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Is Mawson Infrastructure Group (MIGI) a Good Investment Choice?

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Horizon Kinetics LLC, an independently owned and operated investment adviser, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. With a long-term absolute return mindset, and based on first-hand research, the fund’s portfolios tend to be concentrated and avoid tracking or mimicking any benchmark or index. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Horizon Kinetics 1st/2nd Quarter Interim Commentary mentioned Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) and explained its insights for the company. Founded in 2012, Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) is a New South Wales, Australia-based digital infrastructure provider with an $80.4 million market capitalization. Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) delivered a -83.26% return since the beginning of the year, while its 12-month returns are down by -85.65%. The stock closed at $1.11 per share on July 13, 2022. 

Here is what Horizon Kinetics 1st/2nd Quarter Interim Commentary has to say about Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) in its Q1 2022 investor letter:

"Where does that much electric power for such a large project come from that quickly? Though not necessarily common knowledge, there is a great deal of both excess energy and produced electric power available in the U.S., at least in geographically or temporally (i.e., hour-of-day) localized ways. One of the two venture partners, Mawson Infrastructure Group (NASDAQ:MIGI), establishes mining facilities close to renewable energy sources, using modular, scalable facilities, as opposed to the conventional large, fixed-location data-center type buildings.

provider, network, datacenter, parallel, net, hardware, business, server, new, internet, tech, hub, broadband, cable, data, cords, port, socket, digital, adapter, rack,
provider, network, datacenter, parallel, net, hardware, business, server, new, internet, tech, hub, broadband, cable, data, cords, port, socket, digital, adapter, rack,

asharkyu/Shutterstock.com

Our calculations show that Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) was in 3 hedge fund portfolios at the end of the first quarter of 2022, compared to 2 funds in the previous quarter. Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) delivered a -73.88% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.