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MGT Capital Investments, Inc.
- Market Cap
- Unavailable
- Price
- $0.0016
- % Change (Daily % change from the live per-ticker quote feed.)
- +14.29%
- Volume
- 80.1K
About
MGT Capital Investments, Inc. is a company primarily engaged in the cryptocurrency mining industry, focusing on the extraction and subsequent sale of Bitcoins. As of March 31, 2022, its operational assets included 430 Antminer S17 pro Bitcoin miners and an additional 35 Antminer S19 pro machines. Beyond its own mining efforts, the firm also generates revenue by leasing physical space to other Bitcoin miners and providing equipment hosting services for owners of such hardware. The company was founded in 1977 and maintains its corporate headquarters in Raleigh, North Carolina.
Quick stats
Shares outstanding—
Computed float948.5M
Float / sharesUnknown
Cash runway (months)-1.8
Key info
SectorFinancial Services
IndustryFinancial - Capital Markets
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001001601
Websitehttps://www.mgtci.com
AI Summary
AI-generated1/2
minorbullishoperations update
MGT Capital Investments Engages B. Riley Securities as Exclusive Financial Advisor to Support Strategic Growth Initiatives
MGT Capital Investments retained B. Riley Securities as its exclusive financial advisor to assist in identifying acquisition targets and sourcing strategic capital.
The initiative will primarily focus on high-growth sectors such as artificial intelligence, data center infrastructure, and robotics.
Interim CEO Jonathan Pfohl stated that the engagement follows a recent restructuring to eliminate debt and enhance the board, marking a new chapter for the company.
Red flags
- Company describes itself as evaluating strategic corporate alternatives with no primary operations defined
- Leadership held by an Interim CEO