Author discusses MIGI as a potential early entry based on low valuation per MW and takeover rumors by Endeavor.
Unpriced research observations (excluded from Calls and Returns):
MIGI — LONG Author argues Mawson Infrastructure Group's valuation per megawatt is well below industry peers, attributing the discount to poor cash position, heavy debt, and weak management. The catalyst is serious takeover rumors by Endeavor, which is reportedly loading up shares and committing capital to assets, with the author noting Endeavor already bought half a million shares around $5.30-$5.40. The main stated risk is that the thesis is entirely reliant on merger news materializing. resolved_asset_type_mismatch
It’s valuation of value per MW is way under others in the industry, justly so because of their poor cash, debt heavy, and shitty management, however serious takeover rumors by Endeavor are in the works.