MIDLAND, Pa., April 6, 2026 (GLOBE NEWSWIRE) — Mawson Infrastructure Group Inc. (“Mawson” or the “Company”) today announced that it has entered into a partnership agreement with The Endeavor Investor Group and its affiliates (collectively, “Endeavor”), pursuant to which the Company will appoint three independent directors, Kyle B. Danges, K. Rodger Davis and Lisa R. Hough, as well as two Endeavor affiliates, Cody Smith and Phillip Stanley, to the Mawson Board of Directors (the “Board”).
In connection with the partnership agreement, Ryan Costello, Kathryn Schellenger and Steven Soles will step down from the Board of Directors. These appointments and dismissals are effective immediately.
Ryan Costello, outgoing chairman of the Mawson Board, said: “As a board, Kathryn, Steven and I considered the available options and unanimously decided that entering into an agreement with Endeavor is the best path forward for Mawson and in the best interests of all shareholders. We have taken meaningful steps in recent months to address business and industry challenges and reposition the company toward higher growth opportunities.”
Joshua Kilgore, Managing Member of Endeavor Blockchain, LLC, commented: “We are pleased to reach this agreement and believe Mawson has the potential to become a valuable digital infrastructure platform. We look forward to helping the company realize its potential and deliver value for all Mawson shareholders.”
The collaboration agreement includes customary standstill provisions and will be filed as an exhibit to a Form 8-K with the U.S. Securities and Exchange Commission.
Biographies of new board members:
Kyle B. Danges has been Founder and Director at KBD Strategy & Execution, LLC since July 2023. Previously, he served as Chief Strategy Officer & Head of Innovative Solutions Businesses at illumifin from October 2021 to July 2023, and as Strategy Director at KPMG from 2014 to October 2021. Mr. Danges received his BS in Finance from the Smeal College of Business at Pennsylvania State University.
K. Rodger Davis has been Managing Director at Ikaria Capital Group, a financial services provider, since September 2024. Previously, Mr. Davis served as a director at White Oak Healthcare Finance, LLC, a healthcare-focused financial services company, from May 2020 to September 2024. Mr. Davis has been co-founder and chief financial officer for Green Minting Technologies Corp., a renewable energy developer, since 2024. In addition, Mr. Davis is a partner at Purpose Living Ventures. Jenison, LLC, a senior living company, since March 2026.
Lisa R. Hough is currently co-founder and advisor of Eberly Energy Ventures LLC, a behind-the-meter energy company focused on Bitcoin and AI infrastructure. She also serves as an advisor to Trammell Venture Partners and as a member of the supervisory board of Melanion Digital, a Paris-based UCITS ETF regulated by the French AMF and listed on Euronext Paris (not a US registered entity). She serves on the Board of Directors of the Bitcoin Today Coalition and as a founding board member of Proof of Workforce, a nonprofit focused on Bitcoin adoption among unions and pension funds.
Cody Smith has been Chief Operating Officer of Big Digital Energy LLC, a digital asset mining, AI and HPC company, since August 2025. After founding Arrowhead Technologies, a cybersecurity company, he served as CEO from 2007 until its acquisition in July 2025. As CEO of Arrowhead Technologies, Mr. Smith advised many private and public companies regarding their internal controls, compliance and security.
Phil Stanley Since 2019, he has been Chief Executive Officer and Managing Member of PM Squared LLC, a private financial advisory firm, where he is responsible for financial oversight, investment strategy and operations. Mr. Stanley holds Series 7 and Series 66 securities licenses, as well as life and health insurance licenses, and holds a bachelor’s degree in business communications from Texas A&M University.
About Mawson
Mawson is a US-based technology company that designs, builds and operates next-generation digital infrastructure platforms. The company provides services in artificial intelligence (AI), high performance computing (HPC), digital assets (including Bitcoin mining) and other intensive computing applications. Mawson delivers both self-mining operations and colocation/hosting for enterprise customers, with a vertically integrated infrastructure model built for scalability and efficiency.
A core part of Mawson’s strategy is to power its business with carbon-free energy sources – including nuclear – and ensure its computing platforms support the rapid growth of the digital economy in an environmentally sustainable way. With 129 megawatts of capacity already online and more in development, Mawson is positioning itself as a competitive provider of carbon-conscious digital infrastructure solutions.
For more information about Mawson, visit: https://mawsoninc.com.
Cautionary language in forward-looking statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, the Company’s ability to realize its potential to become a valuable digital infrastructure platform and create value for shareholders. There can be no guarantee that the results or developments expected by the Company will be achieved or, even if they are materially achieved, that they will have the expected consequences for, or effects on, the Company.
These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to continued evolution and uncertainty relating to technologies and digital infrastructure; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; the availability of our at-the-market program and our ability or inability to secure additional funds through equity financing transactions; access to reliable and reasonably priced electricity sources; operational, maintenance, repair, safety and construction risks; the failure or breakdown of mining equipment, or the failure of the internet connection; our dependence on key management personnel and employees; our ability to attract or retain the talent necessary to support or grow the business; our ability to develop and execute our business strategy and plans; counterparty risks related to our customers, agreements and/or contracts; the loss of a key digital colocation customer; adverse actions by creditors, debt providers or other parties; continued evolution and uncertainty associated with the growth in the use of blockchain, Bitcoin and other digital assets; high volatility in the prices of Bitcoin and other digital assets and in the value attributable to our business; our need for and difficulties in raising additional debt or equity capital and the availability of financing options; the inability to maintain the compliance required to remain eligible for the most cost-effective forms of raising additional equity; the evolution of the AI and HPC market and changing technologies; the slower-than-expected growth in demand for AI, HPC and other accelerated computing technologies; the ability to implement and execute AI and HPC contracts or implementation for digital infrastructure in a timely manner; the ability to complete the build-out of the digital infrastructure in a timely manner to achieve revenue expectations for the stated periods; decline in the digital asset industry; counterparty risks and risks of delayed or overdue payments from customers and others; inflation, economic or political environment; threats to cybersecurity; our ability to obtain good insurance; banks and other financial institutions that stop providing services to our sector; changes in the protocols and software of Bitcoin and/or other networks; the decrease in incentive or increased network problems to mine Bitcoin; the increase in transaction costs related to digital assets; the fraud or security deficiencies of major digital asset exchanges; the regulation and taxation of digital assets such as Bitcoin; our ability to timely and effectively implement the controls and procedures required by Section 404 of the Sarbanes-Oxley Act of 2002; how our common stock may and/or will be affected by the dismissal of the involuntary petition filed against us in the United States Bankruptcy Court for the District of Delaware; material lawsuits, investigations or enforcement actions, including by regulators and government agencies; and other risks described in Mawson’s filings with the SEC. Mawson assumes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by law. Additional information regarding these and other factors can be found in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the company’s SEC filings, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Contact
Investor Relations
Mawson Infrastructure Group, Inc.
Contact person for investors: IR@mawsoninc.com
Contact person for partnerships: Partnerships@mawsoninc.com
Media and press contact: mediarelations@mawsoninc.com
Website: http://www.mawsoninc.com
