Mawson Infrastructure Group Announces Hiring of Head of Corporate Strategy and Head of Corporate Development

New Hires Enhance Mawson’s Continued Transformation, Growth Initiatives and Ecosystem Consolidation Opportunities

MIDLAND, Pa., May 09, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson,” or “the Company”), a digital infrastructure company, today announced that it has named Anurag Gandhi as Head of Corporate Strategy, and Vikram Murali as Head of Corporate Development, to enhance Mawson’s continued focus and transformation, strategic growth initiatives, and future ecosystem consolidation opportunities.

Rahul Mewawalla, CEO and President of Mawson, commented, “Following our recent announcement for plans to expand our Midland facilities and expand our digital infrastructure platforms to add further momentum to the growth of Mawson’s businesses, I am delighted to welcome Anurag and Vikram to the Mawson team. With the expected increase in demand for our digital infrastructure services moving forward, we plan to proactively assess and pursue strategic growth initiatives and ecosystem M&A opportunities as we drive Mawson’s continued transformation. We also look to advance our strategies for future industry opportunities post bitcoin halving, and as we see new token standards and protocols utilizing the Bitcoin network.”

Anurag Gandhi, has joined Mawson as Director of Corporate Strategy and leads corporate strategic and growth activities for the Company. Mr. Gandhi has previous corporate experience across Apple, T-Mobile, and Nike, and is a graduate of the University of Chicago Booth School of Business and has a Bachelor of Science in Management Science and Engineering from Stanford University. Mr. Gandhi commented, “Joining Mawson at this pivotal juncture presents a unique opportunity to contribute to the Company's ongoing transformation. As we navigate the evolving digital infrastructure platforms landscape, I look forward to working with the leadership team to identify and execute on opportunities that should further advance Mawson's position as an industry innovator.”

Vikram Murali, has joined Mawson as Director of Corporate Development and leads mergers and acquisitions (M&A) and corporate development activities for the Company. Mr. Murali was most recently an investment banker with Evercore, a global investment bank, with their M&A advisory practice. He is a graduate of the McCombs School of Business at the University of Texas at Austin and has a Bachelor of Science from Rice University. Mr. Murali commented, “I am excited to join Mawson during this pivotal time for both the Company and the industry. I look forward to working closely with the innovative and forward-looking leadership team at Mawson as we explore organic and inorganic growth opportunities that will further strengthen our market position and drive long-term value creation.”