Crunchyroll, an anime streaming site which is a major digital outlet for their own stream licensed titles and those of other companies have recently announced that after the initial broadcast of the “surprise smash hit of last year that still has people talking”, Crunchyroll has confirmed that they now have the rights to begin streaming Puella Magi Madoka Magica starting from the 15th February 2012, with an additional episode released every Wednesday at 10AM PST. This will be a sub only release (You will need to buy the DVD or Blu-ray to enjoy the English dub), and will be limited to North America only.
For those outside of North America, get onto your local distributor about picking up the license for the show if they have not already announced it. Over here in Australia, Madman Entertainment will be distributing it from April.