MGTI on OTC
MGT CAPITAL INVESTMENTS, INC.
American finance services company that raised $450,000 in 2026 (SEC Form D). Summary from the record
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Last updated Oct 19, 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
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.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| 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 outstanding | 3.0B shares | 1.3B shares |
| Diluted, weighted average number of common shares outstanding | 3.0B shares | 1.3B shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2024-10-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $103.0K | $6.0K | |||
| Accounts receivable | $45.0K | ||||
| Other current assets | $3.0K | ||||
| Total current assets | $106.0K | $51.0K | |||
| Property and equipment, net | $713.0K | ||||
| Total assets | $106.0K | $764.0K | |||
| Accrued expenses and other payables | $333.0K | $473.0K | |||
| Security deposit | $45.0K | ||||
| Operating lease liability | $20.0K | ||||
| Common stock to be issued | $360.0K | $240.0K | |||
| Total current liabilities | $1.2M | $3.3M | |||
| Convertible note payable, net of unamortized discount of $44 | $1.2M | ||||
| Total liabilities | $2.4M | $3.3M | |||
| Common stock, $0.001 par value; 10,000,000,000 shares authorized; 4,640,670,903 and 2,490,670,903 shares issued and outstanding at December 31, 2025 and 2024, respectively. | $4.6M | $500.0K | $2.5M | ||
| Additional paid-in capital | $419.8M | $421.5M | |||
| Accumulated deficit | -$426.7M | -$426.5M | |||
| Total stockholders deficit | -$2.3M | -$2.5M | |||
| Total Liabilities and Stockholders Deficit | $106.0K | $764.0K | |||
| Unamortized debt discount | $44.0K | $44.0K | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized | 10.0B shares | 10.0B shares | 10.0B shares | ||
| Common stock, shares issued | 4.6B shares | 2.5B shares | |||
| Common stock, shares outstanding | 4.6B shares | 2.5B shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2024-10-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $103.0K | $6.0K | ||||
| Accounts receivable | $45.0K | |||||
| Other current assets | $3.0K | |||||
| Total current assets | $106.0K | $51.0K | ||||
| Property and equipment, net | $713.0K | |||||
| Total assets | $106.0K | $764.0K | ||||
| Accrued expenses and other payables | $333.0K | $473.0K | ||||
| Security deposit | $45.0K | |||||
| Operating lease liability | $20.0K | |||||
| Common stock to be issued | $360.0K | $240.0K | ||||
| Total current liabilities | $1.2M | $3.3M | ||||
| Convertible note payable, net of unamortized discount of $44 | $1.2M | |||||
| Total liabilities | $2.4M | $3.3M | ||||
| Common stock, $0.001 par value; 10,000,000,000 shares authorized; 4,640,670,903 and 2,490,670,903 shares issued and outstanding at December 31, 2025 and 2024, respectively. | $4.6M | $500.0K | $2.5M | |||
| Additional paid-in capital | $419.8M | $421.5M | ||||
| Accumulated deficit | -$426.7M | -$426.5M | ||||
| Total stockholders deficit | -$2.3M | -$2.5M | -$8.9M | |||
| Total Liabilities and Stockholders Deficit | $106.0K | $764.0K | ||||
| Unamortized debt discount | $44.0K | $44.0K | ||||
| Common stock, par value | $0.00 | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 10.0B shares | 10.0B shares | 10.0B shares | |||
| Common stock, shares issued | 4.6B shares | 2.5B shares | ||||
| Common stock, shares outstanding | 4.6B shares | 2.5B shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net (loss) income | -$219.0K | $5.5M |
| Depreciation | $39.0K | $194.0K |
| Interest | $211.0K | |
| Gain on sale of property and equipment | -$676.0K | |
| Change in fair value of warrant derivative liability | -$4.2M | |
| Change in fair value of derivative liability | -$3.0M | |
| Non-cash stock-based compensation | $20.0K | |
| Accretion of debt discount | $6.0K | $199.0K |
| Loss on settlement of debt | $15.0K | |
| Accounts receivable | $45.0K | -$28.0K |
| Prepaid expenses and other current assets | -$3.0K | |
| Accounts payable | -$74.0K | $163.0K |
| Accounts payable - related party | $30.0K | |
| Accrued expenses | -$84.0K | $276.0K |
| Security deposit | -$45.0K | |
| Net cash used in operating activities | -$991.0K | -$547.0K |
| Proceeds from sale of property | $1.4M | |
| Net cash provided by investing activities | $1.4M | |
| Proceeds from issuance of stock under lease agreement | $100.0K | $420.0K |
| Proceeds from sale of stock under equity purchase agreement | $300.0K | |
| Proceeds from loans payable | $26.0K | $125.0K |
| Repayment of loans payable | -$688.0K | |
| Net cash provided by (used in) financing activities | -$262.0K | $545.0K |
| Net change in cash and cash equivalents | $97.0K | -$2.0K |
| Cash paid for interest | $143.0K | $92.0K |
| Conversion of Series D Preferred stock into shares of common stock | $1.0K | |
| Issuance of common stock to a director | $56.0K | |
| Cashless exercise of warrants and extinguishment of related warrant derivative liability | $63.0K | |
| Issuance of Common Stock in respect of lease agreement | $276.0K | |
| Issuance of Common Stock in connection with exchange agreement | $29.0K | |
| Issuance of Common Stock in connection with note exchange agreement | $50.0K | $37.0K |
| Issuance of Preferred Stock in connection with exchange agreement | $31.0K | |
| Conversion of convertible note into common stock | $413.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led MGT CAPITAL INVESTMENTS, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
2010201520202025
- Chief executive officerJonathan M. Pfohl Sep 25, 2025 to now13
- Chief executive officerHugh Robert Holmes Jan 3, 2019 to Jan 3, 201914
- Chief executive officerRobert Ladd Dec 30, 2011 to Jun 19, 201815
- Chief executive officerBrown Tim Paterson Jul 10, 2007 to Nov 21, 200716
- ChairBrown Tim Paterson Jul 10, 2007 to Nov 21, 200716
- PresidentHugh Robert Holmes Jan 3, 2019 to Jan 3, 201914
- PresidentRobert Ladd Mar 15, 2012 to Jun 19, 201817
- Chief financial officerJonathan M. Pfohl Jun 10, 2025 to now18
- Chief financial officerRobert S. Lowrey Mar 9, 2018 to Aug 3, 201819
- Chief financial officerRobert Ladd May 31, 2016 to Jun 9, 201720
- Chief financial officerRobert Paul Traversa Jun 3, 2011 to Jun 3, 201121
- Chief financial officerGlyn Collen Thomas Apr 7, 2006 to Apr 7, 200622
- Chief financial officerAllan Rowley Aug 8, 2006 to Aug 8, 200623
Board members and other officers (13)
- OfficerRobert Paul Traversa Dec 30, 2011 to May 22, 201424
- Board memberDavid Garrity Aug 24, 2026 to now25
- Board memberNolan Bushnell Jun 14, 2016 to May 31, 201826
- Board memberNeal Wyman Feb 3, 2012 to Feb 3, 201227
- Board memberPeter Venton Feb 14, 2012 to Feb 14, 201228
- Board memberHugh Robert Holmes Jun 7, 2012 to Jan 3, 201929
- Board memberMichael Onghai Jun 7, 2012 to now30
- Board memberRobert Paul Traversa Jun 12, 2012 to May 22, 201431
- Board memberRichard Taney Mar 14, 2011 to Jan 4, 201232
- Board memberRobert Ladd Dec 20, 2010 to Jan 3, 201933
- Board memberChristopher Paine Jan 17, 2006 to Jan 17, 200634
- Board memberGlyn Collen Thomas Apr 7, 2006 to Apr 7, 200622
- Board memberAllan Rowley Aug 8, 2006 to Aug 8, 200623
Former names
Timeline
- Sep 25, 2025New chief executive Jonathan M. Pfohl becomes CEO13
- Jan 3, 2019New chief executive Hugh Robert Holmes becomes CEO14
- Dec 30, 2011New chief executive Robert Ladd becomes CEO15
- Jul 10, 2007New chief executive Brown Tim Paterson becomes CEO16
- Sep 22, 2000Founded MGT CAPITAL INVESTMENTS, INC. is founded2
Filings
87 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 23 major events, 9 insider forms, 11 large holders, 2 private raises, 22 other. The latest 20:
- Aug 24, 20263 EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 4, 2026SCHEDULE 13D/A EDGAR
- Aug 4, 20264 EDGAR
- Jul 6, 20268-K EDGAR
- Jul 6, 2026SCHEDULE 13D/A EDGAR
- Jul 2, 20264 EDGAR
- May 11, 20268-K EDGAR
- May 7, 202610-Q EDGAR
- Apr 21, 2026D EDGAR
- Mar 17, 202610-K EDGAR
- Feb 10, 20268-K EDGAR
- Jan 8, 2026D EDGAR
- Dec 31, 20258-K EDGAR
- Dec 12, 202510-Q EDGAR
- Dec 5, 202510-Q EDGAR
- Dec 3, 202510-Q EDGAR
- Nov 10, 202510-K EDGAR
- Oct 1, 2025SCHEDULE 13D EDGAR
- Sep 26, 20254 EDGAR
The 87 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.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | DAXvest LLC10% owner | Sale | 3,250,000 | $0.10 | $325.0K | Form 4 |
| Jun 30, 2026 | Project Nickel LLC10% owner | Buy | 3,250,000 | Form 4 | ||
| Sep 23, 2025 | Onghai MichaelDirector | Buy | 500,000,000 | Form 4 | ||
| Sep 23, 2025 | PFOHL JONATHAN MINTERIM CEO & CFO | Buy | 100,000,000 | Form 4 | ||
| Sep 22, 2025 | DAXvest LLC10% owner | Buy | 1,150,000,000 | Form 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.
- Project Nickel LLCSCHEDULE 13D/A, 4 filings Nov 8, 2024 to Aug 4, 202635
- Michael OnghaiSCHEDULE 13D, 1 filing Oct 1, 202536
- Bucktown Capital LLCSC 13G/A, 2 filings Jan 17, 2023 to Nov 22, 202437
- Streeterville Capital LLCSC 13G/A, 2 filings Jan 17, 2023 to Nov 21, 202438
- MINERSET FARMS INCSC 13D/A, 2 filings May 30, 2024 to Oct 25, 202439
Money raised
Private offerings the company reported to the SEC on 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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Minot DeBlois Advisors LLC | 34,000 | $54 | 0.0% | New |
| Vima LLC | 18,000 | $29 | 0.0% | New |
| Hantz Financial Services, Inc. | 1,270 | $0 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARRobert Ladd, Chief executive officer
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- 17SEC EDGARRobert Ladd, President
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- 20SEC EDGARRobert Ladd, Chief financial officer
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- 24SEC EDGARRobert Paul Traversa, Officer
- 25SEC EDGARDavid Garrity, Board member
- 26SEC EDGARNolan Bushnell, Board member
- 27SEC EDGARNeal Wyman, Board member
- 28SEC EDGARPeter Venton, Board member
- 29SEC EDGARHugh Robert Holmes, Board member
- 30SEC EDGARMichael Onghai, Board member
- 31SEC EDGARRobert Paul Traversa, Board member
- 32SEC EDGARRichard Taney, Board member
- 33SEC EDGARRobert Ladd, Board member
- 34SEC EDGARChristopher Paine, Board member
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