MGT Capital Investments
MGT Capital Investments is a publicly traded micro-cap company (OTC: MGTI) that operates Bitcoin mining operations using Proof of Work, headquartered in Melbourne, Florida with fewer than 10 employees and no disclosed revenue or customer base.
- Company typePublic
- Founded1977
- HeadquartersHarrison, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What MGT Capital Investments does
MGT Capital Investments, Inc. (OTC: MGTI) is a publicly traded micro-cap company that operates Bitcoin mining operations as its sole disclosed product line. The company uses specialized computational hardware to validate transactions on the Bitcoin blockchain through Proof of Work consensus, earning block rewards and transaction fees. The company has 1-10 employees and is headquartered at 540 Montreal Ave, Suite 133 in Melbourne, Florida, with investor relations contact routed through (914) 630-7430 and [email protected].
The entity has a long corporate history dating back to its 1977 incorporation in Utah as Internet Holdings, Inc., and has undergone multiple name changes (HTTP Technology, Inc. in 2000; Medicsight, Inc. in 2002; MGT Capital Investments, Inc. in January 2007) and at least four distinct business pivots, including medical imaging, mobile gaming, cybersecurity (notably with John McAfee as executive chairman), and now Bitcoin mining. The current leadership team is small: Jonathan Pfohl serves as Chief Financial Officer (and is principal of VCpartners Group LLC), while Michael Onghai serves as Independent Director and Chairman of the Audit, Nominations and Compensation Committees; Onghai is concurrently CEO of LookSmart (OTC: LKST) and runs multiple investment vehicles. No revenue figures, customer relationships, or material operating metrics are disclosed in available filings or the company website.
MGT Capital Investments firmographics
Firmographics- Name
- MGT Capital Investments
- Legal name
- MGT Capital Investments, Inc.
- Website
- https://mgtci.com
- Company type
- Public
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MGT Capital Investments is a publicly traded micro-cap company (OTC: MGTI) that operates Bitcoin mining operations using Proof of Work, headquartered in Melbourne, Florida with fewer than 10 employees and no disclosed revenue or customer base.
- Ownership category
- akta.pro rank
MGT Capital Investments industry classification
Industry- Product category
- Cryptocurrency Mining
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Mining Finance, Leasing & Hashrate-Backed Financing (FSADAOAH)
Keywords
Where MGT Capital Investments is headquartered
LocationHeadquarters
- HQ city
- Harrison
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MGT Capital Investments business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Operations, Personnel, Others
Revenue model
- Block Rewards: Revenue generated from solving mathematical hash puzzles (Proof of Work) to add blocks to the Bitcoin blockchain. The first miner to solve the puzzle receives newly created bitcoins (block reward) plus transaction fees from validated transactions in that block.
Distribution channels1 record
Marketing channels3 records
MGT Capital Investments product offering
Product offeringCore offering
MGT Capital Investments operates Bitcoin mining operations using specialized computational hardware to validate and confirm transactions on the Bitcoin blockchain via the Proof of Work consensus mechanism. The company earns revenue from block rewards (newly created bitcoins) and transaction fees paid by the network for successfully solved blocks. Its public-facing activities are limited to investor relations, SEC filings, and corporate communications supporting its OTC-listed shares.
Product overview
MGT Capital Investments is a Bitcoin mining company operating as a single-service business focused on cryptocurrency mining. The company engages in Bitcoin mining operations using specialized computational equipment to validate transactions on the Bitcoin blockchain through Proof of Work consensus mechanism. The primary and only product offering is the Bitcoin Mining service, which secures the network, validates transactions, and distributes new bitcoins.
Differentiator
Problem solved
Functional benefit
Products and services
- Bitcoin Mining Operating service in which the company deploys specialized computers to solve Proof of Work hash puzzles on the Bitcoin blockchain, earning newly issued bitcoins (block rewards) plus transaction fees for the transactions included in successfully mined blocks. Revenue-generating activity for MGT Capital Investments itself rather than a service sold to external customers.
Companies that use MGT Capital Investments
Customer profileSegments1 record
Ideal customer profiles1 record
MGT Capital Investments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MGT Capital Investments partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights2 records
MGT Capital Investments competitors and assessment
Company assessmentDirect peers
- Marathon Digital Holdings: Marathon Digital (NASDAQ: MARA) is one of the largest publicly traded Bitcoin miners in North America, operating industrial-scale Proof of Work mining. It is a direct comparable to MGT as a pure-play public BTC miner, though at vastly larger scale.
- Riot Platforms: Riot Platforms (NASDAQ: RIOT) operates large-scale Bitcoin mining and owns significant power infrastructure in Texas. It directly competes with MGT in the public BTC mining category, though at far greater scale.
- CleanSpark: CleanSpark (NASDAQ: CLSK) is a publicly traded Bitcoin mining operator with an industrial-scale fleet across multiple US sites. It is a direct comparable to MGT's Bitcoin mining business model.
- Hut 8: Hut 8 (NASDAQ: HUT) operates large-scale Bitcoin mining and digital asset infrastructure across North America. It is a direct peer in public-market BTC mining exposure.
- Bitfarms: Bitfarms (NASDAQ: BITF) is a publicly traded Bitcoin mining operator with operations in the US, Canada, Paraguay, and Argentina. It directly competes in the same Proof of Work BTC mining category.
- Iris Energy: Iris Energy (NASDAQ: IREN) operates large-scale, renewable-powered Bitcoin mining data centers. It is a direct comparable as a publicly traded BTC miner with infrastructure scale.
- Hive Blockchain: HIVE Blockchain (NASDAQ: HIVE) is a publicly traded cryptocurrency mining company focused on Bitcoin and Ethereum mining. It is a direct comparable in the public crypto mining category, though diversified across assets.
- Stronghold Digital Mining: Stronghold Digital Mining operates waste-coal-powered Bitcoin mining facilities in Pennsylvania. It is a direct comparable as a publicly traded US-based BTC miner focused on Proof of Work.
- Core Scientific: Core Scientific (NASDAQ: CORZ) operates large-scale Bitcoin mining and digital infrastructure. It is a direct comparable as a publicly traded BTC miner, having emerged from Chapter 11 in 2024.
- Argo Blockchain: Argo Blockchain was a publicly traded Bitcoin mining company with operations in the US and Canada before delisting in early 2024. It is a directly comparable historical peer as a public BTC miner at the small/mid-cap end of the scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
MGT Capital Investments social profiles
Digital presenceMGT Capital Investments financial estimates
Financial estimateRevenue estimate
Valuation estimate
MGT Capital Investments leadership team
Management profileNumber of profiles
Profiles2 records
MGT Capital Investments funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MGT Capital Investments M&A and investment
M&A and investmentM&A5 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MGT Capital Investments
What does MGT Capital Investments do?
MGT Capital Investments operates Bitcoin mining operations using specialized computational hardware to validate and confirm transactions on the Bitcoin blockchain via the Proof of Work consensus mechanism. The company earns revenue from block rewards (newly created bitcoins) and transaction fees paid by the network for successfully solved blocks. Its public-facing activities are limited to investor relations, SEC filings, and corporate communications supporting its OTC-listed shares.
Is MGT Capital Investments a public or private company?
MGT Capital Investments is a public company. It is classified as public and is currently operating.
When was MGT Capital Investments founded?
MGT Capital Investments was founded in 1977. It employs 1 to 10 people.
Where is MGT Capital Investments based?
MGT Capital Investments is headquartered in Harrison, United States, in the North America region.
How does MGT Capital Investments make money?
One revenue line is on record: block Rewards.
Who are MGT Capital Investments's main competitors?
Direct peers on record are Marathon Digital Holdings, Riot Platforms, CleanSpark, Hut 8, Bitfarms, Iris Energy, Hive Blockchain, Stronghold Digital Mining, Core Scientific and Argo Blockchain.
Does MGT Capital Investments have an API?
No public API is recorded for MGT Capital Investments.
What industry is MGT Capital Investments in?
MGT Capital Investments's product category is Cryptocurrency Mining. Its primary akta.pro industry code is FSADAOAH, Mining Finance, Leasing & Hashrate-Backed Financing. Its NAICS code is 523 and its SIC code is 6200.