OverviewSuggest Edit

MGT Capital Investments, Inc. is in the process of acquiring and developing a diverse portfolio of cyber security technologies. MGT is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, as well as corporate networks. Also as part of its corporate efforts in secure technologies, MGT is growing its capacity in mining Bitcoin.

TypePublic
Founded1977
HQDurham, US
Websitemgtci.com

Latest Updates

Employees (est.) (Feb 2019)6(-60%)
Revenue (FY, 2018)$2 M(-35%)

Key People/Management at MGT Capital Investments

Stephen Schaeffer

Stephen Schaeffer

COO
Dmitry Molotkov

Dmitry Molotkov

Senior Vice President of Finance
Robert Ladd

Robert Ladd

Director
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MGT Capital Investments Office Locations

MGT Capital Investments has an office in Durham
Durham, US (HQ)
512 S Mangum St #408
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MGT Capital Investments Financials and Metrics

MGT Capital Investments Revenue

MGT Capital Investments's revenue was reported to be $2.03 m in FY, 2018
USD

Revenue (FY, 2018)

2.0m

Gross profit (FY, 2018)

(2.2m)

Gross profit margin (FY, 2018), %

(106.5%)

Net income (FY, 2018)

(23.8m)

EBIT (FY, 2018)

(23.9m)

Market capitalization (8-Oct-2018)

5.5m

Cash (31-Dec-2018)

96.0k

EV

7.3m
MGT Capital Investments's current market capitalization is $5.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

396.0k1.1m104.0k313.0k3.1m2.0m

Revenue growth, %

167%(90%)201%

Cost of goods sold

559.0k610.0k209.0k1.5m4.2m

Gross profit

(163.0k)446.0k104.0k1.6m(2.2m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2018Q2, 2018

Revenue

40.0k85.0k320.0k297.0k217.0k261.0k90.0k53.0k956.0k1.4m

Cost of goods sold

118.0k49.0k167.0k168.0k31.0k881.0k1.9m

Gross profit

(78.0k)36.0k153.0k129.0k22.0k75.0k(531.0k)

Gross profit Margin, %

(195%)42%48%43%42%8%(39%)
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

4.6m1.5m359.0k345.0k9.5m96.0k

Accounts Receivable

43.0k5.0k

Inventories

132.0k172.0k61.0k

Current Assets

4.8m1.6m2.4m552.0k10.5m319.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

5.0m3.2m2.4m2.2m1.4m1.1m428.0k189.0k1.1m2.1m334.0k323.0k461.0k2.3m

Accounts Receivable

10.0k51.0k46.0k10.0k5.0k12.0k12.0k

Current Assets

5.2m3.4m2.7m2.4m1.8m1.5m3.4m1.7m2.4m3.0m633.0k586.0k2.3m3.0m

PP&E

33.0k26.0k1.5m9.1m8.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(10.9m)(5.8m)(5.1m)(24.8m)(50.4m)(23.8m)

Depreciation and Amortization

399.0k704.0k241.0k209.0k1.1m3.3m

Inventories

268.0k(40.0k)80.0k

Accounts Payable

(14.0k)17.0k(136.0k)3.0k622.0k210.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

(8.6m)(2.8m)(4.3m)(2.2m)(2.6m)(1.4m)(18.6m)(5.9m)(10.1m)(4.5m)(11.1m)

Depreciation and Amortization

265.0k128.0k321.0k507.0k317.0k176.0k87.0k141.0k279.0k481.0k1.2m

Accounts Payable

(78.0k)228.0k207.0k(19.0k)404.0k79.0k50.0k122.0k111.0k210.0k263.0k645.0k20.0k(223.0k)

Cash From Operating Activities

(3.8m)(1.4m)(2.5m)(3.6m)(1.9m)(1.7m)(3.8m)(1.2m)(2.2m)(2.9m)(5.3m)
USDY, 2018

EV/EBIT

-0.3 x

EV/CFO

-0.8 x
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MGT Capital Investments Online and Social Media Presence

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MGT Capital Investments News and Updates

Lifshitz & Miller LLP Announces Investigation of Adient PLC, Applied Optoelectronics, Inc., Cocrystal Pharma, Inc., Microchip Technology Incorporated, MGT Capital Investments, Inc., TG Therapeutics, Inc. and USA Technologies, Inc.

NEW YORK, Oct. 30, 2018 /PRNewswire/ -- Adient PLC (ADNT) Lifshitz & Miller announces investigation into possible securities laws violations in connection with ADNT's CEO stepping down and decreased profit forecast for the year. If you are an Adient investor, and would like additional...

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In MGT Capital Investments To Contact The Firm

NEW YORK, Oct. 29, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in MGT Capital Investment ("MGT" or the "Company") (Other OTC:MGTI) of the November 27, 2018 deadline to seek the role of lead plaintiff in a federal securities class...

SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against MGT Capital Investments, Inc. (MGTI) and Lead Plaintiff Deadline: November 27, 2018

NEW YORK, Oct. 4, 2018 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against MGT Capital Investments, Inc. ("MGT" or the "Company") (OTCMKT: MGTI) on behalf of shareholders who purchased or otherwise ...

MGT Capital Class Action Lawsuit: Bernstein Liebhard LLP Announces That A Securities Class Action Lawsuit Has Been Filed Against MGT Capital Investments, Inc. - MGTI

NEW YORK, Sept. 28, 2018 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of those who purchased or acquired the securities of MGT Capital Investments, Inc. ("MGT" or the...

MGT INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In MGT Capital Investments, Inc. To Contact The Firm

NEW YORK, Sept. 28, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against MGT Capital Investments, Inc. ("MGT" or the "Company") (Other OTC:MGTI). If you invested in MGT stock or options and would like to discuss your...
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MGT Capital Investments Blogs

MGT Capital Orders 1,100 Next Generation Bitmain Miners

DURHAM, NC, July 18, 2019 — MGT Capital Investments, Inc. (OTCQB: MGTI) today provided the following update to investors. On July 16, 2019, MGT ordered 1,100 Bitmain S17 Antminers from Bitmain, expected to ship from Malaysia in October 2019 without Chinese tariffs. Each miner is rated at a maximum 5…

MGT Capital Investments Provides Operating Update

DURHAM, NC, July 10, 2019 — MGT Capital Investments, Inc. (OTCQB: MGTI) today provided an operating update to investors. Following a complete review of its Bitcoin mining operations, MGT has determined to consolidate its activities going forward in Company-owned and managed facilities. Central to th…

MGTCI Q3 2018 Investor Update Call

Operator: Good day everyone and welcome to today’s quarterly investor update conference call. At this time all participants are in a listen only mode. Later you will have the opportunity to ask questions during the question and answer session. Please note, this call may be recorded. I will be standi…

MGT Capital Enters into Agreement to Relocate Swedish Bitcoin Miners to Colorado

DURHAM, NC, October 25, 2018 — MGT Capital Investments, Inc. (OTCQB: MGTI) announced today that it entered into a hosting agreement for a facility in Colorado Springs, CO to support its Bitcoin mining operations. As previously disclosed, the Company has been analyzing various options to relocate its…

Combating Speculation and Addressing Investor Concerns

Stephen Schaeffer, Chief Operations Officer, MGT Capital Investments Given the transitional state of the company, a number of rumors have circulated regarding the future of MGT and our current state of operations. In my capacity as COO, I thought it would be appropriate to respond directly to these …

MGT Capital Announces Management Restructuring

DURHAM, NC, September 10, 2018 — MGT Capital Investments, Inc. (OTCQB: MGTI) announced today that Robert Ladd, its President and Chief Executive Officer, is taking a leave of absence to focus on addressing the allegations in an SEC Complaint filed on Friday September 7, 2018. H. Robert Holmes, indep…
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MGT Capital Investments Frequently Asked Questions

  • When was MGT Capital Investments founded?

    MGT Capital Investments was founded in 1977.

  • Who are MGT Capital Investments key executives?

    MGT Capital Investments's key executives are Stephen Schaeffer, Dmitry Molotkov and Robert Ladd.

  • How many employees does MGT Capital Investments have?

    MGT Capital Investments has 6 employees.

  • What is MGT Capital Investments revenue?

    Latest MGT Capital Investments annual revenue is $2 m.

  • What is MGT Capital Investments revenue per employee?

    Latest MGT Capital Investments revenue per employee is $338.3 k.

  • Who are MGT Capital Investments competitors?

    Competitors of MGT Capital Investments include Bytecoin, Skycoin and Aion.

  • Where is MGT Capital Investments headquarters?

    MGT Capital Investments headquarters is located at 512 S Mangum St #408, Durham.

  • Where are MGT Capital Investments offices?

    MGT Capital Investments has an office in Durham.

  • How many offices does MGT Capital Investments have?

    MGT Capital Investments has 1 office.