Mawson Infrastructure Group Inc. (MIGI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 31, 2026

Risk Assessment Details

Potential Dilution: 31.38% of current shares
Recent Dilution: 400.6% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
5.5M
Potential Supply
1.7M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

MIGI currently has 5.49M outstanding shares. with moderate dilution risk from 1.72M authorized shares representing 31.4% potential dilution. The company has significantly diluted shareholders by 400.6% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 31, 2026

10-K filing | 5.5M shares outstanding

5.5M 1.7M
Dec 17, 2025

8-K filing: Mawson Infrastructure Group Inc. sold 2,161,379 shares of Common Stock pursuant to the Sales Agreement for aggregate net proceeds of approximately $13.2 million. ($13.2M proceeds)

1.2M 6M
Dec 11, 2025

8-K filing: Mawson Infrastructure Group Inc. increased the capacity of its existing at-the-market offering program by $40,000,000, while having previously sold 1,558,944 shares of Common Stock for aggregate gross proceeds of $9,599,246.43 through Wainwright under the Sales Agreement. ($9.6M proceeds)

1.2M 6M
Nov 20, 2025
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 23,602,947 → 1,180,147

1.2M 0
Nov 14, 2025

10-Q filing | 23.6M shares outstanding

24M 120M
Sep 03, 2025

S-3 filing: MAWSON INFRASTRUCTURE GROUP INC. is filing an S-3 registration statement to offer and sell up to $50,000,000 in the aggregate of common stock, preferred stock, and debt securities from time to time in one or more offerings.

21M 120M
Aug 14, 2025

10-Q filing | 20.2M shares outstanding

20M 0
May 15, 2025

10-Q filing | 18.8M shares outstanding

19M 370K
Mar 28, 2025

10-K filing | 17.8M shares outstanding

18M 1.3M
Nov 14, 2024

10-Q filing | 18.5M shares outstanding

19M 650K
Aug 19, 2024

10-Q filing | 17.4M shares outstanding

17M 1.8M
May 15, 2024

10-Q filing | 16.6M shares outstanding

17M 2.5M
Apr 01, 2024

10-K filing | 15.7M shares outstanding

16M 3.5M
Mar 08, 2024

8-K filing: Mawson Infrastructure Group Inc. granted Restricted Stock Units (RSU) under the 2021 Equity Incentive Plan representing the right to receive 3,629,241 Shares on June 29, 2023, 380,000 Shares on July 14, 2023, 1,506,885 Shares on July 19, 2023 and 115,741 Shares on July 21, 2023.

17M 2.7M
Nov 13, 2023

10-Q filing | 16.5M shares outstanding

17M 2.7M
Aug 21, 2023

10-Q filing | 15.5M shares outstanding

16M 3.6M
May 15, 2023

10-Q filing | 16.2M shares outstanding

16M 3M
May 08, 2023

8-K filing: Mawson Infrastructure Group Inc. completed a registered direct offering and concurrent private placement on May 8, 2023, issuing 2,083,336 shares of common stock and warrants to purchase up to 2,604,170 shares of common stock, resulting in gross proceeds of approximately $5 million. ($5.0M proceeds)

14M 4.8M
Mar 23, 2023

10-K filing | 14.1M shares outstanding

14M 5M
Feb 06, 2023
Stock Split

8-K filing: Stock split 1-for-6 | Outstanding: 79,366,725 → 14,027,388

14M 5.1M
Nov 14, 2022

10-Q filing | 79.4M shares outstanding

79M 36M
Sep 09, 2022

8-K filing: Mawson Infrastructure Group, Inc. entered into a Purchase and Sale Agreement and an Equipment Purchase and Sale Agreement with CleanSpark, Inc., involving the sale of a property and ASICs for cash, shares of CleanSpark common stock, and seller financing. ($6.5M proceeds)

81M 34M
Aug 22, 2022

10-Q filing | 81.2M shares outstanding

81M 34M
Jul 19, 2022

8-K filing: Mawson Infrastructure Group Inc. entered into a Securities Purchase Agreement with an institutional investor for the issuance and sale of 8,000,000 shares of common stock at $0.80 per share, along with warrants to purchase 10,000,000 shares of common stock, in a registered direct offering. ($6.4M proceeds)

72M 42M
May 16, 2022

10-Q filing | 72.5M shares outstanding

72M 42M
Apr 08, 2022

S-3/A filing: Mawson Infrastructure Group Inc. files an S-3/A form to offer and sell up to $500,000,000 in the aggregate of common stock, preferred stock, debt securities, warrants and units from time to time in one or more offerings.

72M 43M
Apr 01, 2022

S-3 filing: Mawson Infrastructure Group Inc. is filing an S-3 to offer and sell up to $500,000,000 in the aggregate of common stock, preferred stock, debt securities, warrants, and units from time to time in one or more offerings.

72M 43M
Mar 21, 2022

10-K filing | 71.6M shares outstanding

72M 40M
Mar 01, 2022

8-K filing: Mawson issued warrants to Celsius Mining to purchase up to 3,850,000 shares of common stock at an exercise price of US$6.50 per share.

69M 42M
Nov 15, 2021

10-Q filing | 69.0M shares outstanding

69M 42M
Oct 29, 2021

S-3 filing: This is an S-3 filing for a shelf offering of common stock by selling stockholders and potential proceeds from warrant exercises.

59M 53M
Oct 01, 2021

8-K filing: Mawson Infrastructure Group Inc. completed a public offering of 3,913,044 shares of common stock and accompanying warrants, with the Underwriters exercising their option to purchase 293,478 additional warrants, resulting in net proceeds of approximately $41,234,050 for the Company. ($41.24M proceeds)

59M 53M
Aug 11, 2021
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 539,192,684 → 58,552,512

59M 53M
Aug 10, 2021

10-Q filing | 539.2M shares outstanding

540M 570M
Aug 05, 2021

S-3/A filing: Mawson Infrastructure Group Inc. may offer and sell up to $200,000,000 in the aggregate of common stock, preferred stock, debt securities, warrants, and units from time to time in one or more offerings.

540M 570M
Jul 30, 2021

S-3 filing: Mawson Infrastructure Group Inc. is filing an S-3 to offer and sell up to $200,000,000 in the aggregate of common stock, preferred stock, debt securities, warrants, and units from time to time in one or more offerings.

540M 570M
Jul 15, 2021

S-1/A filing: This prospectus relates to the offer and resale by the selling stockholders identified herein of up to 563,941,835 shares of Common Stock

540M 570M
Jun 09, 2021

S-1 filing: This S-1 filing relates to the offer and resale by selling stockholders of up to 563,941,835 shares of common stock.

490M 560M
May 19, 2021

10-Q filing | 486.7M shares outstanding

490M 0
Mar 01, 2021

10-K filing | 32.8M shares outstanding

33M 0
Feb 04, 2021

8-K filing: Wize Pharma, Inc. commenced an off-market takeover offer to acquire all outstanding shares of Cosmos Capital Limited, offering 61.11 shares of Wize's common stock, with 22.33 shares subject to a Stock Restriction Agreement.

16M 0
Jan 19, 2021

8-K filing: Wize Pharma, Inc. amended the Bid Implementation Agreement with Cosmos Capital Limited, modifying the Offer Consideration to 61.11 shares of Wize's common stock per Cosmos Share, with 22.33 shares subject to a Stock Restriction Agreement.

16M 0
Jan 05, 2021

8-K filing: Wize Pharma entered into a Bid Implementation Agreement with Cosmos Capital Limited to acquire Cosmos shares in exchange for Wize common stock and warrants, and also entered into Securities Purchase Agreements with accredited investors to sell 25,000,000 shares of common stock at $0.12 per share for gross proceeds of $3.0 million. ($3.0M proceeds)

16M 0
Dec 31, 2020

8-K filing: Wize Pharma, Inc. reduced the exercise price of certain warrants to $0.001 per share until January 7, 2021, resulting in the issuance of 13,332,657 shares upon exercise of such warrants on December 29, 2020.

16M 0
Dec 09, 2020

8-K filing: Wize Pharma, Inc. entered into exchange agreements with certain holders of common stock purchase warrants to purchase an aggregate of 3,000,000 shares of the Company's common stock, with the holders surrendering their warrants for cancellation and receiving 3,000,000 restricted shares of common stock as consideration.

16M 0
Nov 16, 2020

10-Q filing | 15.9M shares outstanding

16M 0
Aug 14, 2020

10-Q filing | 15.9M shares outstanding

16M 0
Jul 14, 2020

8-K filing: Wize Pharma, Inc. redeemed all of its Series B Non-Voting Redeemable Preferred Stock and distributed 68,191,200 Bonus Shares to the former holders of the Preferred Stock, resulting in the Company beneficially owning 17,047,800 Bonus Shares, representing approximately 1.76% of the outstanding shares of Bonus BioGroup Ltd.

16M 0
May 15, 2020

10-Q filing | 16.0M shares outstanding

16M 0
Mar 30, 2020

10-K filing | 15.9M shares outstanding

16M 0
Feb 20, 2020

8-K filing: Wize Pharma, Inc. closed its previously announced transactions, including the sale of 37% of future revenues from its L02A-based products to Bonus BioGroup Ltd. and an investment of $7.4 million in Bonus, and the issuance of 7,500 shares of newly created Series B Non-Voting Redeemable Preferred Stock for aggregate gross proceeds of $7.5 million. ($7.5M proceeds)

N/A 0
Jan 15, 2020

8-K filing: Wize Pharma, Inc. entered into agreements with Bonus BioGroup Ltd. involving the sale of future revenues from its L02A-based products and an investment in Bonus, and a separate agreement to sell Series B Preferred Stock to accredited investors to finance the Bonus transaction. ($7.5M proceeds)

N/A 0
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