Mawson Infrastructure sues creditors over involuntary bankruptcy filing

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) filed an adversary proceeding in U.S. Bankruptcy Court for the District of Delaware seeking damages from creditors who filed an involuntary bankruptcy petition against the company in December 2024.

The complaint targets W Capital Advisors Pty Ltd, Marshall Investments GCP Pty Ltd, Rayra Pty Ltd, and affiliated individuals, alleging they engaged in a coordinated campaign that caused financial harm to Mawson. The company claims it suffered approximately $23 million in market capitalization loss in one day, along with reputational damage and millions in legal expenses.

The involuntary bankruptcy petition was dismissed with prejudice on November 4, 2025, and the court preserved Mawson's right to pursue remedies against the petitioning creditors. The company now seeks compensatory and punitive damages, sanctions, and injunctive relief under 11 U.S.C. § 303(i).

"This filing is about protecting shareholder value and holding the responsible parties accountable for their egregious misconduct," said Kaliste Saloom, Mawson's Interim CEO and General Counsel. "We are committed to pursuing full recovery to protect our shareholders' investment."

Mawson operates digital infrastructure platforms for AI, high-performance computing, and digital asset mining. The company has 129 megawatts of capacity online and focuses on carbon-free energy resources including nuclear power for its operations.

The information was disclosed in a company press release.

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