Form 4: Mawson Infrastructure 10% Owner Boosts Stake

Endeavor Blockchain, a 10% owner and director of Mawson Infrastructure Group, significantly increased its direct and indirect beneficial ownership of common shares through multiple purchases in late 2025 and early 2026.

Summary

• Endeavor Blockchain, LLC, a 10% owner and director of Mawson Infrastructure Group Inc. (MIGI), acquired a total of 185,000 common shares directly between December 26, 2025, and January 7, 2026.
• These acquisitions increased Endeavor Blockchain's direct beneficial ownership to 1,100,000 common shares.
• The purchase prices for Endeavor Blockchain's acquisitions ranged from a weighted average of $4.33 to $4.60 per share.
• Cody Smith, a member of the 'group' with Endeavor Blockchain, LLC, also acquired 20,000 common shares, increasing his direct beneficial ownership to 52,982 shares.
• Cody Smith's acquisitions were at weighted average prices of $4.39 and $4.46 per share.
• Other group members, Joshua Kilgore and PM Squared, LLC, beneficially own 8,000 and 2,297 common shares, respectively.

Sentiment

Score: 7

Explanation: The consistent acquisition of shares by a 10% owner and director, along with other group members, indicates strong insider confidence in the company's valuation and future prospects, which is generally a positive signal for investors.

Positives

• A significant increase in beneficial ownership by a 10% owner and director, Endeavor Blockchain, LLC, signals confidence in Mawson Infrastructure Group Inc.'s future prospects.
• The consistent buying activity across multiple dates suggests a deliberate strategy to accumulate shares.
• Additional purchases by Cody Smith, a member of the reporting group, further reinforce insider confidence.

Future Outlook

The filing does not provide explicit forward-looking statements or guidance beyond the reported transactions.

Management Comments

• The reporting person undertakes to provide to Mawson Infrastructure Group Inc., any security holder of Mawson Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Industry Context

This insider buying activity by a significant shareholder and director suggests a positive internal view of Mawson Infrastructure Group's position within its industry, potentially indicating confidence in its operational performance or strategic direction relative to peers.

Related Party Transactions

• Endeavor Blockchain, LLC, a 10% owner and director, engaged in multiple common share acquisitions from December 26, 2025, to January 7, 2026. These transactions are considered related party dealings due to the reporting person's significant stake and board representation.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively, signaling management's belief in the company's value and potentially reducing agency costs.
• Employees, Customers, Suppliers, Creditors: No direct impact is immediately apparent from this filing, as it pertains solely to beneficial ownership changes.

Next Steps

• The reporting person is obligated to provide full information regarding the number of shares purchased at each separate price within the reported ranges upon request from Mawson Infrastructure Group Inc., its security holders, or the SEC staff.

Key Dates

Recommendation

The consistent and significant buying activity by a 10% owner and director, Endeavor Blockchain, LLC, along with other affiliated individuals, is a strong indicator of insider confidence. Such actions often precede positive company developments or reflect a belief that the stock is undervalued. For a seasoned investor, this signals a potential 'buy' opportunity, as insiders typically have the most comprehensive understanding of the company's intrinsic value and future trajectory.

Keywords

Mawson Infrastructure Group, MIGI, Endeavor Blockchain, Insider Buying, Form 4, Beneficial Ownership, Stock Acquisition, Director Ownership, 10% Owner