MGT Capital Investments Inc
mgtci.comWhat Do They Do?
Provided hosting services for third-party Bitcoin miners and mined Bitcoin using company-owned equipment.
10-K for FY2025, filed Mar 17, 2026The Company operates as a single reportable segment focused on digital currency data center operations, which consisted of two primary…View ↗
We receive revenues from third parties renting capacity at our facility and from hosting miners owned by others. Under these agreements…View ↗
The Company earns Bitcoin mining revenue from two primary sources: the operation of its owned miners and the operation of third-party owned…View ↗
How Do They Make Money?
Third-party miners rent facility capacity or use hosting services that supply power, infrastructure support, monitoring and maintenance. Mining pools provide Bitcoin rewards in proportion to MGT’s computing power when a block is added.
10-K for FY2025, filed Mar 17, 2026We receive revenues from third parties renting capacity at our facility and from hosting miners owned by others. Under these agreements…View ↗
The Company earns Bitcoin mining revenue from two primary sources: the operation of its owned miners and the operation of third-party owned…View ↗
In exchange for providing computing power, the Company is entitled to a fractional share of the fixed cryptocurrency award the mining pool…View ↗
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10-K for FY2025, filed Mar 17, 2026
FY2025 revenue by product or service ↗
$87K
-
10-K for FY2025, filed Mar 17, 2026
$87K ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Bitcoin Mining
Usage-based
10-K for FY2025, filed Mar 17, 2026 |
33%
FY2022: 21%
|
Bitcoin Mining, FY2025
$29K Sources
|
Usage-based |
|
Hosting Services
Recurring
10-K for FY2025, filed Mar 17, 2026 |
67%
FY2022: 79%
|
Hosting Services, FY2025
$58K Sources
|
Recurring |
Who Are Their Customers?
Third-party Bitcoin miners rent facility capacity or place their equipment at the company’s facility for power, infrastructure support, monitoring and maintenance.
10-K for FY2025, filed Mar 17, 2026We receive revenues from third parties renting capacity at our facility and from hosting miners owned by others. Under these agreements…View ↗
10-K for FY2025, filed Mar 17, 2026
For the year ended December 31, 2025, one customer accounted for 67% of the Company’s total revenue. For the year ended December 31, 2024…View ↗
Do Revenues Turn Into Profits?
No. It lost $219K in FY2025.
10-K for FY2025, filed Mar 17, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 7, 2026
−$2.8MView ↗
- ▼ Now a loss
- vs $446K in Q2 FY2025
Shrinking. Revenue fell 90% in 4 years, from $883K in FY2021 to $87K in FY2025, about 44% a year.
Mining and hosting operations ended
The earlier report describes self-mining and hosting at a company-owned facility, with plans to expand those operations. The latest report says active mining and hosting ended, the facility was sold, and the remaining miners are stored while management reviews their use.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 17, 2026In March 2025, the lease with our largest hosting customer expired, and we discontinued our remaining self-mining activities.View ↗
On May 13, 2025, we completed the sale of our LaFayette, Georgia facility, including several acres of land, electrical infrastructure, and…View ↗
As of December 31, 2025, the Company continues to own 35 Antminer S19 Pro miners, providing about 3 Ph/s in potential hash power. These…View ↗
As of March 2025, we ceased all self-mining operations and the lease with our largest hosting customer expired. In May 2025, we sold our…View ↗
Who Do They Compete With?
Competes with Bitmain, Riot Platforms, and Marathon Digital Holdings
10-K for FY2025, filed Mar 17, 2026Industry Competition: As a Bitcoin mining company our industry was very new and subject to rapid change and constant innovation. We faced…View ↗
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