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Mawson Infrastructure Group Inc. Files Adversary Complaint Seeking Damages for Bad-Faith Bankruptcy Filing
Globenewswire· 2025-12-30 14:01
Core Viewpoint - Mawson Infrastructure Group Inc. has filed an adversary proceeding in the U.S. Bankruptcy Court against multiple parties related to an involuntary bankruptcy petition, seeking damages and legal costs due to alleged misconduct by the petitioning creditors [1][2][3] Group 1: Legal Proceedings - The adversary proceeding is titled "Mawson Infrastructure Group Inc. versus W Capital Advisors Pty Ltd, et al." and is filed under 11 U.S.C. § 303(i) [1] - The complaint alleges that the petitioning creditors engaged in a coordinated campaign that resulted in significant financial harm to Mawson, including a market capitalization loss of approximately $23 million in one day [2] - The involuntary bankruptcy petition was dismissed with prejudice on November 4, 2025, allowing Mawson to pursue remedies against the petitioning creditors [3] Group 2: Company Overview - Mawson is a U.S.-based technology company focused on next-generation digital infrastructure platforms, providing services in AI, HPC, and digital assets, including Bitcoin mining [4] - The company operates both self-mining and colocation/hosting services, utilizing a vertically integrated infrastructure model designed for scalability and efficiency [4] - Mawson emphasizes the use of carbon-free energy resources, including nuclear power, to support sustainable growth in the digital economy [5] Group 3: Operational Capacity - Mawson currently has 129 megawatts of capacity online, with additional capacity under development, positioning itself as a competitive provider of carbon-aware digital infrastructure solutions [5]