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MGTI on OTC

MGT CAPITAL INVESTMENTS, INC.

MGT CAPITAL INVESTMENTS, INC. is an American finance services company that raised $450,000 in 2026 (SEC Form D).2 It is headquartered in Raleigh, United States.2 Its shares trade on OTC under the symbol MGTI.2

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Last updated Oct 21, 2026.

Overview

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  • TickerMGTI on OTC2
  • IndustryFinance Services2
  • HeadquartersRaleigh, United States2
  • Incorporated inDE3
  • Business address540 Montreal Ave, Suite 133, Melbourne, Fl 329353
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300EH610Z87Y6MI042
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O VCORP SERVICES, LLC, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 32853992

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March 2025, the lease with our largest hosting customer expired, and we discontinued our remaining self-mining activities.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-916.1%Operating margin5
-251.7%Net margin5
-73.0%Revenue growth, 20255
-$2.3MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Hosting Services brought in 67% of the revenue MGT CAPITAL INVESTMENTS, INC. broke down this way in fiscal 2025.

  1. Hosting Services$58.0K567%down 68% from 2024
  2. Bitcoin Mining$29.0K533%down 80% from 2024
Products and services by year
Products and services202320242025
Hosting Services$324.0K$179.0K$58.0K
Bitcoin Mining$75.0K$143.0K$29.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$87.0K

Out of $87.0K in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$87.0K in 2025−81% since 2019
0$500.0K$1.0M$1.5M2019: $450.0K$450.0K20192020: $1.4M$1.4M2020+219%2021: $883.0K$883.0K2021−38%2022: $809.0K$809.0K2022−8%2023: $399.0K$399.0K2023−51%2024: $322.0K$322.0K2024−19%2025: $87.0K$87.0K2025−73%
Operating income6789105-$797.0K in 2025−89% since 2019
-$8.0M-$6.0M-$4.0M-$2.0M02019: -$7.5M-$7.5M20192020: -$2.9M-$2.9M2020−62%2021: -$1.8M-$1.8M2021−38%2022: -$2.5M-$2.5M2022+39%2023: -$1.4M-$1.4M2023−42%2024: -$1.1M-$1.1M2024−22%2025: -$797.0K-$797.0K2025−29%
Net income6789105-$219.0K in 2025−98% since 2019
-$10.0M-$5.0M0$5.0M$10.0M2019: -$8.8M-$8.8M20192020: -$3.9M-$3.9M2020−56%2021: -$1.5M-$1.5M2021−60%2022: -$6.0M-$6.0M2022+288%2023: -$6.1M-$6.1M2023+3%2024: $5.5M$5.5M20242025: -$219.0K-$219.0K2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Total revenue$87.0K$322.0K
Cost of revenue$89.0K$395.0K
General and administrative$795.0K$1.1M
Total operating expenses$884.0K$1.4M
Operating loss-$797.0K-$1.1M
Interest expense-$143.0K-$303.0K
Change in fair value of warrant derivative liability$4.2M
Change in fair value of derivative liability$3.0M
Accretion of debt discount-$6.0K-$199.0K
Gain on sale of property and equipment$676.0K
Gain on settlement of debt$15.0K
Other income$51.0K$6.0K
Total non-operating income$578.0K$6.6M
Net (loss) income-$219.0K$5.5M
Basic net (loss) income per share$0.00$0.00
Diluted net (loss) income per share$0.00$0.00
Basic, weighted average number of common shares outstanding3.0B shares1.3B shares
Diluted, weighted average number of common shares outstanding3.0B shares1.3B shares

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Corporate structure

MGT CAPITAL INVESTMENTS, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of MGT CAPITAL INVESTMENTS, INC.

  • BRC Group Holdings, Inc Filed SCHEDULE 13G on MGT CAPITAL INVESTMENTS, INC., latest Aug 7, 2026
  • Project Nickel LLC Filed SCHEDULE 13D/A on MGT CAPITAL INVESTMENTS, INC., latest Aug 4, 2026 (4 filings since Nov 8, 2024)
  • Michael Onghai Filed SCHEDULE 13D on MGT CAPITAL INVESTMENTS, INC., latest Oct 1, 2025
  • Bucktown Capital LLC Filed SC 13G/A on MGT CAPITAL INVESTMENTS, INC., latest Nov 22, 2024 (2 filings since Jan 17, 2023)
  • Streeterville Capital LLC Filed SC 13G/A on MGT CAPITAL INVESTMENTS, INC., latest Nov 21, 2024 (2 filings since Jan 17, 2023)
  • MINERSET FARMS INC Filed SC 13D/A on MGT CAPITAL INVESTMENTS, INC., latest Oct 25, 2024 (2 filings since May 30, 2024)
  • MGT CAPITAL INVESTMENTS, INC. Raleigh, North Carolina, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What MGT CAPITAL INVESTMENTS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$70.0K5 Dec 31, 2025$1.7M5 Dec 31, 2024−95.9%
Accumulated depreciation$70.0K5 Dec 31, 2025$1.0M5 Dec 31, 2024−93.1%
Property and equipment, net$713.0K5 Dec 31, 2024$907.0K10 Dec 31, 2023−21.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$103.0K5 Dec 31, 2025$6.0K5 Dec 31, 2024+1616.7%

Properties, in its own words

Our principal corporate office is located in Melbourne, FL under a month-to-month agreement.

Until May 2025, our operations were conducted at a Bitcoin mining and hosting facility situated on six acres in LaFayette, Georgia, which we acquired in May 2019. On May 13, 2025, we sold this facility. Following the sale, we do not own or lease any material real property and currently operate from our corporate office.

Item 2 of the 10-K filed Mar 17, 2026.4

Leadership

Who has led MGT CAPITAL INVESTMENTS, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brown Tim Paterson2007
  2. Robert Ladd2011–2018
  3. Hugh Robert Holmes2019
  4. Jonathan M. Pfohl2025–now

Chair

  1. Brown Tim Paterson2007

President

  1. Robert Ladd2012–2018
  2. Hugh Robert Holmes2019

Chief financial officer

  1. Glyn Collen Thomas2006
  2. Allan Rowley2006
  3. Robert Paul Traversa2011
  4. Robert Ladd2016–2017
  5. Robert S. Lowrey2018
  6. Jonathan M. Pfohl2025–now
2010201520202025
Board members and other officers (13)

Former names

  • MGT CAPITAL INVESTMENTS INCJan 19, 2007 to Aug 15, 20183
  • MEDICSIGHT INCNov 14, 2002 to Jan 8, 20073
  • HTTP TECHNOLOGY INCOct 20, 2000 to Oct 28, 20023
  • INTERNET HOLDINGS INCDec 14, 1999 to Aug 14, 20003
  • CHINA BIOMEDICAL GROUP INCAug 15, 1996 to May 11, 19983

Timeline

  1. Jul 6, 20268-K Entered a material agreement; Unregistered sale of shares; Executive or director change35
  2. May 11, 20268-K Entered a material agreement; Unregistered sale of shares36
  3. Feb 10, 20268-K Entered a material agreement; Unregistered sale of shares37
  4. Dec 31, 20258-K Entered a material agreement; Unregistered sale of shares38
  5. Sep 26, 20258-K Entered a material agreement; Ended a material agreement; New debt or obligation39
  6. Sep 25, 2025New chief executive Jonathan M. Pfohl becomes CEO13
  7. Aug 28, 20258-K Bylaws or fiscal year changed40
  8. Jul 1, 20258-K Executive or director change41
  9. Jun 5, 20258-K Executive or director change42
  10. May 19, 20258-K Entered a material agreement43
  11. Nov 4, 20248-K Entered a material agreement; Ended a material agreement; New debt or obligation44
  12. Sep 5, 20248-K Executive or director change45
  13. Jun 27, 20248-K Unregistered sale of shares46
  14. Jan 3, 2019New chief executive Hugh Robert Holmes becomes CEO14
  15. Dec 30, 2011New chief executive Robert Ladd becomes CEO15
  16. Jul 10, 2007New chief executive Brown Tim Paterson becomes CEO16
  17. Sep 22, 2000Founded MGT CAPITAL INVESTMENTS, INC. is founded2

Filings

88 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 23 major events, 9 insider forms, 12 large holders, 2 private raises, 22 other. The latest 20:

  1. Aug 24, 20263 EDGAR
  2. Aug 7, 202610-Q EDGAR
  3. Aug 7, 2026SCHEDULE 13G EDGAR
  4. Aug 4, 2026SCHEDULE 13D/A EDGAR
  5. Aug 4, 20264 EDGAR
  6. Jul 6, 20268-K EDGAR
  7. Jul 6, 2026SCHEDULE 13D/A EDGAR
  8. Jul 2, 20264 EDGAR
  9. May 11, 20268-K EDGAR
  10. May 7, 202610-Q EDGAR
  11. Apr 21, 2026D EDGAR
  12. Mar 17, 202610-K EDGAR
  13. Feb 10, 20268-K EDGAR
  14. Jan 8, 2026D EDGAR
  15. Dec 31, 20258-K EDGAR
  16. Dec 12, 202510-Q EDGAR
  17. Dec 5, 202510-Q EDGAR
  18. Dec 3, 202510-Q EDGAR
  19. Nov 10, 202510-K EDGAR
  20. Oct 1, 2025SCHEDULE 13D EDGAR

The 88 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 4 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 31, 2026DAXvest LLC10% ownerSale3,250,000$0.10$325.0KForm 4
Jun 30, 2026Project Nickel LLC10% ownerBuy3,250,000Form 4
Sep 23, 2025Onghai MichaelDirectorBuy500,000,000Form 4
Sep 23, 2025PFOHL JONATHAN MINTERIM CEO & CFOBuy100,000,000Form 4
Sep 22, 2025DAXvest LLC10% ownerBuy1,150,000,000Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$450.0K 2025–2026
Money received by yearMoney received by year, 2025–2026: $450.0K in all. Private raises (Form D) $450.0K.$0$200K$400K$600K2025 · Private raises (Form D): $425.0K20252026 · Private raises (Form D): $25.0K2026
Figures by year
YearPrivate raises (Form D)Total
2026$25.0K$25.0K
2025$425.0K$425.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Apr 8, 2026Raised $25,000 in a private offering of equity53 Form D: $500,000 offered in all Form D
  2. Dec 19, 2025Raised $425,000 in a private offering of equity54 Form D: $1 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Minot DeBlois Advisors LLC34,000$540.0%New
Vima LLC18,000$290.0%New
Hantz Financial Services, Inc.1,270$00.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How MGT CAPITAL INVESTMENTS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMGT CAPITAL INVESTMENTS, INC.1
  • CIK0001001601
  • Employer ID (EIN)13-41487254
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address540 Montreal Ave, Suite 133, Melbourne, FL 329351
  • Phone(914) 630-74301
  • Shares outstanding6,290,802,029 as of Aug 6, 202612
  • Public float$684.0K as of Jun 30, 20254
  • AuditorRBSM LLP, Larkspur, CA PCAOB ID 587; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 7, 19961
  • Filings832 in all: 8-K (272), 4 (90), 10-Q (78), 3 (40), CORRESP (26), 10-K (24), SC 13D/A (23), UPLOAD (22)1
    All 56 form types

    SC 13G (20), 8-K/A (15), DEF 14A (15), EFFECT (15), NT 10-Q (15), 10QSB (14), NT 10-K (12), PRE 14A (12), SC 13D (12), SC 13G/A (10), POS AM (8), 10-Q/A (7), D (7), S-1/A (7), S-3/A (7), 10KSB (6), PRE 14C (6), 424B5 (5), DEF 14C (5), 10-K/A (4), 10QSB/A (4), 424B3 (4), PRER14A (4), S-1 (4), S-3 (4), 424B2 (3), S-8 (3), S-8 POS (3), SCHEDULE 13D/A (3), 144 (2), DEFA14A (2), PRER14C (2), RW (2), 10KSB/A (1), 25-NSE (1), 25-NSE/A (1), 424B1 (1), 5 (1), 8-A12B (1), CERTAMX (1), CT ORDER (1), DEFM14C (1), NT 10-K/A (1), NT 10-Q/A (1), PREM14C (1), SB-2 (1), SCHEDULE 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 17, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Feb 4, 2019
    Latest 8-K (8-K) Jul 6, 2026

Risk factors and legal proceedings

The risks MGT CAPITAL INVESTMENTS, INC. names in Item 1A of its 10-K filed Mar 17, 2026: 24 risks under these headings, as written.4

  • I. Risks Related to Our Current Operational Status and Strategic Transition
  • Our future depends on redeploying our existing assets and identifying and executing new business opportunities.
  • Our auditors have issued a “going concern” audit opinion expressing substantial doubt about our ability to continue as a going concern.
  • Our executive leadership has recently changed, and our business is now highly dependent on the continued services of our sole officer, which presents a significant risk.
  • II. Risks Related to Digital Assets and Remaining Mining Equipment
  • The value of our remaining assets and the feasibility of future mining are tied to the volatile price of Bitcoin.
  • Bitcoin is subject to Halving, meaning that the Bitcoin rewarded for solving a block will be reduced in the future and its value may not commensurately adjust to compensate us for such reductions, and the overall supply of Bitcoin is finite.
  • Bitcoin mining is subject to risks associated with our need for significant electrical power.
  • III. Risks Related to Our Financial Condition and Capital Structure
  • We will require significant additional capital to fund our transition which will cause substantial dilution.
  • Our common stock is deemed a “penny stock,” which makes it more difficult for our investors to sell their shares.
  • Our amended and restated certificate of incorporation allows for our board to create new series of preferred stock without further approval by our shareholders, which could adversely affect the rights of the holders of our common stock.
The other 12 risks
  • Substantial future sales of our common stock by us or by our existing shareholders could cause our stock price to fall.
  • There are substantial risks related to ownership of our common stock.
  • IV. General Risk Factors
  • The Company’s internal control of financial reporting has material weaknesses.
  • The Bitcoin we may mine may be subject to loss, damage, theft or restriction on access.
  • Incorrect or fraudulent cryptocurrency transactions may be irreversible.
  • Security threats to us could result in a loss of Company’s Bitcoin holdings.
  • We have not paid cash dividends in the past and do not expect to pay dividends in the future. Any return on investment may be limited to the value of our common stock.
  • Our director and officer liability insurance may not be sufficient to cover all potential liabilities and we may be required to incur substantial costs to maintain or renew such coverage.
  • We are subject to the information and reporting requirements of the Securities Exchange Act of 1934, and other federal securities laws, including compliance with the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”).
  • Public company compliance may make it more difficult to attract and retain officers and directors.
  • Economic downturns and market conditions beyond our control could adversely affect our business, financial condition and results of operations.
  • For these reasons and others, an investment in our securities is risky and you should invest only if you can withstand a total loss of, and wide fluctuations in, the value of your investment.

Legal proceedings

We are not currently engaged in any material legal proceedings. From time to time, in the normal course of business, we may be subject to legal claims and actions, including matters relating to employment, intellectual property, and other business issues. While we expect to continue incurring legal fees in connection with protecting our intellectual property rights, we are not aware of any pending claims or actions that, if determined adversely, would have a material adverse effect on our results of operations, financial condition, or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

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