPC and other accelerated computing technologies than expected, the ability to timely implement and execute on AI and HPC digital infrastructure, and the ability to timely complete the digital infrastructure build-out in order to achieve its revenue expectations for the periods mentioned. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" included in the Company's Quarterly Reports on Form 10-Q filed with the SEC on May 15, 2025 and August 14, 2025, the Company's Annual Report on Form 10-K filed with the SEC on March 28, 2025 and in other filings the Company has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| Exhibit No. | Description |
| [99.1](exh_991.htm) | [Press Release dated September 17, 2025](exh_991.htm) |
| [99.2](exh_992.htm) | [Company Presentation dated September 17, 2025](exh_992.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Mawson Infrastructure Group Inc.** | **Mawson Infrastructure Group Inc.** |
| Date: September 17, 2025 | By: | <u>/s/ Kaliste Saloom&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  |  | Kaliste Saloom |
|  |  | Interim Chief Executive Officer, General Counsel and Corporate Secretary |

---

## Exhibit 99.1

**EXHIBIT 99.1**

**Mawson Infrastructure Group Inc. Shares Corporate Update**

MIDLAND, Pa., Sept. 17, 2025 (GLOBE NEWSWIRE) -- **Mawson Infrastructure Group Inc**. (NASDAQ: MIGI) ("Mawson" or the "Company"), a technology company that provides digital infrastructure for high-performance computing ("HPC") and digital assets, is hereby providing a corporate update to stockholders and the investment community regarding the Company's current operations.

**Key Points**

* **Operational Continuity.** Mawson continues to operate normally across its U.S. footprint, with Midland, Pennsylvania remaining a cornerstone facility supported by long-term site tenure.

* **Nasdaq Listing Compliance Plan.** Mawson engaged advisors and presented a plan to Nasdaq to regain compliance with Nasdaq's continued listing standards as it works to maintain the listing of its common stock. Mawson recently received from Nasdaq an extension of time to regain compliance and maintain its listing on Nasdaq.

* **Progress on Legacy Matters.** Mawson is advancing efforts to resolve certain legacy legal matters as part of a broader program to strengthen the Company's balance sheet.

* **Company Presentation.** Mawson has updated the Company Presentation posted on its website at www.mawsoninc.com.

* **Financial Flexibility Maintained (Form S-3 Refresh).** Our leadership remains focused on executing the Company's growth strategy while maintaining operational flexibility and improving its balance sheet. We believe having an effective shelf registration statement enables us to remain well-positioned to support our customers, pursue growth opportunities, and navigate the evolving capital markets efficiently. As our previous Form S-3 registration statement expired, the Company has filed a new shelf registration statement on Form S-3 to enable Mawson to offer and sell securities as needed. However, filing a shelf registration statement does not mean new shares of our common stock are being immediately issued nor does it represent a change in the Company's business strategy or financial condition.

**About Mawson Infrastructure**

Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company that offers digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC) and digital assets. The Company's digital infrastructure platforms can be used to operate computing resources for a number of applications, and are offered across artificial intelligence (AI), high-performance computing (HPC), digital assets, and other computing applications. Our innovation, technology, and operational expertise enables us to operate and optimize digital infrastructure to accelerate the digital economy. The Company has a strategy to prioritize the usage of carbon-free energy sources, including nuclear energy, to power its digital infrastructure platforms and computational machines.

Articles and recent news related to the Company are available at <u>www.mawsoninc.com/articles</u>.

For more information, visit: <u>https://www.mawsoninc.com</u>

**Cautionary Note Regarding Forward-Looking Statements**

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding listing matters, potential financing activities, operational plans, legal proceedings, strategy, and other future events. Words such as "expect," "intend," "plan," "anticipate," "believe," "seek," "may," "will," and similar expressions are intended to identify such forward-looking statements. Examples of forward-looking statements in this press release include, among others, statements regarding the Company's ability to regain compliance with Nasdaq's listing standards, the outcome of legal matters and our ability to secure additional funds through equity financing transactions.

These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including, without limitation, market conditions; changes in HPC and digital asset markets; digital asset price volatility; regulatory developments; the outcome and timing of legal proceedings; Mawson's need and ability to raise additional capital; and other risks described in Mawson's filings with the SEC. Mawson undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances after the date of this release, except as required by law.

Investor Contact: IR@mawsoninc.com;

Partnerships Contact: Partnerships@mawsoninc.com;

Media and Press Contact: mediarelations@mawsoninc.com

## Exhibit 99.2

**Exhibit 99.2**

![](exh992_01.jpg)

Digital Infrastructure Platforms for AI, HPC and Digital Assets NASDAQ: MIGI Company Presentation September 2025

![](exh992_02.jpg)

DISCLAIMER This presentation has been designed to provide general information about Mawson Infrastructure Group, Inc. ("Mawson" or "the Company"). Any information contained or referenced herein is suitable only as an introduction to the Company. The information contained in this presentation is for informational purposes only. The information contained herein does not constitute or form a part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer, buy or subscribe for, any securities, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. This document is not a prospectus. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Neither the Company, nor any of its respective affiliates make any representation or warranty, express or implied as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of any of the information or opinions contained in this presentation. This presentation has been prepared without taking into account the investment objectives, financial situation particular needs of any person. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the platform and solutions of Mawson. FORWARD - LOOKING STATEMENTS The Company cautions that statements in this presentation that are not a description of historical fact are forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward - looking statements may be identified by the use of words referencing future events or circumstances such as "expect," "intend," "plan," "anticipate," "believe," and "will," among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward - looking statements. These forward - looking statements are based upon the Company's current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward - looking statements as a result of various risks and uncertainties. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" included in the Company's Quarterly Reports on Form 10 - Q filed with the SEC on May 15, 2025, and August 14, 2025, the Company's Annual Report on Form 10 - K filed with the SEC on March 28, 2025, and in other filings the Company has made and may make with the SEC in the future . One should not place undue reliance on these forward - looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward - looking statements. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law. Disclaimer 2

![](exh992_03.jpg)

About Mawson Infrastructure Group, Inc. • Developing next - generation digital infrastructure platforms for Digital Asset, Artificial Intelligence (AI) and High - Performance Computing (HPC) markets • Nasdaq - listed and publicly traded • Headquartered near Pittsburgh, Pennsylvania • Multiple digital infrastructure sites in the PJM energy market • Diversified executive team with technology, energy and infrastructure backgrounds • Tenured operations and technology team • Competitive service offerings within the PJM energy market • 100% Carbon - Free across all operating sites • Fixed and floating energy cost structures through PPAs • Providing clients specialized curtailment revenue opportunities 3

![](exh992_04.jpg)

Experienced Management Team with Diverse Backgrounds Kaliste Saloom Interim CEO and General Counsel Kaliste joined Mawson in November 2023 and serves as its Interim CEO, General Counsel, and Corporate Secretary, bringing over 40 years of legal experience to the Mawson team. Kaliste's in - house experience includes general counsel positions with publicly and privately held companies in various high - tech industries from satellite and telecommunications to autonomous underwater vessels. Kaliste obtained his law degree from Tulane University in New Orleans, Louisiana and holds a Bachelor of Science degree in Computer Science from the University of Louisiana in Lafayette, Louisiana. Geneva Skeen Head of Information Systems Technology leader with proven track record in software, IT systems, software services, product development, and data analysis Allen Bolden Head of Operations Extensive background in facilities, operations, and engineering across large - scale enterprise infrastructure Max Franklin Head of Sales and Strategic Partnerships Extensive sales, partnerships and customer success expertise across AI, HPC, and digital assets Vikram Murali Head of Corporate Development Expertise across corporate development, most recently at Evercore's investment banking practice, working on M&A, capital raises, and strategic advisory assignments Bill Regan Chief Financial Officer Finance executive with 40 years of experience, including 25 years at public companies. Extensive transactional expertise, including two IPOs, and numerous acquisitions, divestitures, and financings Tony Beck Head of AI/HPC Design and Deployment Power and infrastructure specialist with expertise in clean energy, hyperscale data centers, and AI/ML - focused tenant improvement (TI) development 4

![](exh992_05.jpg)

Digital Colocation Platform • Diversified, asset - light, recurring revenue stream • Adaptable contracts with capacity flexibility and rapid deployments • Add - ons such as Managed Site Services and Software Services AI/HPC Colocation Platform • High - growth and high - value foundational revenue opportunities • Targeting long - term contract structures for stable, predictable cash flow • Builds upon core capabilities, expands operational capabilities and service offerings Diversified Mix of Business Segments Creating Natural Synergies for the Company Energy Management Platform • Participation in innovative energy management programs • Provides stability to electric grid and generates revenue • Optimizes energy costs while contributing to overall grid reliability Digital Assets Mining Platform • Provides upside potential during favorable market conditions • Enhances operator expertise, benefiting all colocation clients • Allows strategic resource allocation based on market dynamics 5

![](exh992_06.jpg)

2023 Jun 2023 : Operationalized 9 MW facility in Bellefonte, PA Oct 2023 : Executed colocation agreement with enterprise grade client Dec 2023 : Executed colocation agreement with enterprise grade client H1 2024 Feb 2024 : Executed colocation services agreement with enterprise grade client Mar 2024 : Expanded colocation services agreement with enterprise client for an additional 20 MW Apr 2024 : Announced expansion plans for Midland, PA site May 2024 : Announced 90% Y/Y and 83% Q/Q increase in colocation services business revenue in Q1 2024 Jun 2024 : Signed 20 MW colocation services agreement with enterprise grade client and expanded digital colocation services business to new digital assets class Jun 2024 : Successfully completed expansion in Midland, PA bringing total PJM sites capacity to 129 MW H2 2024 H2 2025 Jan 2025 : Executed 20 MW colocation services agreement with enterprise grade client Jan 2025 : Announced 69% Y/Y increase in digital colocation monthly business revenue in Dec 2024 Mar 2025 : Executed 64 MW colocation services agreement with publicly - trade enterprise grade client, deploying latest - gen ASICs Mar 2025 : Announced 136% Y/Y increase in digital colocation business revenue, 42% Y/Y increase in energy management business revenue, and 35% Y/Y increase in overall gross profit for FY 2024 July 2025 : Executed 10 MW contract with institutional backed client Aug 2024: Announced new 24 MW site in Perry County, OH., increasing total capacity to 153 MW upon completion Oct 2024: Completed Phase 1 of construction including groundworks at Perry County, OH, facility Nov 2024: Announced Q3 2024 results including Digital Colocation business revenue increasing 222% Y/Y Company Timeline Mawson Continues to Sign New Clients and Improve the Company's Fundamental Business \* As of August 2025 New client milestones 6

![](exh992_07.jpg)

7 Site Locations About the PJM Interconnection Large, Competitive Wholesale Market: Coverage over 13 states, with well - established access for large power users Mawson operates in energy markets experiencing unprecedented growth driven by data center development Low latency, high bandwidth, carrier - neutral fiber options to scale , with proximity to high - density urban nodes Moderate weather and low dust environment compared to other key markets Bellefonte (9 MW) Midland (120 MW) Perry County 1 (24 MW) Accessible Metro Location and flagship site within 30 minutes of Pittsburgh International Airport Multiple Operating and Pipeline Facilities in the PJM Market Strategic Location in North America's Largest Power Market with Robust Fiber Connectivity Grid Reliability & Modernization: Robust, reliable grid, supporting critical 24/7 operations needed for high - uptime industries Scalable Capacity and Growth: Rapidly rising energy demand due to data center and electrification growth, with projections for net load to increase substantially Active Capacity Markets: Sophisticated capacity markets that incentivize new generation investment and help ensure sufficient supply Access to Diverse Energy Resources: Diverse mix of generation, including renewables and nuclear, providing carbon - free optionality Transparent and Open Market Structure: Bid - based pricing and curtailment revenue opportunities, helping minimize risk and maximize procurement efficiency 1. Perry County site is currently in development and not operational yet; Phase 1 (groundworks) has been completed

![](exh992_08.jpg)

Site 1: Bellefonte, Pennsylvania 9 MW Site, In - building Environment with Attractive Location Attributes In - Building Facility Site Type Bellefonte, PA Region 9 MW, with potential for expansion Operating Capacity PJM Interconnection Energy Market Carbon Free Power, with floating price structures available PPA Adjacent to natural cold spring, providing lower ambient temperatures to operating areas Cooling • In - building site space, formerly a brass manufacturing plant • Located about 20 minutes from Pennsylvania State University • Access to Carbon - Free power and enterprise scale ISPs Site Overview Site Specifications 8

![](exh992_09.jpg)

Site 2: Midland, Pennsylvania 120 MW Flagship Site, Fully Operational with Proximity to Major Urban Hubs Brownfield, Outdoor, Modular MDC Concept (with indoor storage and maintenance/networking huts) Site Type Midland, PA Region 120 MW, with potential for expansion Operating Capacity PJM Interconnection Energy Market Carbon Free Power, with both fixed and floating price structures available PPA Economic Demand Response program allows for precision control over net cost of power through strike price setting for each client Curtailment Programs Site Overview Site Specifications • Former Steel Mill site, located approximately 30 minutes from Pittsburgh International Airport • Mult - tenant site with ability to serve different types of powered operations, with opportunities for expansion • Access to Carbon - Free Power and high bandwidth fiber connectivity with multiple ISPs 9

![](exh992_10.jpg)

Site 3: Perry County, Ohio 24 MW Greenfield Site, Energized and Nearing Completion Greenfield Site Site Type Perry County, OH Region 24 MW, with potential for expansion Energized Capacity PJM Interconnection Energy Market Carbon - Free Power, with both fixed and floating price structures available PPA Economic Demand Response program allows for precision control over net cost of power through strike price setting for each client Curtailment Programs • Greenfield site, adjacent to a former Coal Mine, with opportunities for joint development and expansion • Within 2 hours from Columbus and New Albany , major data center hubs in Ohio • Within the AEP Ohio energy zone, known for competitive electricity prices compared to other established data center hubs Site Overview Site Specifications 10

![](exh992_11.jpg)

Financial and Operational Highlights Revenues decreased 27% Q/Q 2024 to 2025 Fundamental business model continues to show progress Increase in Q/Q gross profitability (%) and Hash Rate Under Management 33.4% 32.9% 41.3% – $3,000,000 $6,000,000 $9,000,000 $12,000,000 $15,000,000 June 30, 2023 Revenue June 30, 2024 Gross Profit June 30, 2025 Gross Profit (%) ~ Driven by transition of legacy contracts to renewals and new clients ~ Delays contributed by tariffs and unprecedented shipping lead times in Q2 Gross Profit (%) increased by 8.3 percentage points Q/Q 2024 to 2025 x Bolstered by competitively priced contract terms and new contract structures in 2025 x Improved awareness and analysis on energy management platform Hash Rate Under Management increased 10.6% from EOY 2024 to Current x Improved operational capabilities and billing transparency to service higher quality clients x Hosting and supporting higher hash rate ASICs x Growth supported entirely from operating cash flows 3.81 4.98 5.51 2023 2024 Current 1. Hash Rate Under Management is defined as the nameplate hash rate of the contracted and self - mining capacity at Mawson, deployed across our facilities. Q/Q 2023 to 2025 Gross Profit (%) 2023 to YTD 2025 Hash Rate Under Management 1 (EH/s) 11

![](exh992_12.jpg)

Reliable and Growing Capacity with Diversified Client Base Key Operational Metrics 153 MW Total capacity under management, with expansion opportunities at all sites 99.45% Network System Uptime 1 in Q2 2025, demonstrating highly reliable connectivity across operating sites 99.04% Power System Uptime 2 in Q2 2025, validating power and equipment infrastructure reliability Up to 4 MW / day Deployment 3 timeline for new miners arriving onsite 10 MW per technician ratio, demonstrating a lean and efficient operations team 27% 18% 9% 19% 26% Customer 1 Customer 2 Customer 3 Customer 4 Self - Mining Client Concentration (% Operational MW) Operational and Near - Term Expansion Potential (MW) 153 24 109 129 129 2023 Operational Capacity (MW) 2024 2025+ Additional Expansion Capacity (MW) Mawson's Digital Infrastructure Platform has become a multi - tenant platform with a diversified group of clients , while maintaining an efficient and reliable operations model 12 1. Network System Uptime is defined as the availability hours of network connectivity over the total number of hours in the period. 2. Power System Uptime is defined as the availability hours of power supply to the site over the total number of hours in the period. 3. Deployment is defined as the racking and energizing of ASICs that have been delivered to the site.

![](exh992_13.jpg)

Product and Service Platform Continues to Expand Client Focused, Transparent and Scalable Service Offering for Digital Infrastructure Current Product and Service Offering Overview • Industry - standard third - party tools as well as proprietary in - house modules to support client revenue and performance optimization, including: • Client Helpdesk Ticketing Systems • Automated Outage Notification Systems • Tiered Curtailment Update Portal • Strike Price Calculation Models • Access to Industry - leading miner monitoring systems • Specialized access to PJM energy market consultants and curtailment providers to provide full transparency and data to understand client - specific power costs 1H 2025 Key Highlights x Completed feasibility and profitability study on Battery Energy Storage System (BESS) applications at Midland x Expanded miner procurement options and analysis for clients x Full - service repair and maintenance options now offered for client - hosted ASICs x Created new contract structures to offer profit - sharing, ramped deployment, and more client options Project Pipeline • Tiered Managed IT Service Offering for Mining and Data Center Infrastructure • Further evaluation of power and land expansion potential across all sites 13

![](exh992_14.jpg)

AI Apps Cloud/Compute/AI Services Semiconductors / Hardware Industrial Equipment & IT Infrastructure Foundational Layer: Digital Infrastructure Providers Digital Infrastructure Platforms: The Foundational Layer Operates in the Core Infrastructure Layer of the AI Value Chain with Attractive Existing Attributes • Digital Colocation Experience: Customer - focused services for existing digital colocation clients can be quickly adapted to contracting and servicing AI/HPC clients • Specialized Energy Management: Access to grid - tied, Carbon - Free energy at fixed and floating price structures, with proven ability to manage various types of power loads, client hardware, and contractual performance requirements • Attractive Location with Expansion Potential: Located within one of the fastest growing markets for AI/HPC deployment, with expansion capabilities across sites Mawson AI/HPC Competitive Positioning Mawson operates at the foundational layer of the AI infrastructure value chain, providing core physical infrastructure for high intensity workloads 14 Note: Logos shown above belong to their respective owners and are for representational purposes only to show the ecosystem, and do not indicate the source of Mawson's products or services

![](exh992_15.jpg)

Increasing Global Adoption and Growth of Digital Assets Accelerating Participation in Digital Asset Markets Increases Opportunities for Digital Infrastructure Providers 750 Million Users 2 and Growing Ownership base, investments by leading public companies like Tesla, MicroStrategy, and Block, and rising allocations from institutional investors $1.7 Trillion 1 market cap for Bitcoin, the largest single digital asset $2.8 Trillion 1 market cap for digital currencies 10x growth in the last five years $96 billion 1 market cap for Bitcoin ETFs Global adoption of Digital Assets with approval of Bitcoin ETFs in the United States and potential for expansion to other markets such as South Korea, Japan, and Singapore Increasing Institutional and Market Interest creates potential for new products and services in the digital assets space 15 Sources: 1. Blockworks, as of April 17, 2025 2. Statista, as of Jan 8, 2025

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PJM Region Continues Momentum with Data Center Markets Growing Long - Term Demand for Digital Infrastructure in Mawson's Operating Region $110B+ in announced new public and private investments towards AI, energy, and data centers within PA in 2025 1,2 90% of new power demand will be made up by data centers in 2030, as estimated by PJM 100+ AI companies and startups operating within PA as of August 2025 3 Investment Wave in Pennsylvania: More than $110 billion in public and private capital announced in 2025 for data centers, advanced energy infrastructure, and workforce development across Pennsylvania, including some of the largest private sector investments in the state's history 1,2 Tax Incentives and Regulatory Support: Strong state tax incentives on data center equipment and electricity, plus legislative efforts to expedite permitting and standardize zoning to attract AI and data center investments 6 Growing Power Demand: Data Centers are quickly becoming the largest uses of power in major energy markets like PJM 7 16 Sources: 1. Senator McCormick Press Release, July 2025 2. PA Department of Community and Economic Development, June 2025 3. F6s, August 2025 4. Code for America assessment, July 2025 5. McKinsey report, "How data centers and the energy sector can sate AI's hunger for power", November 2024 #3 PA's state ranking for AI usage, training, and capacity building within public sector 4 600+ TWh 2030 Estimated Global AI Power Demand 5 6. Reed Smith LLP, "The data center surge in Pennsylvania: Legislative initiatives," August 2025 7. PJM Board, August 2025

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Digital Infrastructure Platforms for AI, HPC and Digital Assets NASDAQ: MIGI Corporate Headquarters 950 Railroad Avenue, Midland PA 15059, USA For more information and updates, visit our website: https://www.mawsoninc.com Investor Relations IR@mawsoninc.com Media Relations mediarelations@mawsoninc.com