MGT Capital Investments Inc (QB) (MGTI) Fundamentals

Description
MGT conducts cryptocurrency activities at a company-owned and managed Bitcoin mining facility in LaFayette, Georgia. Located adjacent to a utility substation, the several-acre property has access to about 20 megawatts (MW) of electrical power, half of which is presently utilized by the Company. Business activities are comprised of self-mining operations and leasing space to third parties. As of May 13, 2022, the Company owned 430 S17 Antminer Pro and 37 Antminer S19 Pro Bitcoin miners, however, three-quarters of the S17 miners require various repairs to be productive. We are in the process of selling our remaining S17 miners, as well as loose hash boards, power supplies, controller boards, and other parts. In addition to its self-mining operations, the Company leases its owned space to other Bitcoin miners and also provides hosting services for owners of mining equipment. These measures improve utilization of the electrical infrastructure and better insulate us against the volatility of Bitcoin mining. The entire facility, including the land and improvements, five 2500 KVA 3-phase transformers, three mining containers, and miners, are owned by MGT. We continue to explore ways to grow and maintain our current operations and are also investigating other geographic sites to develop into Bitcoin mining facilities.
Share Info
StatusActive
Market Cap$ 4,891,185
Shares Authorized2,500,000,000
Shares Outstanding660,970,903
Shares Outstanding Date08/01/2022
Shareholder Count363
Shareholder Count Date03/31/2022
Float632,000,000
Float Date12/31/2021
Short Interest2,585
Short Interest Date07/15/2022
Reporting Info
Reporting StatusSEC Reporting
BankruptNo
ShellNo
Audit StatusYes
AuditorRBSM LLP
Auditor Address805 3rd Avenue,
Suite 143C
New York, New York 10022
USA
Auditor Websitehttp://www.rbsmllp.com
IR Firm-
IR Firm Address-
IR Firm Website-
Legal CounselOlshan Frome Wolosky, LLP
Legal Counsel Address1325 Avenue of the Americas
15th Floor
New York, New York 10019
USA
Legal Counsel Websitehttp://www.olshanlaw.com
Fiscal Year End12/31
ADR Ratio-
Transfer AgentVStock Transfer LLC
Transfer Agent Address18 Lafayette Place
Woodmere, NY 11598
USA
Depository Websitehttp://www.vstocktransfer.com
SHO Flag-
3210 Flag-
Company Info
Ticker SymbolUSOTC:MGTI
OTC Market TierOTCQB
Security TypeCommon Stock
CIK Number0001001601
Address150 Fayetteville Street
Suite 1110
Raleigh, North Carolina 27601
CountryUSA
Phone(914) 630-7430
Fax #-
Websitehttp://www.mgtci.com
SIC Code / Description7374 / Data processing and preparation
Key ExecutivesCEO - Robert Ladd
Dir. - Michael Onghai
Number of Employees2
Incorporation StateDelaware
Incorporation CountryUSA
Incorporation Year-


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