Form 4: Mawson Infrastructure Group Insiders Boost Holdings

Key insiders and a 10% owner of Mawson Infrastructure Group Inc. significantly increased their beneficial ownership of common shares through multiple open market purchases in late 2025.

Summary

• Endeavor Blockchain, LLC, a 10% owner and director, acquired a total of 765,000 common shares of Mawson Infrastructure Group Inc. between November 26, 2025, and December 16, 2025, increasing its direct beneficial ownership to 915,000 shares.
• Cody Smith, a director and member of the Endeavor Investor Group, acquired a total of 32,982 common shares between November 28, 2025, and December 15, 2025, increasing his direct beneficial ownership to 32,982 shares.
• Joshua Kilgore, a director and member of the Endeavor Investor Group, acquired 1,000 common shares on December 3, 2025, increasing his direct beneficial ownership to 8,000 shares.
• PM Squared LLC, a member of the Endeavor Investor Group, acquired a total of 2,297 common shares between December 2, 2025, and December 16, 2025, increasing its direct beneficial ownership to 2,297 shares.
• The purchases were made at weighted average prices ranging from $4.03 to $12.00 per share across various transactions.
• The reporting persons are part of the 'Endeavor Investor Group,' which collectively exceeded 10% ownership of Mawson Infrastructure Group Inc. as of November 25, 2025.

Sentiment

Score: 8

Explanation: The extensive insider buying by multiple key individuals and entities, including a 10% owner and directors, indicates strong confidence in the company's valuation and future prospects. This is a significant positive signal for investors.

Positives

• Significant insider buying by multiple directors and a 10% owner, indicating strong confidence in the company's future prospects.
• The Endeavor Investor Group, comprising Endeavor Blockchain, LLC, Cody Smith, Joshua Kilgore, and PM Squared LLC, collectively increased their holdings substantially.
• Endeavor Blockchain, LLC alone acquired 765,000 shares, representing a substantial investment.
• Cody Smith increased his direct holdings by 32,982 shares during the reported period, demonstrating a strong commitment.

Future Outlook

NA

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

Insider buying, especially by significant shareholders and directors, often signals management's belief that the company's stock is undervalued or that positive developments are anticipated. In the broader market, such activity can be interpreted as a vote of confidence, potentially attracting other investors.

Related Party Transactions

• The transactions involve entities and individuals (Endeavor Blockchain, LLC, Cody Smith, Joshua Kilgore, PM Squared LLC) who are directors and/or 10% owners of Mawson Infrastructure Group Inc., making these related party transactions in the context of beneficial ownership changes.

Stakeholder Impact

• Shareholders: The significant insider buying could instill greater confidence among existing shareholders and potentially attract new investors, possibly leading to increased demand for the stock.
• Management: The actions of the Endeavor Investor Group demonstrate alignment of interests between key stakeholders and the company's performance.

Next Steps

• Mawson Infrastructure Group Inc. or the SEC staff may request full information regarding the number of shares sold at each separate price within the reported ranges.
• Transactions by the Endeavor Investor Group on and after December 26, 2025, will be reported on additional Form 4s, with the first of these filed on January 12, 2026.

Key Dates

Recommendation

The substantial and widespread insider buying by directors and a 10% owner, the Endeavor Investor Group, signals strong conviction in Mawson Infrastructure Group Inc.'s future. Such a significant increase in beneficial ownership, particularly across multiple individuals and entities within the leadership, often precedes positive company developments or indicates a belief that the stock is currently undervalued. This collective vote of confidence from those with the most intimate knowledge of the company's operations and prospects makes the stock an attractive 'buy' for seasoned investors.

Keywords

Mawson Infrastructure Group, MIGI, SEC Form 4, insider trading, beneficial ownership, common shares, stock acquisition, director purchases, 10% owner, Endeavor Blockchain, Joshua Kilgore, Cody Smith, PM Squared LLC