---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-000513"
form_type: "8-K"
ticker: "BGDE"
cik: "0001218683"
company_name: "Big Digital Energy, Inc."
filed_at: "2025-01-29T23:59:59+00:00"
generated_at: "2026-05-27T06:31:42.892879+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mawson receives Nasdaq MVLS non-compliance notice; arbitrator grants Celsius $8.1M against subsidiary

## Summary
- Nasdaq notified Mawson that MVLS was below $35M for 33 consecutive business days; 180-day cure period ends July 23, 2025.
- Arbitrator granted Celsius $8.144M plus interest and attorney fees against subsidiary Luna Squares; company guarantee not litigated.
- Mawson's counterclaims against Celsius for $6.96M unpaid invoices and $115M breach of contract remain pending.
- Stock continues trading on Nasdaq under symbol MIGI; no immediate delisting effect.

## SEC filing metadata
- accession: 0001171843-25-000513
- form_type: 8-K
- ticker: BGDE
- cik: 0001218683
- company_name: Big Digital Energy, Inc.
- filed_at: 2025-01-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1218683/000117184325000513/0001171843-25-000513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1218683/000117184325000513/f8k_012925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-000513
- JSON: https://secwatch.observer/filing/0001171843-25-000513.json
- Plain text: https://secwatch.observer/filing/0001171843-25-000513.txt

## Source-grounded claims
- claim_id: f0c117a10e1fcd606ad673135a9523cac65aede7
  claim: Big Digital Energy, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).
  evidence_excerpt: January 24, 2025, Mawson Infrastructure Group Inc. (the “Company”) received written notice (the “MVLS Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying
  evidence_url: https://www.sec.gov/Archives/edgar/data/1218683/000117184325000513/0001171843-25-000513-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.