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2025-01-24
MIDLAND, Pa., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group, Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a publicly-traded technology company focused on digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets markets, notes that a media outlet earlier today falsely reported that the Company has filed a voluntary Chapter 11 petition. Rather, entities in Australia, including W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund and Marshall Investments MIG Pty Ltd as trustee for the Marshall Investments MIG Trust, have filed an involuntary Chapter 11 petition against the Company. The Company has not yet been formally served with an involuntary petition; however, if served, the Company’s Board of Directors intend to vigorously defend the Company against such a filing to the full extent of the law. Mawson expects to continue to operate as usual and execute its business plan accordingly. The Company has previously corresponded with W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund and its representatives, and the Company has expressed significant concerns about W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund and James Manning, a former board director and executive of the Company, being related parties. Neither W Capital nor James Manning have responded to the Company’s concerns in a manner satisfactory to the Company. James Manning is also the subject of an investigation by the Company’s Audit Committee related to his dealings with W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund – among several other matters – including current litigation with an entity related to Manning, Vertua Property Inc. (“Vertua”), regarding alleged self-dealing, breach of contract, and tortious interference with a business relationship. Notably, Vertua is a company not only related to James Manning, but also affiliated with Darron Wolter of W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund. The Company filed a complaint in The Court of Common Pleas of Mercer County, Pennsylvania (file number 2024-2332) on October 17, 2024 against Vertua as landlord for the Company’s Sharon, PA property for breach of the lease agreement and wrongful termination of the lease, as well as for tortious interference with a business relationship. The Company is seeking reinstatement of the lease, compensatory damages, disgorgement of revenue, and exemplary and punitive damages, as well as reimbursement for its costs and litigation expenses. As per the Company’s most recent 10-Q filing on November 14, 2024, W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund and Marshall Investments MIG Pty Ltd as trustee for the Marshall Investments MIG Trust had filed proceedings in Australia, and the Company believes that these entities are using such proceedings in an improper attempt to gain leverage in ongoing legal disputes between the parties. The Company believes that the filing of the involuntary Chapter 11 petition is a continuation of this pattern. The Company has previously reported through an 8-K filing on March 29, 2024 that the Company may seek to exit certain or all of its entities and holdings in Australia. The Company currently operates facilities in the United States of America and does not have any operating sites or assets in Australia. About Mawson Infrastructure Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company that offers digital infrastructure platforms for AI, HPC, and digital assets. The Company’s digital infrastructure platforms can be used to operate computing resources for a number of applications, and are offered across digital assets, artificial intelligence (AI), high-performance computing (HPC) and other computing applications. 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. For more information, please visit: https://www.mawsoninc.com . CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The Company cautions that statements in this report that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include the actions to be taken by the Petitioners and rulings and orders of the U.S. Bankruptcy Court for the District of Delaware (Delaware). More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K filed with the SEC on April 1, 2024, Quarterly Report on Form 10-Q filed with the SEC on May 15, 2024, August 19, 2024, November 14, 2024, and in other filings that the Company has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law. For more information, visit us at https://www.mawsoninc.com X / Twitter: Mawson (@Mawsoninc) / X (twitter.com) LinkedIn: https://www.linkedin.com/company/mawsoninc/ Facebook: Mawson Inc | Pittsburgh PA | Facebook YouTube: https://www.youtube.com/c/MawsonInc Vimeo: https://vimeo.com/mawsoninc Investor Contact: Investor Relations Team IR@mawsoninc.com Partnerships Contact: Partnerships Team Partnerships@mawsoninc.com Media Contact: Media Relations Team mediarelations@mawsoninc.comValley View Mall again loses power, closing 12 stores at 'the worst time'60 jili

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Thiruvananthapuram, The devastating landslides that wiped away three villages in Wayanad, Congress' thumping victory in the Lok Sabha polls and AICC general secretary Priyanka Gandhi Vadra's maiden electoral victory were the significant events that shaped the Kerala's socio-political scenario in 2024. The revelations of sexual abuse and harassment in the Malayalam film industry, brought to light by the Justice Hema Committee report, also stirred up the political pot due to the delay in disclosing the panel's findings, which followed allegations of rape against some key actors, including ruling CPI MLA and actor M Mukesh. On 30 July, massive landslides occurred in the Chooralmala and Mundakkai regions of Wayanad, triggered by torrential rains, resulting in over 200 deaths, numerous injuries, and thousands being left homeless. It is considered one of the worst natural disasters in Kerala's history. Hundreds were left buried under the debris and many had to be pulled out by rescue agencies, which included the Army. Some of the most heart-wrenching scenes, such as the phone conversations of many who cried and pleaded for rescue, emerged. They were either trapped in their homes or could not leave the place where they were left stranded. The calamity again brought into sharp focus the urgent need for better disaster management and preparedness in the southern state, which is being increasingly exposed to extreme weather events as climate change unfolds. But rehabilitation efforts lag behind, leaving the lives of survivors in disarray. The state government has claimed the delay was caused by the central government's lapse in providing funds. It has moved the court, questioning the union government's alleged discriminatory approach. In a relief to the state government, another hurdle in implementing rehabilitation efforts was addressed thanks to the Kerala High Court's intervention, which ruled it can acquire land from two private estates to build a model township for survivors of the landslide, dismissing the companies' petitions that challenged the government's decision. Kerala's political front threw up a few surprises as the ruling LDF saw electoral setbacks. In the Lok Sabha polls, the Congress-led United Democratic Front opposition defeated the CPI-headed Left Democratic Front . The UDF bagged 18 Lok Sabha seats, most of them with a thumping margin, while the Left could win only one seat. However, the BJP had a lot to cheer as the Lotus finally bloomed in the southern state. The saffron party won its first ever LS seat in Kerala, with the voters of Thrissur giving the thumbs up for actor-turned-politician Suresh Gopi. He scripted history by defeating both the LDF and the UDF in a triangular contest. Analysts say this change in political fortunes reflects the possible shifting of voter preference in the southern state. Kerala also saw Congress General Secretary Priyanka Gandhi Vadra's maiden electoral foray this year, after she triumphed in the Wayanad Lok Sabha bypoll in November with a thumping margin of over four lakh votes. She surpassed her brother Rahul Gandhi's victory margin recorded a few months earlier. The by-election was caused by the resignation of Rahul from the hill constituency as he had also won from Raebareli seat in Uttar Pradesh. In the Malayalam cinema world, a new script of shocking revelations unfolded, as the Justice Hema Committee report on sexual abuse made headlines. The executive committee of the actors' union Association of Malayalam Movie Artists , was dissolved as allegations of sexual assault and misconduct grew amid complaints from women against its members. Many actors, including Mukesh, Siddhique, and Edavela Babu had to face probe by a Special investigation team of Kerala police constituted to look into such allegations. Kerala lost one of its literary legends, MT Vasudevan Nair, on December 25. Popularly addressed as MT by his admirers, he was famous for taking Malayalam storytelling to remarkable heights and weaving narratives that captured human life's complex emotions in addition to the essence of the rural landscape of Kerala. MT was a renowned writer, screenwriter, and filmmaker who significantly influenced the cultural imagination of Kerala and left a lasting impact that extended far beyond to become one of India's most beloved literary figures. This article was generated from an automated news agency feed without modifications to text.

While the chance of a heated political discussion at your Thanksgiving table might be extra high this year, the chance of getting COVID at your family gathering is lower than it has been in the past several years. That’s even with millions of Californians . “The bottom line is that we’re in a very, very good place at this moment,” said Dr. John Swartzberg, clinical professor emeritus of infectious diseases and vaccinology at UC Berkeley. Going into the fifth year of post-COVID Thanksgiving festivities, levels of the virus are low statewide, and around most of the country. Santa Clara County’s wastewater testing, which measures levels of the virus in local sewer sheds, shows the virus at low levels across the county. Data from California’s public health department shows “RSV and influenza activity are low but increasing” and “COVID-19 is currently low in California,” according to data through November 16. As of this fall, California public health officials publish data on COVID, along with flu and RSV, in weekly respiratory virus updates. The update from the week before Thanksgiving shows the test positivity rates for influenza and RSV have started to rise, while COVID test positivity, hospitalizations and deaths remain low. “We went through a really late summer wave, and that really got a lot of Americans immunized,” Swartzberg noted, as a possible explanation for why COVID has yet to start surging this winter, typically a season when rates are high. In past winters, COVID started to surge in the weeks leading up to Thanksgiving. While rates are low now, the threat of COVID has hardly disappeared. While the risk has diminished, it still takes a devastating toll, killing Californians every day. Since June 30 of this year, the beginning of the respiratory virus season, . In the same time, 49 have died from influenza, and another 10 have died from RSV. And while COVID was once seen as less of a threat to young children than other respiratory illnesses, it has accounted for three pediatric deaths so far this season. Meanwhile, one pediatric death has been attributed to flu in the first four and a half months since the respiratory virus season began. The continued deadly threat of the virus is why public health officials continue to prioritize vaccination, especially for the most vulnerable, those most likely to have a bad outcome. But given rising skepticism around the COVID vaccine, many public health agencies are taking a different approach to encouraging people to get a shot. And those new approaches might be working this year, with vaccination rates up around the country compared to the same time the year before. But there is lots of progress to be made, said Swartzberg, adding that annual flu vaccine uptake is still much higher than for the COVID vaccine. Related Articles “Americans have it sort of backwards” Swartzberg said. “There are many more [Americans] immunized against influenza than COVID, yet COVID is a much more serious disease.” As of this week, 18% of eligible people in Santa Clara County had received an updated COVID vaccine, about twice the statewide vaccination rate of 9.6%. But this year. ”Even though our rates are low, we are still doing better than last year,” , adding that she and her agency are still looking for new strategies to encourage vaccination. “Our strategies are changing away from telling and more to listening and understanding,” she said.

DRIVERLESS Knight Rider-style buses are set to hit UK roads in days as thousands brace for the terrifying new concept. The self-driving motors will soon be zooming along the streets of Central Milton Keynes. Photographs of the StreetCAV, a 'plug-and-play' shuttle, show a pod-like vehicle with bars and handles like any normal bus. Except it's almost impossible to tell which end is the front, because there's no space for a driver's seat. Instead, the entire pod has room for passengers, with seats along either side and a central door. Before it is given the green light, the buses will be trialled in the city centre in December, MK Citizen reported. If successful, the vehicles should be ready to board its first passengers in 2025. The driverless shuttles are currently on display in the town's Smart City Experience Centre. Zenzic’s CAM Supply Chain UK programme was launched by the government to help bring the UK in the running for world-leader in development of self-driving vehicles. It has pumped money into the ambitious project, which will be lead by the Smart City Consultancy (SMCCL). “The StreetCAV project has been going for some time now so we are absolutely thrilled that it is finally at a stage where we can reveal it to the world," Ian Pulford, CEO at SMCCL, said. “Thanks to the partners we’ve been fortunate to involve in the project, we truly believe we have developed a solution which can change the future of urban mobility while making our towns and cities smarter, greener, and more inclusive. "We have also worked rigorously to ensure public safety. Working closely with Milton Keynes City Council, BT and ECS, we will establish a city centre control room, connected by a specifically designed communications network, provided by CableFree, which will in-turn allow the Ohmio vehicles to be supervised and managed remotely. “It really has been a fantastic project to work on and we can’t thank all of our partners and funders enough for their continued work and support.” Mark Cracknell, program director at Zenzic, added: “We are proud to have supported the development of StreetCAV and to have worked with all of the partners involved in this pioneering project. “Should the trial prove a success, it could lay the foundations for a more connected, inclusive, and resilient transportation network not only for Milton Keynes, but for towns and cities across the globe. “It is a perfect example of how, by working more collaboratively and bringing together industry, academia and the public sector, the UK can lead the way in accelerating the self-driving revolution.” The Sun Online has reached out to Milton Keynes Council for comment. Milton Keynes isn't the only town which could soon have driverless motors roaming around its streets. In early 2023, The Sun Online reported how self-driving, zero-emission shuttles will be piloted in Sunderland after receiving £6m in government and industry funding. The Sunderland Advanced Mobility Shuttle project added it would trial three self-driving Aurrigo Auto-Shuttles. A safety driver will be on board the shuttles just in case. These futuristic-looking vehicles will transport passengers on public roads between Sunderland Interchange, Sunderland Royal Hospital and the University of Sunderland City Campus. The initiative is led by Sunderland City Council in partnership with Aurrigo, Stagecoach, Angoka Ltf, Newcastle University and Bai Communications. The project has received a £3m government grant matched by industry pros - which totals £6m. Liz St Louis, director of Smart Cities at Sunderland City Council, said to Chronicle Live : "Leveraging the power of 5G technology and Sunderland’s leading smart city infrastructure. "The focus of our ambitious project partners is underpinned by an ethos of leaving no one and nowhere behind. "Connected and Automated Vehicles (CAVs) will provide huge social, industrial and economic benefits across the world and we’re hugely optimistic about a technology-fuelled future, powered by local expertise, right here in Sunderland."AP 12:21 JST, December 30, 2024 TBILISI, Goergia (AP) — Former soccer player Mikheil Kavelashvili was formally inaugurated as president of Georgia on Sunday, cementing the ruling party’s grip in what the opposition calls a blow to the country’s EU aspirations and a victory for former imperial ruler Russia. Outgoing pro-Western Georgian President Salome Zourabichvili said Sunday morning that she would vacate her residence at the Orbeliani Palace in Tbilisi, but insisted she was still the legitimate office holder. “I will come out of here, come out to you and be with you. ... This presidential residence was a symbol as long as there was a president here who was legitimate. I bring legitimacy with me,” Zourabichvili told a crowd of supporters outside the palace. She called Kavelashvili’s inauguration a “parody.” Kavelashvili, 53, who was the only candidate on the ballot, easily won the vote earlier in December given the Georgian Dream party’s control of a 300-seat electoral college that replaced direct presidential elections in 2017. It is made up of members of Parliament, municipal councils and regional legislatures. In his speech Sunday, Kavelashvili promised to be “everyone’s president, regardless of whether they like me or not.” He called for the nation to unite behind him around “shared values, the principles of mutual respect, and the future we should build together.” Georgian Dream retained control of Parliament in the South Caucasus nation in an Oct. 26 election that the opposition alleges was rigged with Moscow’s help. The party has vowed to continue pushing toward accession in the European Union but also wants to “reset” ties with Russia. Georgia’s outgoing president and main pro-Western parties have boycotted the post-election parliamentary sessions and demanded a rerun of the ballot. In 2008 Russia fought a brief war with Georgia, which led to Moscow’s recognition of two breakaway regions as independent, and an increase in the Russian military presence in South Ossetia and Abkhazia. Critics have accused Georgian Dream — established by Bidzina Ivanishvili, a shadowy billionaire who made his fortune in Russia — of becoming increasingly authoritarian and tilted toward Moscow, accusations the ruling party has denied. The party recently pushed through laws similar to those used by the Kremlin to crack down on freedom of speech and LGBTQ+ rights. Georgian Dream’s decision last month to suspend talks on their country’s bid to join the EU added to the opposition’s outrage and galvanized protests. Protesters in front of the parliament building on Sunday held red cards, in reference to Kavelashvili’s career in soccer. “Because today our president is a footballer, we are showing him a red card. The next step will be sending him off the pitch. The Georgian people will definitely do this, because it was a circus that they have held today in the parliament,” protester Sofia Shamanidi told The Associated Press. Zourabichvili, 72, was born in France to parents with Georgian roots and had a successful career with the French Foreign Ministry before President Mikheil Saakashvili named her Georgia’s top diplomat in 2004. Constitutional changes made the president’s job largely ceremonial before Zourabichvili was elected by popular vote with Georgian Dream’s support in 2018. She became sharply critical of the ruling party, accusing it of pro-Russia policies, and Georgian Dream unsuccessfully tried to impeach her. Zourabichvili has rejected government claims that the opposition was fomenting violence. “We are not demanding a revolution,” she told The Associated Press. “We are asking for new elections, but in conditions that will ensure that the will of the people will not be misrepresented or stolen again. Georgia’s opposition has mocked Kavelashvili for lacking higher education. He was a striker in the English Premier League for Manchester City and played for several clubs in the Swiss Super League. He was elected to Parliament in 2016 on the Georgian Dream ticket, and in 2022 co-founded the People’s Power political movement, which was allied with Georgian Dream and become known for its strong anti-Western rhetoric. Kavelashvili was one of the authors of a controversial law requiring organizations that receive more than 20% of their funding from abroad to register as “pursuing the interest of a foreign power,” similar to a Russian law used to discredit critical organizations. The EU, which granted Georgia candidate status in December 2023 on condition that the country meets the bloc’s recommendations, put its accession on hold and cut financial support in June following approval of the “foreign influence” law. Thousands of demonstrators converged on the parliament building every night after the government announced the suspension of EU accession talks on Nov. 28. Riot police used water cannons and tear gas almost daily to disperse and beat scores of protesters, some of whom threw fireworks at police officers and built barricades on the capital’s central boulevard. Hundreds were detained and over 100 treated for injuries. Several journalists were beaten by police and media workers accused authorities of using thugs to deter people from attending anti-government rallies, which Georgian Dream denies. The crackdown has drawn strong condemnation from the United States and EU officials.

Seoul, Dec 30 (IANS): World leaders have expressed condolences and solidarity with South Korea after the tragic airplane crash in Muan claimed more than 170 lives. In a statement released by the White House, US President Joe Biden on Sunday expressed his grief over the accident and pledged support to South Korea. "Jill and I are deeply saddened to learn of the loss of life that occurred as a result of the Jeju Airlines accident in Muan, South Korea. As close allies, the American people share deep bonds of friendship with the South Korean people, and our thoughts and prayers are with those impacted by this tragedy. The US stands ready to provide any necessary assistance," the White House statement said. Japanese Prime Minister Ishiba Shigeru extended his sympathies to the bereaved families on behalf of the government and the people of Japan. "I am deeply saddened by the loss of many precious lives due to the airplane accident that occurred in South Korea. On behalf of the Government and the people of Japan, I wish to express my sincere condolences for the loss of life and send my deepest sympathies to the bereaved families. My thoughts go out to all those who were injured, and I sincerely hope they will make a swift recovery," the statement from the Office of the Prime Minister of Japan said. India's External Affairs Minister, S Jaishankar, also expressed deep sorrow over the airplane crash. David Lammy, the United Kingdom's Secretary of State for Foreign, Commonwealth, and Development Affairs, and Penny Wong, Australia's Minister for Foreign Affairs, offered their condolences on the tragic accident. Chinese President Xi Jinping said he was "shocked" to learn of the crash, in a message to South Korea's acting President Choi Sang-mok. "I express our deep condolences to the victims, sincere sympathy for the victims' families, and wish those injured a speedy recovery," he said, quoted by China's state broadcaster CCTV. In a statement late on December 29, a spokesperson for Singapore's Foreign Affairs Ministry said: "The Singapore Government is saddened by the news of the tragic crash of Jeju Air Flight 2216 on December 29, 2024. We convey our deepest condolences to the government of South Korea and the families and loved ones of those who have perished. We wish the survivors a full recovery." "We are in contact with the South Korean authorities and there were no reports of Singaporeans on board the flight." EU Chief Ursula von der Leyen said she was "heartbroken to see images of the plane crash in Muan". "As your partner, Europe stands with you in this time of grief," the European Commission President said. Pope Francis, who visited South Korea a decade ago, told worshippers at the Vatican he joins "in prayer for the survivors and the dead". "My thoughts are with the many families in South Korea who are mourning today following the dramatic plane crash," Pope Francis said. France's Foreign Ministry said that Paris learnt "with great emotion the terrible toll" and sends condolences to the affected families. Germany's President Frank-Walter Steinmeier said the crash is "yet another blow to the nation's heart" after "a difficult period" -- alluding to weeks of political turmoil in Seoul. "This is an incredible loss and pain" for the friends and families of those killed, Steinmeier said. "Profoundly saddened by the tragic incident," Greece's Foreign Affairs Ministry said on X, sending condolences "during this difficult time". Earlier, the South Korean authorities confirmed that 179 people were killed and two people were rescued out of 181 aboard following a plane crash in South Korea's Muan region, Yonhap news agency reported. The incident occurred on Sunday morning when a Jeju Air passenger jet, carrying 175 passengers and six crew members, belly-landed and exploded at Muan International Airport, the Yonhap news agency reported. The aircraft veered off the runway while landing, with its landing gear not deployed, skidding across the ground, hitting a concrete wall, and bursting into flames. South Korea's acting President Choi Sang-mok, also declared Muan County a special disaster zone and visited the crash site to direct search operations. Jeju Air CEO Kim E-bae further issued an apology and expressed condolences to the victims' families, taking full responsibility for the incident. The airline has promised full support for the surviving families, including financial assistance, citing its $1 billion insurance plan. "Regardless of the cause, I take full responsibility as the CEO," Kim said.

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