MGTI
Industry:
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DESCRIPTION

MGT Capital Investments was a Bitcoin mining and hosting company that has since wound down its operations. MGT historically operated a facility in LaFayette, Georgia, where it mined Bitcoin for its own account and hosted third-party miners by providing power and infrastructure. In self-mining, MGT ran its own ASIC hardware to earn Bitcoin block rewards, with revenue driven by Bitcoin's price, electricity costs, and MGT's share of total network hash rate. In hosting, MGT charged third-party customers a fee to use its facility's power and infrastructure. Both business lines are now defunct: MGT's largest hosting customer's lease expired in March 2025, self-mining stopped at the same time, and MGT sold its LaFayette facility in May 2025 for $1.35M. MGT's only remaining operational asset is 35 Antminer S19 Pro miners in storage, representing roughly 3 Ph/s of potential mining capacity. The company has two full-time employees, no current revenue-generating operations, and is conducting a strategic review focused on potential mergers, acquisitions, or new business lines.

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