Form 4: Endeavor Blockchain Boosts MIGI Stake

Endeavor Blockchain, a 10% owner and director, increased its beneficial ownership in Mawson Infrastructure Group Inc. through recent share purchases.

Summary

• Endeavor Blockchain, LLC, a 10% owner and director of Mawson Infrastructure Group Inc. (MIGI), reported acquiring additional common shares.
• On January 9, 2026, Endeavor Blockchain, LLC purchased 160,000 common shares at a weighted average price of $4.56 per share, with prices ranging from $4.50 to $4.70.
• On January 12, 2026, Endeavor Blockchain, LLC purchased an additional 22,018 common shares at a weighted average price of $4.54 per share, with prices ranging from $4.47 to $4.66.
• These transactions were made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, Endeavor Blockchain, LLC directly owns 1,260,000 common shares.
• Members of a 'group' with Endeavor Blockchain, LLC, including Cody Smith, Joshua Kilgore, and PM Squared, LLC, also beneficially own shares, totaling 75,000, 8,000, and 2,297 shares respectively.

Sentiment

Score: 8

Explanation: The significant insider buying by a 10% owner and director, especially under a 10b5-1 plan, indicates strong confidence in the company's future, which is generally a very positive signal for investors.

Positives

• A significant insider purchase by a 10% owner and director, indicating strong confidence in the company's future prospects.
• The transactions were executed under a Rule 10b5-1(c) plan, suggesting a pre-planned investment strategy rather than opportunistic trading.

Future Outlook

The filing does not contain any explicit forward-looking statements or guidance.

Industry Context

Insider buying, especially by significant shareholders and directors, is often viewed positively by the market as it signals confidence in the company's valuation and future prospects, particularly in sectors like infrastructure or blockchain where long-term strategic vision is crucial.

Comparison to Industry Standards

• NA

Related Party Transactions

• The transactions involve Endeavor Blockchain, LLC, a 10% owner and director, and its associated group members (Cody Smith, Joshua Kilgore, PM Squared, LLC), which are considered related parties under SEC regulations.

Stakeholder Impact

• Shareholders may view the insider buying as a positive signal, potentially increasing investor confidence and demand for the stock.
• The increased stake by a significant owner could imply greater alignment of interests between management/large shareholders and other investors.

Key Dates

Recommendation

The substantial insider buying by a 10% owner and director, Endeavor Blockchain, LLC, signals strong conviction in Mawson Infrastructure Group Inc.'s future prospects and current valuation. Such actions, especially when executed under a Rule 10b5-1 plan, often precede positive developments or reflect a belief that the stock is undervalued. This insider confidence provides a compelling reason for investors to consider a 'buy' position.

Keywords

Mawson Infrastructure Group, MIGI, Endeavor Blockchain, Insider Buying, Form 4, Beneficial Ownership, Share Purchase, Director Ownership, 10% Owner, Rule 10b5-1