Mawson files lawsuit over dismissed bankruptcy petition

Mawson Infrastructure Group Inc. has filed a lawsuit against W Capital Advisors Pty Ltd, Marshall Investments GCP Pty Ltd, Rayra Pty Ltd, and affiliated individuals, seeking damages related to an involuntary bankruptcy petition filed in December 2024. The company alleges a coordinated campaign caused a $23 million market capitalization loss and reputational damage. The bankruptcy petition was dismissed on November 4, 2025, allowing Mawson to pursue legal remedies.

Mawson, currently valued at $5.23 million, is facing significant financial challenges, with its stock down over 74% in the past year. Despite these difficulties, analysis suggests the company may be undervalued. The lawsuit, filed under 11 U.S.C. § 303(i), seeks compensatory and punitive damages, sanctions, and injunctive relief.

Recent news includes a 30% revenue decline in October 2025, coupled with regaining compliance with Nasdaq listing requirements through a compliance plan and a 1-for-20 reverse stock split. Mawson operates digital infrastructure platforms for artificial intelligence, high-performance computing, and Bitcoin mining, currently with 129 megawatts of capacity online.

(Source：Investing Canada)