UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K/A

 (Amendment No. 1)

 (Mark One)

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended: December 31, 2024

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the transition period from _____________ to
_____________

 Commission File No. 001-40849

 Mawson Infrastructure Group Inc.

 (Exact name of registrant as specified in its charter)

 Delaware

 88-0445167

 (State or other jurisdiction of

incorporation or organization)

 (I.R.S. Employer

Identification No.)

 950 Railroad Avenue, Midland, Pennsylvania

 15059

 (Address of principal executive offices)

 (Zip code)

 Registrant's telephone number, including
area code: 1-412-515-0896

 Securities Registered pursuant to Section 12(b)
of the Act:

 Title of each class

 Trading symbol(s)

 Name of each exchange on which registered

 Common Stock, par value $0.001 per share

 MIGI

 The Nasdaq Stock Market LLC

 Securities Registered pursuant to Section 12(g)
of the Exchange Act: None

 Indicate by check mark if the registrant is a
well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

 Indicate by check mark if the registrant is not
required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No

(1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes No

has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405
of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes
 No

is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company,"
and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 Large accelerated filer:
 Accelerated filer:

 Non-accelerated filer:
 Smaller reporting company:

 Emerging growth company:

 If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act

has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial
reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or
issued its audit report.

 If securities are registered pursuant to Section
12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction
of an error to previously issued financial statements.

 Indicate by check mark whether any of those error
corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's
executive officers during the relevant recovery period pursuant to §240.10D-1(b).

is a shell company (as defined in Rule 12b-2 of the Act). Yes
No

 The aggregate market value of the voting and non-voting
common equity held by non-affiliates of the registrant as of June 28, 2024, the last business day of the registrant's most recently
completed second fiscal quarter, was approximately $ 23.5 million (based on the closing price of the common stock on June 28, 2024, as
reported by the Nasdaq Capital Market).

 As of March 3, 2025, there were 18,792,360 shares
of the registrant's common stock outstanding.

 DOCUMENTS INCORPORATED BY REFERENCE: None.

 EXPLANATORY NOTE

 This Amendment No. 1 on Form
10-K/A (this "Form 10-K/A") to the Annual Report on Form 10-K of Mawson Infrastructure Group Inc. ("Mawson", "the
Company", "we", "our" or "us") for the fiscal year ended December 31, 2024, filed with the Securities
and Exchange Commission (the "SEC") on March 28, 2025 (the "Form 10-K"), is being filed for the purposes of (i)
amending and supplementing the information required by Items 10 through 14 of Part III of Form 10-K and (ii) amending Item 15(b) of Part
IV of the Form 10-K to include Exhibits 19.1 and 10.24, which were inadvertently omitted in the Form 10-K. The information required by
Items 10 through 14 of Part III of Form 10-K was previously omitted from the Form 10-K in reliance on General Instruction G(3) to Form
10-K, which permits the information in the above referenced items to be incorporated in the Form 10-K by reference from the Company's
definitive proxy statement if such statement is filed no later than 120 days after the Company's fiscal year-end. The information
required by Items 10 through 14 of Part III of Form 10-K is no longer being incorporated by reference to the proxy statement relating
to the Company's 2025 Annual Meeting of Stockholders. The reference on the cover of the Form 10-K to the incorporation by reference
to portions of the Company definitive proxy statement into Part III of the Form 10-K is hereby deleted.

 Pursuant to Rule 12b-15 under
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this Form 10-K/A also contains new certifications by
the principal executive officer and the principal financial officer as required by Section 302 of the Sarbanes-Oxley Act of 2002. Because
no financial statements are included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items
307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted.

 Except as described above,
this Form 10-K/A does not modify or update the disclosures in, or any exhibits to, the Form 10-K. Furthermore, this Form 10-K/A does not
change any previously reported financial results, nor does it reflect any events which occurred subsequent to the filing of the Form 10-K.
Accordingly, this Amendment should be read in conjunction with our filings with the SEC subsequent to the filing of the Form 10-K. Information
not affected by this Form 10-K/A remains unchanged and reflects the disclosures made at the time the Form 10-K was filed.

 Item 10

 Directors, Executive Officers and Corporate Governance

 Item 11

 Executive Compensation

 Item 12

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item 13

 Certain Relationships and Related Transactions, Director Independence

 Item 14

 Principal Accountant Fees and Services

 Item 15

 Exhibits, Financial Statement Schedules

 SIGNATURES

 i

 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND
CORPORATE GOVERNANCE.

 EXECUTIVE OFFICERS

 The following are our executive officers, their
ages as of April 30, 2025, positions and offices held with the Company, and certain biographical information.

 Rahul Mewawalla,
 age 46, has served as Chief Executive Officer and President of the Company since May 22, 2023, and has served as a director of
the Company since January 31, 2023. Mr. Mewawalla is a technology, digital, product, and business leader with extensive strategic
and operational leadership expertise across technology, internet, artificial intelligence, computing, telecom, financial services, and
digital markets. He has held several executive leadership roles, and previously served as Chief Executive Officer and President of Xpanse
Inc., a technology, software and fintech company and as Chief Digital Officer and Executive Vice President, Platforms and Technology Businesses
at Freedom Mortgage Corporation, a national financial services company from 2020 to 2021, as Chief Executive Officer and President at
Zenplace Inc., a technology platforms and software company from 2014 to 2020, as Vice President at Nokia Corporation (NYSE: NOK), a global
technology and telecom company from 2010 to 2012, as Vice President at General Electric Company (NYSE: GE)'s NBCUniversal, a global
digital platforms, media, and diversified company from 2008 to 2010, and as Senior Director at Yahoo! Inc. (formerly NASDAQ: YHOO), a
global internet and technology company from 2005 to 2008. In addition to his executive leadership roles, Mr. Mewawalla also serves
and has previously served as a board director with numerous NASDAQ-listed public companies. He is serving currently as a director at Phunware,
Inc. (NASDAQ: PHUN) where he has served as a director since 2021, as well as a member of the Nominating and Governance Committee, Chair
of the Audit Committee and an Audit Committee Financial Expert, as a member of Compensation Committee, of which he was previously Chair,
and as the Chairman of the Board of Directors, and as a director of Four Leaf Acquisition Corporation (NASDAQ: FORL), where he has served
as a director since 2022 and as Chair of the Compensation Committee and a member of the Audit Committee. Previously, Mr. Mewawalla served
as a director at Lion Group Holding (NASDAQ: LGHL) from 2022 to 2024 and as a member of the Audit Committee, Aquarius II Acquisition
Corporation (NASDAQ: AQUB) from 2022 to 2024, at Rocky Mountain Chocolate Factory (NASDAQ: RMCF) during 2021 and as a member of the Audit
Committee and Nominating and Governance Committee, Chair of the Compensation Committee, and Chairman of the Board of Directors. He previously
served as an independent board director at SOS Children's Villages USA, a philanthropic organization. Mr. Mewawalla has also
served as Senior Advisor to the San Francisco Mayor's Office on Innovation, as an Advisor to Stanford University's Persuasive
Technology Lab, and as Committee Chair of the VC TaskForce SIG on Systems and Services. Mr. Mewawalla earned a BBS from the University
of Delhi and an MBA from the Kellogg School of Management at Northwestern University.

 William Regan,
age 66, has served as Chief Financial Officer of the Company since January 17, 2025. Mr. Regan joined the Company in 2024 as Deputy Chief
Financial Officer. Mr. Regan has 40 years of finance and accounting experience, including 25 years at public companies and 10 years at
technology companies. Prior to joining the Company, Mr. Regan served as Chief Financial Officer at Everything Blockchain, Inc., a publicly
traded technology company that blends blockchain, zero-trust, and database management technology, from 2021 to 2024. He served as Vice
President, Corporate Controller at Rentech, Inc., a diversified supplier of wood chips, wood pellets and nitrogen fertilizers, from 2016
to 2018, Controller at DTS Digital Cinema, a provider of technology, products and services to the entertainment markets, from 2006 to
2008, Controller at Digital Insight Corporation, a provider of online banking software, from 2000 to 2001, and Vice President, Controller
and Treasurer at National Golf Properties, Inc., a publicly traded REIT specializing in the ownership of golf course properties, from
1993 to 2000. Mr. Regan holds a Bachelor's degree in Business Administration - Accounting from California State Polytechnic University,
Pomona and is a Certified Public Accountant (inactive).

 Kaliste Saloom,
age 65, has served as General Counsel and Corporate Secretary of the Company July 1, 2024. Mr. Saloom joined the Company in November 2023
as its Vice President of Legal and served as the Company's interim General Counsel and Corporate Secretary from March 2024 until
being formally promoted to General Counsel and Corporate Secretary. Mr. Saloom has over 40 years of commercial and litigation legal experience.
Prior to joining the Company, Mr. Saloom served as General Counsel at Kin Capital Partners, LLC from 2022 to 2023. Previously, from 2018
to 2022, he served as General Counsel and Vice President for Energy & Technology Corp. (OTCMKTS: ENGT), a publicly traded company,
and as an attorney for Cambridge Industries, Inc., an international technology company based in Santa Clara, California specializing in
commercial networking solutions. Mr. Saloom also worked as an attorney for ViaSat, Inc., a high-tech company providing satellite internet
services based in Irvine, California. Mr. Saloom holds a Juris Doctorate degree from Tulane Law School in New Orleans, Louisiana, and
a Bachelor of Science degree in Computer Science from the University of Southwestern Louisiana (now the University of Louisiana at Lafayette)
and is a licensed attorney.

 DIRECTORS

 The following section sets forth certain information
regarding our directors. There are no family relationships between any director, executive officer, or person nominated or chosen
by the Company to become a director or executive officer.

 Name

 Current Position

 Committee Roles

 Age

 Director Since

 Ryan Costello

 Independent Board Chair

 Audit Committee Member, Compensation Committee Member, Nominating and
Governance Committee Chair, Strategic Transactions Committee Member

 2023

 Rahul Mewawalla

 CEO, President and Director

 Director

 2023

 Greg Martin

 Independent Director

 Nominating and Governance Committee Member, Audit Committee Chair,
Compensation Committee Member, Strategic Transactions Committee Member

 2021

 Steven Soles

 Independent Director

 Audit Committee Member, Compensation Committee Chair, Nominating and
Governance Committee Member, Strategic Transactions Committee Chair

 2025

 Ryan Costello has
served as a director since 2023 and the Chair of our Board since 2024. Mr. Costello is an advisor to Fortune 500 companies and trade associations,
helping formulate and execute their public policy advocacy and strategic communications objectives. His policy expertise and experience
spans many sectors, including technology, healthcare, energy, real estate, transportation, and tax. Mr. Costello is employed with Ryan
Costello Strategies, LLC, a federal policy advocacy firm. Since 2019, Mr. Costello has been a visiting lecturer at American University.
Mr. Costello served in U.S. Congress from 2015 to 2019. During this time, he served on the Energy & Commerce Committee, Transportation &
Infrastructure Committee, and Veterans Affairs Committee. From 2011 to 2014, he served in elective office to the Chester County (PA)
Board of Commissioners, with management and oversight function of a $500 million audited budget and over 2,500 employees spanning 55 departments
and 26 ancillary agencies. In this position, Mr. Costello initiated the county's first economic development plan, maintained its
AAA bond rating, and managed a multitude of private sector and intergovernmental relations with local, state, and federal stakeholders.
From 2002 to 2014, Mr. Costello practiced as an attorney in private practice.

 Mr. Costello is NACD Directorship
Certified and previously served as a board director for Red White & Bloom Brands (CNSX: RWB) from 2021 to 2022, as a board director
for Phunware Inc. (NASDAQ: PHUN) from 2021 to 2023, and has also served in board advisory roles for private companies. Mr. Costello is
a graduate with Honors of Ursinus College and from Villanova University School of Law. In 2022, Mr. Costello received an Economics
of Blockchain and Digital Assets Certificate in Executive Education from Wharton.

 We have determined that Mr.
Costello is qualified to serve as a member of our Board because of his deep knowledge of public policy and regulations, and his advocacy
expertise.

 Rahul Mewawalla has
served as Chief Executive Officer and President of the Company since May 22, 2023, and has served as a director of the Company since
January 31, 2023. See Mr. Mewawalla's biography set forth above in the section titled "Executive Officers."

 We have determined that Mr.
Mewawalla is qualified to serve as a member of our Board due to his institutional knowledge and operational experience acquired from his
tenure as the Company's CEO and President, as well as his expertise in and extensive leadership experience as a senior executive
in the technology industry.

 Greg Martin has
served as a director since 2021. Mr. Martin has over 40 years of experience in the energy, utilities, resources, financial services and
infrastructure sectors in Australia, New Zealand and internationally. Mr. Martin previously served as a member of the COAG Energy Council
Energy Appointments Selection Panel from 2015 to 2017. Mr. Martin previously served as CEO and Managing Director of Murchison Metals Limited
(ASX: MMX, delisted in 2014), a provider of mineral exploration services, from 2011 to 2012 and as CEO of the infrastructure division
of Challenger Financial Services Group, a division of Challenger Limited (ASX: CGF), from 2006 to 2008. He spent 25 years, from 1981 to
2006, with the Australian Gas Light Company (ASX: AGL), including five years as CEO and Managing Director.

 Mr. Martin currently sits on
the board of directors for Provaris Energy, Ltd (ASX:PV1) as its Chair since 2022, Sierra Rutile Holdings Ltd (ASX:SRX) as its Chair since
2022, Power & Water Corporation as a non-executive director since 2022, and SafetyIQ Pty Ltd as its Chair since 2023. His previous
directorship experience includes serving as Chair of Hunter Water Corporation from 2021 to 2024, as Board Deputy Chair for The Electricity
Networks Corporation (T/A Western Power) from 2015 to 2024, as Chair of One Rail Australia Limited from 2022 to 2023, Iluka Resources
Limited (ASX: ILU) from 2013 to 2022, and Spark Infrastructure RE (ASX: SKI) from 2017 to 2021. Mr. Martin has a Bachelor of Economics
from the University of Sydney and a Bachelor of Laws from the University of Technology, Sydney. Mr. Martin is a member of the Australian
Institute of Company Directors.

 We have determined that Mr. Martin is qualified
to serve as a member of our Board because of his significant experience as a public company executive.

 Steven Soles
has served as a director since 2025. Starting in November 2014, Mr. Soles has served as Chief Operating Officer and General Counsel to
Elmagin Capital LLC, a quantitative investment firm, which specializes in the U.S. wholesale electricity markets. In this role, he oversees
operational, legal, and regulatory functions leveraging his experience in the legal, energy, and financial industries. Prior to this,
Mr. Soles served as Vice-President and General Counsel to TFS Capital, LLC from 2011 to 2017. Mr. Soles earned a Bachelor's degree
from West Chester University and a Juris Doctor degree from Villanova University.

 We have determined that Mr.
Soles is qualified to serve as a member of our Board because of his experience in legal, mergers and acquisitions, compliance, and transactional
matters.

 Involvement in Certain Legal Proceedings

 To the best of our knowledge,
none of our current directors or officers is a party and adverse to the Company or any of our subsidiaries, or has a material interest
adverse to the Company or any of our subsidiaries, in any material proceedings. To the best of our knowledge, none of our directors or
executive officers have been involved in any matters or proceedings during the past ten years as described in Item 401(f) of
Regulation S-K that would be material to an evaluation of their ability or integrity in their roles. Such matters include bankruptcy,
criminal, judicial or administrative proceedings that resulted in a judgment, decree or final order enjoining the person from future violations
of, or prohibiting activities subject to, federal or state securities laws, or a finding of any violation of federal or state securities
or commodities laws, any laws respecting financial institutions or insurance companies, any law or regulation prohibiting mail or wire
fraud in connection with any business entity or been subject to any disciplinary sanctions or orders imposed by a stock, commodities or
derivatives exchange or other self-regulatory organization, except for matters that were dismissed without sanction or settlement.

 DELINQUENT SECTION 16(a) REPORTS

 Section 16(a) of
the Exchange Act requires our officers and directors, and persons who beneficially own more than ten percent of our common stock, par
value $0.001 per share ("Common Stock"), to file reports of ownership and changes of ownership of such securities with the
SEC. All reports were timely filed during the fiscal year ended December 31, 2024, except (i) that Mr. Saloom failed to timely
file (x) a Form 3 in connection with his appointment as General Counsel and Corporate Secretary of the Company on July 1, 2024 and (y)
two reports on Form 4 with respect to two transactions, each related to an award of RSUs and (ii) one Form 4 filing on behalf of Mr.
Mewawalla on July 3, 2024 to report the vesting and settlement of restricted stock units ("RSUs"), and the withholding of
shares of Common Stock for tax withholding obligations, on March 31, 2024.

 CORPORATE GOVERNANCE

 Code of Ethics

 We have adopted a Code of Ethics
that applies to all our directors, officers, and employees. The Code of Ethics is publicly available on our website at www.mawsoninc.com.
Amendments to the Code of Ethics and any grant of a waiver from a provision of the Code of Ethics will be disclosed on our website.

 Insider Trading Policy

 Our Board has adopted an Insider
Trading Policy, which applies to all of our directors, officers, and employees. The policy also applies to all independent contractors
or consultants who have access to material non-public information of the Company. The policy is reasonably designed to promote compliance
with insider trading laws, rules and regulations and any applicable listing standards. The policy prohibits our directors, officers, employees,
and relevant contractors and any entities they control from engaging in transactions in the Company's securities, including Common
Stock, restricted stock units and options, if those persons are holding material non-public information. It includes a number of exemptions,
such when there is a complying 10b5-1 plan in place. The policy also sets out particular blackout periods during which no trading may
occur, typically around the dates quarterly and annual reports are being prepared, until after they are filed with SEC. It is also the
policy of the Company to comply with all applicable securities laws when transacting in its own securities.

 Audit Committee

 The Board of Directors of the
Company (the "Board") has a standing Audit Committee. The Audit Committee met 14 times in 2024. The current members of the
Audit Committee are Greg Martin (Chair), Ryan Costello, and Steven Soles. Michael Hughes served as a member and Chair of the Audit Committee
until his resignation from the Board on April 3, 2025. The Audit Committee is responsible for assisting the Board in its oversight responsibilities
regarding the Company's accounting and financial reporting processes, the audits of the Company's financial statements, including
the integrity of the financial statements, and the independent auditors' qualifications and independence. The Audit Committee is
also responsible for overseeing the preparation of the report required by SEC rules for inclusion in the Company's annual proxy
statement, retaining and terminating the Company's independent auditors, approving in advance all audit and permissible non-audit
services to be performed by the independent auditors, reviewing the adequacy and effectiveness of the Company's internal controls,
disclosure controls and procedures, and complaints processes, reviewing internal audit matters (as applicable), performing as the legal
compliance committee, reviewing and discussing the Company's practices with respect to risk assessment and risk management, and
performing such other functions as required by applicable law, including the rules and regulations of the SEC and the listing standards
of NASDAQ. The Audit Committee is also tasked with developing a Company policy on approval of related party transactions and reviewing
and recommending to the Board for approval any transaction between the Company and any related person (as defined in Item 404 of
Regulation S-K).

 The Board has determined that
all the members of the Audit Committee are independent as defined under the rules of the NASDAQ Stock Market ("NASDAQ") and
the independence requirements contemplated by Rule 10A-3 of the Exchange Act.

 The Nominating and Corporate
Governance Committee, with concurrence from the Board, determined that Greg Martin meets the definition of an "audit committee financial
expert" within the meaning of SEC rules and is considered "independent" under applicable NASDAQ listing standards for
audit committee members.

 The Audit Committee has the
authority to obtain advice and assistance from, and receive appropriate funding from the Company for, outside legal, accounting, or other
advisors as it deems necessary to carry out its duties.

 The Audit Committee's
charter is available at the Company's website, at www.mawsoninc.com.

 ITEM 11. EXECUTIVE COMPENSATION.

 COMPENSATION PHILOSOPHY

 We are a technology company
that offers digital infrastructure platforms for artificial intelligence, high-performance computing and digital assets. Our innovation,
technology, and operational expertise enables us to operate and optimize digital infrastructure to accelerate the digital economy. The
Company has a strategy to prioritize the usage of carbon-free energy sources, including nuclear energy, to power its digital infrastructure
platforms and computational machines. Our goal is to align the interests of our leadership with the long-term interests of our stockholders,
and for this reason, a central component of the compensation of our NEOs is equity awards to motivate them to strive towards long-term
stockholder value. Given the dynamic nature of our industry and the ongoing transformation of the industry and the Company, our compensation
philosophy is intended to attract and retain talent and to be competitive to motivate such talent who have the necessary skills and leadership
experience to drive the Company towards its long-term strategic, financial, technological, and operational mission.

 During 2024, some of the Company's accomplishments
included the following:

 1.
 Digital colocation revenue increased 136% year-on-year.

 2.
 Energy management revenue increased 42% year-on-year.

 3.
 Overall revenue increased 36% year-on-year.

 4.
 Overall gross profit increased 35% year-on-year

 5.
 Generated positive cash flows from operations and was net cash flow positive at the end of 2024.

 6.
 Operating hash rate increased 31% year-on-year.

 7.
 Expanded current operational capacity to 129 MW with an additional 24 MW under development, with our
facilities being powered by 100% carbon-free energy.

 8.
 Operating capacity expansion was funded entirely through cash from operations.

 9.
 Grew digital colocation business to multiple enterprise-grade customers in 2024.

 10.
 Expanded into artificial intelligence (AI) and high-performance computing (HPC) markets.

 11.
 Strengthened management and technology team bringing expertise from Apple, Amazon Web Services, Nokia,
Yahoo, T-Mobile, and other technology companies.

 12.
 Significantly advanced the Company's strategic, operational and technological capabilities.

 SUMMARY COMPENSATION TABLE

 The following table summarizes
the compensation paid to our named executive officers ("NEOs").

 Name and Principal Position

 Year

 Salary

 ($)

 Bonus

 ($)

 Stock

 Awards (includes unvested and/or unsettled) ($)

 Option Awards ($)

 Non-Equity Incentive Plan Compensation ($)

 All Other Compensation ($)

 Total

($)

 Rahul Mewawalla

 2024

 825,000

 2,578,125
 (1)

 14,836,430
 (2)

 2,023,500
 (2)

 —

 —

 20,263,055

 CEO, President and Director

 2023

 447,115

 1,002,354

 9,387,892

 799,000

 —

 —

 11,636,361

 William 'Sandy' Harrison

 2024

 275,000

 —
 (3)

 1,251,175
 (4)

 —

 —

 —

 1,526,175

 Former Chief Financial Officer(3)

 2023

 153,846

 46,875

 362,473

 —

 —

 —

 563,194

 Kaliste
 Saloom General Counsel and Corporate Secretary(5)

 2024

 199,039
 (6)

 100,000
 (7)

 462,551
 (8)

 —

 —

 —

 761,590

 (1)
 Amount relates to bonus for performance in 2024 of which $859,375
was paid in 2024 and $1,718,750 was paid in 2025.

 (2)
 Mr. Mewawalla's stock awards have vesting and/or
settlement timelines that range through 2028 to align compensation with long-term stockholder value. Reflects the aggregate grant date
fair value of stock awards granted to the named executive officer in the applicable fiscal year computed in accordance with FASB ASC
Topic 718. Mr. Mewawalla was granted 3,069,528 RSUs on March 4, 2024 and the volume weighted average price (the "VWAP")
on March 4, 2024 of $1.51 has been used for the calculation of fair value of those awards in the table, 4,682,998 RSUs on July 1,
2024 and the VWAP on July 1, 2024 of $1.55 has been used for the calculation of fair value of those awards in the table, and 2,500,000
RSUs on September 9, 2024 and the VWAP on September 9, 2024 of $1.18 has been used for the calculation of fair value of those awards
in the table. Mr. Mewawalla was granted 1,750,000 options on July 1, 2024 and those options have specified threshold stock appreciation
targets that need to be achieved for those options to vest.

 (3)
 Mr. Harrison departed the Company on January 17, 2025.

 (4)
 Mr. Harrison's stock awards have vesting and/or settlement
timelines that range through 2028 to align compensation with long-term stockholder value. Reflects the aggregate grant date fair value
of stock awards granted to the named executive officer in the applicable fiscal year computed in accordance with FASB ASC Topic 718.
Mr. Harrison was granted 808,932 RSUs on July 1, 2024 and the VWAP on July 1, 2024 of $1.55 has been used for the calculation of fair
value of those awards in the table. Upon Mr. Harrison's departure from the Company, 792,508 RSUs were forfeited.

 (5)
 Mr. Saloom was appointed General Counsel and Corporate Secretary effective July 1, 2024.

 (6)
 Mr. Saloom received compensation of $90,866 prior to his appointment as General Counsel and Corporate
Secretary effective July 1, 2024.

 (7)
 Amount relates to bonus for performance in 2024, Mr. Saloom is expected to receive a bonus of $100,000
of which $50,000 will be in cash and $50,000 will be in RSUs.

 (8)
 Mr. Saloom's stock awards have vesting and/or settlement timelines that range through 2028
to align compensation with long-term stockholder value. Reflects the aggregate grant date fair value of stock awards granted to the named
executive officer in the applicable fiscal year computed in accordance with FASB ASC Topic 718. Mr. Saloom was granted 158,730 RSUs
on March 4, 2024 and the VWAP on March 4, 2024 of $1.51 has been used for the calculation of fair value of those awards in the table and
was granted 144,093 RSUs on July 1, 2024 and the VWAP on July 1, 2024 of $1.55 has been used for the calculation of fair value of those
awards in the table.

 Employment Agreements and Potential Payments Upon Termination or
Change in Control

 Employment Agreement with Our Chief Executive
Officer

 The Company and Mr. Mewawalla
entered into a written employment agreement dated May 22, 2023 in connection with Mr. Mewawalla's appointment as the Company's
Chief Executive Officer and President, which agreement was amended on July 19, 2023 and on December 26, 2023 (as amended, the "Mewawalla
Agreement"). The Mewawalla Agreement provides that Mr. Mewawalla shall receive a base salary, receive an annual bonus as determined
based on achievement of performance objectives, receive annual equity grants, participate in the Company's equity plans, and participate
in the Company's employee benefit plans as in effect from time to time on the same basis as generally made available to other senior
executives of the Company.

 In addition, the Mewawalla
Agreement provides for certain payments and benefits in the event of a termination of Mr. Mewawalla's employment under certain circumstances.
Under the Mewawalla Agreement, if Mr. Mewawalla is terminated by the Company for Cause (as defined in the Mewawalla Agreement) or by Mr.
Mewawalla without Good Reason (as defined in the Mewawalla Agreement), then Mr. Mewawalla is entitled to receive (i) any earned but unpaid
compensation, including unused paid time off, (ii) reimbursement for unreimbursed business expenses, (iii) any amounts or benefits to
which Mr. Mewawalla is then entitled under the terms of the benefit plans then sponsored by the Company in accordance with their terms
and (iv) full and immediate vesting and settlement acceleration of all equity, including stock options and restricted stock units, granted
prior to October 31, 2024 (all such amounts, the "Accrued Benefits"). If the Company is unwilling or unable to immediately
accelerate vesting and settlement of all equity and cover tax withholdings, the Company will provide payment in cash equivalent to the
value of such equity upon Mr. Mewawalla's election.

 The Mewawalla Agreement also
provides that if Mr. Mewawalla is terminated without Cause or by Mr. Mewawalla with Good Reason, he is entitled to receive severance including
(i) the Accrued Benefits, (ii) an aggregate cash amount equal to the sum of (x) one full year of base salary plus (y) an amount equal
to the Annual Target Bonus (as defined in the Mewawalla Agreement) for one full year, (iii) any bonus for the prior fiscal year that has
not yet been paid and (iv) a prorated portion of any annual bonus for the fiscal year in which the termination occurs (such amounts, the
"Severance Benefits"). In addition, the Mewawalla Agreement provides for full and immediate vesting and settlement acceleration
of all equity, including stock options and restricted stock units, and if the Company is unwilling or unable to immediately accelerate
vesting and settlement of all equity and cover tax withholdings, the Company will provide payment in cash equivalent to the value of such
equity upon Mr. Mewawalla's election.

 On July 19, 2023, an addendum
to the Mewawalla Agreement was executed granting Mr. Mewawalla additional benefits in the case where Mr. Mewawalla's employment
is terminated by the Company or by Mr. Mewawalla for Good Reason upon or post a change of control of the Company. In such event, the Company
will pay to Mr. Mewawalla payments and benefits that are twice (2x) the value of all the payments and benefits that would be payable if
Mr. Mewawalla had been terminated by the Company without Cause or by Mr. Mewawalla for Good Reason.

 On December 26, 2023,
a second addendum to the Mewawalla Agreement was executed reflecting that the Company did not make certain equity grants per the terms
and timelines it was obligated to and provides for certain compensatory benefits.

 On November 26, 2024, the Board,
based on the review and recommendation of the Compensation Committee, approved bonus compensation to Mr. Mewawalla, for his performance
during the Company's fiscal year ended December 31, 2024, consisting of an award of 1,235,030 RSUs under the Company's 2024
Omnibus Equity Incentive Plan (the "Equity Incentive Plan") and $2,578,125 as cash, which was paid on the following schedule:
(i) $859,375 in December 2024, (ii) $859,375 in January 2025, and (iii) $859,375 in February 2025.

 On December 19, 2024, the Board,
based on the review and recommendation of the Compensation Committee, approved a base salary increase for Mr. Mewawalla to $1,200,000
commencing on January 1, 2025. In reviewing and approving the change, the Compensation Committee and the Board considered, among other
factors, that Mr. Mewawalla is a high-performing CEO and President, the transformative nature of the Company, his skill-sets and contributions
and the long-term interests of the Company.

 Employment Agreement with Our Chief Financial
Officer

 The Company and Mr. Regan
accepted and entered into a written employment offer dated December 9, 2024 in connection with Mr. Regan's appointment as the Company's
Chief Financial Officer (the "Regan Agreement"). Under the Regan Agreement, Mr. Regan will receive an annual salary of $225,000,
and is eligible for an annual grant of RSUs equivalent to $100,000, and an annual performance bonus which may be a combination of cash
and equity, as determined by the Company and the Compensation Committee of the Board.

 Employment Agreement with Our General Counsel
and Corporate Secretary

 The Company and Mr. Saloom
accepted and entered into a written employment offer dated July 1, 2024 in connection with Mr. Saloom's appointment as the Company's
General Counsel and Corporate Secretary (the "Saloom Agreement"). Under the Saloom Agreement, Mr. Saloom will receive an annual
salary of $225,000, and is eligible for an annual grant of RSUs equivalent to $50,000, and an annual performance bonus which may be a
combination of cash and equity, as determined by the Company and the Compensation Committee of the Board.

 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 2024

 The following table sets forth information regarding
all outstanding equity awards held by NEOs at December 31, 2024.

 Option awards

 Stock awards

 Name

 securities
 underlying
 unexercised
 options
 (#)
 exercisable

 securities
 underlying
 unexercised
 options
 (#)
 unexercisable

 Equity
 incentive
 plan awards:
 securities
 underlying
 unexercised
 unearned
 options
 (#)

 Option
 exercise
 price
 ($)

 Option
 expiration
 date

 shares
 or units of
 stock
 that have
 not vested
 (#)

 Market value of
 shares of
 units of
 stock that
 have not
 vested
 ($)

 Equity
 incentive
 plan
 awards:
 unearned
 shares,
 units or
 other
 rights that
 have not
 vested
 (#)

 Equity
 incentive
 plan
 awards:
 Market or
 payout
 value of
 unearned
 shares,
 units
 or other
 rights that
 have not
 vested
 ($) (1)

 (a)

 (b)

 (c)

 (d)

 (e)

 (f)

 (g)

 (h)

 (i)

 (j)

 Rahul Mewawalla

 1,400,000

 350,000

 —

 0.55

 11/21/2033

 —

 —

 6,969,147

 5,784,392

 —

 1,750,000

 —

 1.58

 07/01/2034

 —

 —

 —

 —

 William 'Sandy' Harrison

 —

 —

 —

 —

 —

 —

 —

 792,508

 657,782

 Kaliste Saloom

 —

 —

 —

 —

 —

 —

 —

 302,823

 251,343

 (1)
 Market value of Unvested RSUs has been calculated by
multiplying the closing stock price as of December 31, 2024 which was $0.83 by the number of unvested RSUs held. The RSUs have no
exercise price.

 Equity Award Timing Practices

 The Compensation Committee
 does not take material nonpublic information into account when determining the grant date, vesting date or other terms and conditions
of equity awards, and does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive
compensation. The Compensation Committee typically makes equity awards at its committee meetings during the year. Throughout the year,
the Compensation Committee may also grant equity awards for a new hire, a significant promotion, change, update, or other circumstances.

 DIRECTOR COMPENSATION

 The following table details
the total compensation earned by our independent, non-employee directors during the year ended December 31, 2024. All amounts are
in U.S. dollars. Directors are paid an annual fee as cash compensation. In addition, non-employee directors of the Company are entitled
to receive an annual equity grant of restricted stock units under the Company's Equity Incentive Plan. Directors are entitled to
be reimbursed for all reasonable and properly documented expenses incurred in performing their duties in accordance with the Company's
policies. Unless otherwise agreed on termination as a director, Directors will only be entitled to such fees as may have accrued to the
date of termination. Mr. Mewawalla, the Company's CEO and President, does not receive any additional compensation for his services
as a director of the Company.

 Name

 Fees Earned
 or Paid in
 Cash
 ($)

 Stock
 Awards
 ($) (1)

 All Other
 Compensation
 ($)

 Total
 ($)

 Ryan Costello (2)

 147,436

 354,285

 —

 501,721

 Greg Martin (3)

 125,703

 125,363

 —

 251,066

 Michael Hughes (4)

 112,500

 125,363

 —

 237,863

 (1)
 Awards granted tied to directors' tenure until the
annual stockholders meeting in 2025, for which the amounts in this column were determined presuming earning of the entire award and using
the grant date fair value which was determined to be the probable outcome at the time of grant.

 (2)
 Mr. Costello was awarded 118,395 RSUs on March 4, 2024
and the VWAP has been used as of that date as the fair value of the awards and 113,473 RSUs on July 1, 2024 and the VWAP has been used
as of that date as the fair value of the awards.

 (3)
 Mr. Martin was awarded 81,052 RSUs on July 1, 2024 and
the VWAP has been used as of that date as the fair value of the awards.

 (4)
 Mr. Hughes was awarded 81,052 RSUs on July 1, 2024 and
the VWAP has been used as of on that date as the fair value of the awards. Mr. Hughes resigned from the Board on April 3, 2025.

 ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

 EQUITY COMPENSATION PLAN INFORMATION

 The following table provides information as of December 31,
2024, about the securities issued, or authorized for future issuance, under our equity compensation plans.

 Plan Category

 Number of Securities to be issued upon exercise (1)

 Weighted-average
exercise price of outstanding options and restricted stock units (2)

 Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))

 Equity compensation plans approved by security holders (3)

 17,750,976

 $
 1.07

 63,215
 (4)

 Equity compensation plans not approved by security holders

 Total

 17,750,976

 $
 1.07

 63,215
 (4)

 (1)
 Restricted stock units and options under the Equity Incentive
Plan and the Company's 2021 Equity Incentive Plan.

 (2)
 Exercise price for restricted stock units is nil. Average
exercise price of outstanding options is $1.07.

 (3)
 The Equity Incentive Plan contains an "evergreen"
provision, pursuant to which the number of shares of Common Stock reserved for issuance under the Equity Incentive Plan automatically
increases on January 1 of each year by an amount equal to the lesser of (i) 5,000,000 shares of Common Stock and (ii) a specified number
of shares of Common Stock as determined by the Board.

 (4)
 Includes shares of Common Stock available under the Equity
Incentive Plan and the Company's 2021 Equity Incentive Plan as of December 31, 2024 and does not reflect subsequent availability,
issuances or grants under the Equity Incentive Plan in 2025.

 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
AND MANAGEMENT

 The following table sets forth,
as of April 21, 2025, certain information concerning the beneficial ownership of our Common Stock by (i) each person known by us
to own beneficially 5% or more of the outstanding shares of each class, (ii) each of our directors, director nominees and named executive
officers, and (iii) all of our executive officers, directors and director nominees as a group. The table also sets forth, in its
final column, the combined voting power of the voting securities on all matters presented to the stockholders for their approval at the
Annual Meeting.

 The number of shares beneficially
owned by each 5% stockholder, director or executive officer is determined under the rules of the SEC, and the information is not necessarily
indicative of beneficial ownership for any other purpose. Under those rules, beneficial ownership includes any shares to which the individual
or entity has sole or shared voting power or investment power and also any shares that the individual or entity has the right to acquire
within 60 days after April 21, 2025 through the exercise of any stock option, warrant or other right, or the conversion of any security.
Unless otherwise indicated, each person or entity has sole voting and investment power (or shares such power with his or her spouse) with
respect to the shares set forth in the following table. The inclusion in the table below of any shares deemed beneficially owned does
not constitute an admission of beneficial ownership of those shares.

 Based solely on our review
of statements filed with the SEC pursuant to Section 13(d) and 13(g) under the Exchange Act, the Company is not aware of any other person
or group that beneficially owns more than 5% of any class of voting shares of the Company, except as noted below.

 Name and Address (1)

 Shares of Common Stock Beneficially Owned

 Percent of Common Stock (2)

 Directors, Director Nominees and Other Named Executive Officers

 Ryan Costello (3)

 183,473

 *

 Rahul Mewawalla (4)

 5,095,814

 Greg Martin (5)

 81,052

 *

 Steven Soles

 —

 —

 William Regan

 —

 —

 Kaliste Saloom

 106,762

 *

 William 'Sandy' Harrison (6)

 10,210

 *

 Current executive officers and directors as a group (6 persons) (7)

 5,477,311

 *
 Less than 1%.

 (1)
 Address for each named person is c/o 950 Railroad Ave., Midland,
PA 15059.

 (2)
 Based on 19,796,912 shares of Common Stock outstanding as
of April 21, 2025. In computing the number of shares of Common Stock beneficially owned by an individual or entity and the percentage
ownership of that individual or entity, we deemed to be outstanding all shares of Common Stock that the individual or entity has the
right to acquire within 60 days after April 21, 2025 through the exercise of any stock option, warrant or other right, or the conversion
of any security. We did not deem these shares outstanding, however, for the purpose of computing the percentage ownership of any other
individual or entity.

 (3)
 Includes 113,473 shares of Common Stock issuable on June
12, 2025 upon the vesting of a restricted stock unit award.

 (4)
 Includes 1,400,000 shares of Common Stock issuable upon the
exercise of stock options, and 833,333 shares of Common Stock issuable on May 22, 2025 upon vesting and settlement of a restricted stock
unit award.

 (5)
 Includes 81,052 shares of Common Stock issuable on June 12,
2025 upon the vesting of a restricted stock unit award.

 (6)
 Mr. Harrison departed the Company on January 17, 2025.

 (7)
 Includes the following amounts held by all executive officers
and directors, as a group: (i) 3,039,243 shares of Common Stock, (ii) 1,400,000 shares of Common Stock issuable pursuant to options exercisable
and (iii) 1,027,858 shares of Common Stock issuable pursuant to restricted stock units vesting within 60 days of April 21, 2025.

 CHANGE IN CONTROL

 There are no confirmed arrangements
known to us, including any pledge by any person of our securities, the operation of which may at a subsequent date result in a change
in control of the Company.

 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS, DIRECTOR INDEPENDENCE.

 Policies with Respect to Transactions with
Related Persons

 The Board has adopted a Related
Party Transactions Policy. The Audit Committee is responsible for reviewing and approving related party transactions in accordance with
the Related Party Transactions Policy.

 Our Related Party Transactions
Policy covers, with certain exceptions set forth in Item 404 of Regulation S-K under the Securities Act of 1933, as amended
(the "Securities Act"), any transaction, arrangement or relationship, or any series of similar transactions, arrangements
or relationships in which we were or are to be a participant, where the amount involved exceeds $120,000 and a related person had or will
have a direct or indirect material interest, including, without limitation, purchases of goods or services by or from the related person
or entities in which the related person has a material interest, indebtedness, guarantees of indebtedness and employment by us of a related
person. In reviewing and approving any such transactions, our Audit Committee is tasked to consider all relevant facts and circumstances,
including, but not limited to, whether the transaction is on terms comparable to those that could be obtained in an arm's length
transaction, the extent to which the Company may benefit from the transaction, the opportunity costs of not entering into the transaction,
and the extent of the related person's interest in the transaction.

 Certain Relationships and Related Transactions

 Except as set forth below with
relation to James Manning, a former Board director and executive of the company, the Company did not participate in any other related
party transactions during the fiscal year ended December 31, 2024 in which any of the directors, nominees, executive officers, any
beneficial owner of more than 5% of our Common Stock, nor any of their immediate family members, had a direct or indirect material interest.

 As set out above, our Audit
Committee Charter requires that members of the Audit Committee conduct a review of, and be responsible for the oversight of, all related
party transactions on an ongoing basis in line with our Related Party Transaction Policy.

 As previously disclosed in
the Company's SEC filings, the Audit Committee commenced an investigation in the third quarter of 2023 into potential related party
transactions involving former Board director and executive, Mr. Manning. Following the investigation, the Audit Committee reported
its initial findings to the Board on February 15, 2024. Based on the information obtained to date and Mr. Manning's repeated
refusal to either provide a full and complete disclosure of his related party transactions (or confirm the accuracy of prior related party
disclosures provided to the Company), the Audit Committee determined that there is a prima facie basis to conclude that Mr. Manning
did not fully and properly disclose all his related party transactions to the Company.

 Management and the Board are
in the process of winding down services that are or were provided by previously related parties. During the years ended December 31, 2024
and 2023, the Company has ended the services described below in relation to office costs, tax advisory services, accounting labor services,
executive employment, vehicle services and freight services, and has engaged non-related third parties where required and where possible
to provide those services going forward.

 On March 16, 2022, Luna Squares
LLC, a subsidiary of the Company, entered into a lease with respect to a property in the City of Sharon, Mercer County, Pennsylvania (the
"Sharon Lease") with Vertua Property, Inc. ("Vertua"), a wholly-owned subsidiary of Vertua Ltd. Mr. Manning is
a director of Vertua Ltd. and has a material interest in the Sharon Lease as a significant stockholder of Vertua Ltd. Mr. Manning's
family members also own interests in Vertua Ltd. The Sharon Lease was for a term of five years, and Luna Squares LLC had two options to
extend for five years each. Rent was subject to annual increases equal to the amount of the Consumer Price Index for the Northeast Region,
or 4%, whichever is higher. The base rental amount in the first year was $0.2 million. Depending on power energization and usage, variable
additional rent may have been payable, with charges ranging from $500 to $10,000 per month, depending on power energized and whether it
is available. The Company received a letter of termination from Vertua with respect to the Sharon Lease on February 2, 2024.

31, 2023, Mawson Infrastructure Group Pty Ltd. ("Mawson PL"), a subsidiary of the Company, paid Vertua Ltd. $155,230 for office
costs charged with a mark-up.

31, 2023, Mawson PL paid First Equity Tax Pty Ltd. (i) $56,036 for tax advisory services and (ii) $79,818 for accounting labor services.
Mr. Manning has interests in and is also a partner of First Equity Tax Pty Ltd.

31, 2023, Mawson PL paid Defender Investment Management Pty Ltd. $362,770 in lieu of paying Mr. Manning directly for his employment. Mr.
Manning is a director of, and his family members have equity interests in and control, Defender Investment Management Pty Ltd.

31, 2023, Mawson PL paid Manning Motorsports Pty Ltd. $35,495 for vehicle services. Mr. Manning has direct interests in and is a director
of Manning Motorsports Pty Ltd.

31, 2023, Mawson PL paid International Cargo Solutions, a division of Flynt ICS Pty Ltd. ("Flynt"), $1,248,747 for freight
services. Manning Capital Holdings Pty Ltd., a company associated with Mr. Manning, may have had debt interests in Flynt. Vertua Ltd.
entered into an agreement to acquire International Cargo Solutions, a division of Flynt, in October 2022.

 Board Determination of Director Independence

 The Board has reviewed the
materiality of any relationship that each of our directors has with the Company, either directly or indirectly. Based upon this review,
the Board has determined that Ryan Costello, Greg Martin and Steven Soles are "independent directors" as defined by NASDAQ.
Prior to his resignation from the Board on April 3, 2025, the Board had also determined that Michael Hughes qualified as an "independent
director" as defined by NASDAQ.

 With respect to the Audit Committee,
the Board has determined that Ryan Costello, Greg Martin and Steven Soles satisfy the independence standards established by Rule 10A-3
under the Exchange Act, and NASDAQ rules, as applicable.

 With respect to the Compensation
Committee, the Board has determined that Ryan Costello, Greg Martin and Steven Soles satisfy the independence standards established by
Rule 10C-1 under the Exchange Act and NASDAQ rules, as applicable.

 With respect to the Nominating
and Governance Committee, the Board has determined that Greg Martin, Ryan Costello and Steven Soles satisfy the independence standards
established by the Exchange Act and NASDAQ rules, as applicable. In making such determinations, the Board considered the relationships
that each such non-executive director or director nominee has with Mawson and all other facts and circumstances the Board deemed relevant
in determining their independence, including the beneficial ownership of common stock by each non-executive director.

 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

 Audit Fees

 Aggregate fees billed or expected
to be billed for the professional services of Wolf & Co for the years ended December 31, 2024 and 2023 in the following
categories and amounts are shown below.

 2024

 2023

 Audit Fees (1)

 505,000

 400,085

 Audit-Related Fees

 —

 —

 Tax Fees

 —

 —

 All Other Fees

 —

 —

 Total Fees

 $
 505,000

 $
 400,085

 (1)
 Includes fees for the audit of the Company's annual financial statements, review of financial statements included in the Company's
Quarterly Reports on Form 10-Q, and consents and comfort letters provided for various registration statements.

 Policy on Audit Committee Pre-Approval of Audit
and Permissible Non-Audit Services of Independent Auditors

 The Charter of the Audit Committee
requires that it pre-approve in advance all audit and permissible non-audit services to be provided by the Company's independent
auditors. Services requiring pre-approval in advance by the Audit Committee may include audit services, audit related services, tax services
and other permissible services. All of the services performed by the independent registered public accounting firm for the years
ended December 31, 2024 and 2023 were pre-approved in advance by the Audit Committee. The Audit Committee has determined that the
payments made to the independent registered public accounting firm for these services are compatible with maintaining such auditors'
independence.

 Our principal accountant's
full-time employees performed 100% of the work regarding the audit of our financial statements for the most recently completed fiscal
year.

 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

 (b) Exhibits

 Exhibit

Number

 Description

 3.1

 Certificate of Incorporation (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on April 5, 2012)

 3.2

 Certificate of Amendment to Certificate of Incorporation (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on July 18, 2013)

 3.3

 Certificate of Amendment to Certificate of Incorporation dated November 15, 2017 (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on November 21, 2017)

 3.4

 Certificate of Amendment to Certificate of Incorporation dated March 1, 2018 (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on March 5, 2018)

 3.5

 Certificate of Amendment to Certificate of Incorporation dated March 17, 2021 (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on March 23, 2021)

 3.6

 Certificate of Amendment to Certificate of Incorporation dated June 9, 2021 (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on June 14, 2021)

 3.7

 Certificate of Amendment to Certificate of Incorporation dated August 11, 2021 (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on August 16, 2021)

 3.8

 Certificate of Amendment to Certificate of Incorporation dated February 6, 2023 (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on February 9, 2023)

 3.9

 Certificate of Registration of a Company of Cosmos Capital Limited ACN 636 458 912 (Incorporated by reference to the Company's Registration Statement on Form S-1 (File No. 333-256947) filed with the SEC on June 9, 2021)

 3.10

 Constitution of Cosmos Capital Limited (Incorporated by reference to the Company's Registration Statement on Form S-1 (File No. 333-256947) filed with the SEC on June 9, 2021)

 3.11

 Bylaws (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on May 10, 2013)

 4.1

 Specimen Common Stock Certificate (Incorporated by reference to Company's Registration Statement on Form S-1 filed with the SEC on February 6, 2018)

 4.2

 Description of Securities (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on March 23, 2023)

 4.3

 Form of Series A Certificate of Designation (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on October 23, 2018)

 4.4

 Form of Series B Certificate of Designation (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on January 15, 2020)

 4.5

 Form of Series A and B Warrant (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on October 23, 2018)

 4.6

 Form of Warrant Agency Agreement (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on January 5, 2021)

 4.7

 Form of February 2021 Convertible Note (Incorporated by reference to the Company's Registration Statement on Form S-1 (File No. 333-256947) filed with the SEC on June 9, 2021)

 4.8

 Warrant issued to HC Wainwright (Incorporated by reference to the Company's Registration Statement on Form S-1 (File No. 333-256947) filed with the SEC on June 9, 2021)

 4.9

 Warrants issued to W Capital Advisors Pty Limited (Incorporated by reference to the Company's Registration Statement on Form S-1 (File No. 333-256947) filed with the SEC on June 9, 2021)

 4.10

 Form of Indenture (Incorporated by reference to the Company's Registration Statement on Form S-3/A (File No. 333-258299) filed with the SEC on August 5, 2021)

 4.11

 Warrant Agreement Dated October 1, 2021, with Computershare Inc., a Delaware corporation ("Computershare"), and its wholly-owned subsidiary, Computershare Trust Company, N.A. (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on October 1, 2021)

 4.12

 Form of Underwriter Compensation Warrant (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on October 1, 2021)

 4.13

 Form of Warrant (Incorporated by reference to the Company's Registration Statement on Form S-3 (File No. 333-260600) filed with the SEC on October 29, 2021)

 4.14

 Warrant Agreement between Mawson Infrastructure Group Inc and Celsius Mining LLC dated February 23, 2022 (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on March 1, 2022)

 4.15

 Form of Indenture (Incorporated by reference to the Company's Registration Statement on Form S-3 (File No. 333-264062) filed with the SEC on April 1, 2022)

 4.16

 Form of Secured Convertible Note (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on July 14, 2022)

 4.17

 Form of Warrant (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on July 19, 2022)

 4.18

 Form of Placement Agent Warrant (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on July 19, 2022)

 4.19

 Form of Common Warrant (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on May 8, 2023)

 4.20

 Form of Pre-Funded Warrant (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on May 8, 2023)

 4.21

 Form of Placement Agent Warrant (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on May 8, 2023)

 4.22

 Form of Warrant Amendment Agreement dated May 3, 2023 (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on May 8, 2023)

 10.1+

 2018 Equity Incentive Plan (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on February 28, 2018)

 10.2+

 Amendment to 2018 Equity Incentive Plan (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on August 21, 2018)

 10.3

 Form of Stock Restriction Agreement (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on January 19, 2021)

 10.4+

 Mawson Infrastructure Group Inc.2021 Equity Incentive Plan (Incorporated by reference to the Company's Registration Statement on Form S-8 filed with the SEC on August 17, 2021

 10.5

 Lease Agreement Between Mawson Infrastructure Group And Jewel Acquisition, LLC dated September 20, 2021 (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on September 21, 2021)

 10.6

 At The Market Offering Agreement between Mawson Infrastructure Group Inc. and H.C. Wainwright & Co., LLC dated May 27, 2022 (Incorporated by reference to Company's Current Report on Form 8-K filed with the SEC on May 27, 2022)

 10.7

 Securities Purchase Agreement, dated July 17, 2022, by and between Mawson Infrastructure Group and the purchases identified on the signature pages thereto (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on July 19, 2022)

 10.8

 Purchase and Sale Agreement, dated as of September 8, 2022, by and among CSRE Properties Sandersville, LLC, Luna Squares LLC, Mawson Infrastructure Group, Inc. and CleanSpark, Inc. (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on September 9, 2022)

 10.9

 First Amendment to Purchase and Sale Agreement by and among CSRE Properties Sandersville, LLC, Luna Squares LLC, Mawson Infrastructure Group, Inc. and CleanSpark, Inc., dated October 8, 2022 (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on October 11, 2022)

 10.10+

 Director Appointment Letter between the Company and Rahul Mewawalla dated January 31, 2023 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.11

 Form of Securities Purchase Agreement (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.12+

 Employment Agreement by and between Mawson Infrastructure Group Inc. and Rahul Mewawalla, dated May 22, 2023 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.13

 Letter Deed of Departure by and between Mawson Infrastructure Group Pty Ltd and James Manning, dated May 22, 2023 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.14+

 Chief Financial Officer Offer Letter and Exhibit A (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.15+

 Addendum to Employment Agreement by and between Mawson Infrastructure Group, Inc. and Rahul Mewawalla, dated July 19, 2023 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.16+

 Director Appointment Letter between the Company and Ryan Costello dated September 25, 2023 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.17

 Service Framework Agreement between Mawson Hosting LLC and CTG Colocation PA LLC, dated October 12, 2023 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.18+

 Addendum to Employment Agreement by and between Mawson Infrastructure Group, Inc. and Rahul Mewawalla, dated December 26, 2023 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.19

 Secured Loan Facility agreement between Mig No.1 Pty Ltd and Marshall Investment MIG Pty Ltd as a trustee for the Marshall Investments MIG Trust, dated on December 9, 2021 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.20

 Loan Deed between Mawson Infrastructure Group Ptd Ltd and W Capital Advisors Pty Ltd as trustee for W Capital Advisors Fund ABN 89 229 295 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.21

 Variation Deed to Loan Deed between Mawson Infrastructure Group Ptd Ltd and W Capital Advisors Pty Ltd as trustee for W Capital Advisors Fund ABN 89 229 295 (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 10.22

 Customer Service Addendum dated March 25, 2024, to the Customer Service Framework Agreement with Consensus Technology Group LLC dated October 12, 2023 (Incorporated by reference to the Company's Quarterly Report on Form 10-Q filed with the SEC on May 15, 2024)

 10.23+

 Mawson Infrastructure Group Inc. 2024 Omnibus Equity Incentive Plan (Incorporated by reference to Annex B to the Company's Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 30, 2024)

 10.24+

 Form Of Stock Option Grant Notice and Option Agreement Under Company's 2024 Omnibus Equity Incentive Plan (Incorporated by reference to Company's Quarterly Report on Form 10-Q filed with the SEC on August 19, 2024)

 10.25+

 Offer Letter with Kaliste Saloom (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on July 3, 2024)

 10.26

 Redacted Agreement between Mawson Hosting LLC and BE Global Development Limited (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on August 12, 2024)

 10.27

 Redacted LOI between Mawson Hosting LLC and BE Global Development Limited (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on August 12, 2024)

 10.28

 Lease Amendment between Mawson Infrastructure Group and Jewel Acquisition, LLC dated September 9, 2024 (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on September 11, 2024)

 10.29

 Marketing Service Agreement Letter by and between the Company and Outside the Box Capital, Inc., dated September 11, 2024 (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on September 11, 2024)

 10.30

 Sales Agreement Letter dated December 13, 2024, by and among Mawson Infrastructure Group Inc., Roth Capital Partners, LLC and A.G.P./Alliance Global Partners (Incorporated by reference to the Company's Current Report on Form 8-K filed with the SEC on December 13, 2024)

 19.1#

 Insider Trading Policy

 21.1§

 Subsidiaries of the Company

 23.1§

 Consent of Independent Registered Public Accounting Firm (Wolf & Company, P.C.)

 24.1§

 Power of Attorney

 31.1§

 Certification of Chief Executive Officer pursuant to Sec. 302 of the Sarbanes-Oxley Act of 2002

 31.2§

 Certification of Chief Financial Officer pursuant to Sec. 302 of the Sarbanes-Oxley Act of 2002

 31.3#

 Certification of Chief Executive Officer pursuant to Sec. 302 of the Sarbanes-Oxley Act of 2002

 31.4#

 Certification of Chief Financial Officer pursuant to Sec. 302 of the Sarbanes-Oxley Act of 2002

 32.1§

 Certification of Chief Executive Officer pursuant to 18 U.S.C. SECTION 1350

 32.2§

 Certification of Chief Financial Officer pursuant to 18 U.S.C. SECTION 1350

 97.1

 Clawback Policy (Incorporated by reference to the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2024)

 101§

 104§

 #

 Filed herewith

 §

 Previously filed or furnished with the Form 10-K

 Exhibits and schedules to this exhibit have been omitted pursuant to Item 601(b)(2) of Regulation S-K. We will furnish the omitted exhibits and schedules to the Securities and Exchange Commission upon request by the Securities and Exchange Commission.

 +

 Management compensatory plan.

 SIGNATURES

 Pursuant to the requirements
of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Form 10-K/A to be signed on its behalf
by the undersigned, thereunto duly authorized.

 Mawson Infrastructure Group Inc.

 Date: April 30, 2025

 By:

 /s/ Rahul Mewawalla

 Rahul Mewawalla

Chief Executive Officer, President, Director
(Principal Executive Officer)

 Date: April 30, 2025

 By:

 /s/ William Regan

 William Regan

Chief Financial Officer

 (Principal Financial and Accounting Officer)

 515-0896 1-412 0001218683 true FY

 0001218683

 2024-01-01
 2024-12-31

 0001218683

 2024-06-28

 0001218683

 2025-03-03