Mawson Infrastructure Group Inc (MIGI)

[Cosa]

Someone mentioned this ticker on another ticker's board. But this is trash. If you look up CEO/Founder it is clear this is just one more revenue stream to line his pocket. They have no intention in creating value for shareholders. They will mine and sell bitcoin to pay themselves at shareholder's expense. A reverse split will be needed soon to stay on the big board when this falls below the minimum $1.

This right here explains where the value is going. 19 million more shares in less than a year, for what? Awarded Options? To buy more mining rigs?
Outstanding Share History.
8/13/2021 53.92M
9/29/2021 69.00M
11/15/2021 69.00M
3/15/2022 71.58M
5/11/2022 72.49M

The end.