MGT CAPITAL INVESTMENTS, INC. (MGTI) Form 10-Q — Aug 7, 2026
MGT Capital Investments filed its Q2 2026 Form 10-Q reporting zero revenue and a $2,955 thousand net loss for the six months ended June 30, 2026, driven largely by a $2,814 thousand loss on debt extinguishment. The company has had no active revenue-generating operations since it halted Bitcoin mining and hosting in March 2025 and sold its LaFayette, Georgia facility in May 2025. The filing contains substantial-doubt going-concern language: MGT held just $232 thousand in cash against a $429.7 million accumulated deficit and a $461 thousand working capital deficit at June 30, 2026.
Key figures
- Eps
- -$0.00 (basic and diluted)
- Revenue
- 0
- Net Income
- -$2,955 thousand for the six months ended June 30, 2026 (-$2,773 thousand for Q2 2026), vs. net income of $232 thousand in the year-ago six months
- Total Debt
- 0
- Cash Position
- $232 thousand as of June 30, 2026
- Shares Outstanding
- 6290802029
- Q2 ga expense usd thousands
- 149
- Share count growth six months
- approximately 35% (4.64B to 6.27B shares)
- Shares issued in note exchange
- 750131126
- Accumulated deficit usd thousands
- 429692
- Stockholders deficit usd thousands
- 461
- Series e preferred conversion shares
- 3250000000
- Working capital deficit usd thousands
- 461
- Debt principal extinguished usd thousands
- 1220
- Loss on debt extinguishment usd thousands
- 2814
- Note carrying value settled usd thousands
- 1186
- Payables settled with stock usd thousands
- 262
- Capital raised since jan2023 usd thousands
- 2975
- Equity raised dec2025 offering usd thousands
- 675
- Open offering remaining capacity usd thousands
- 225
- Cash used in operations six months usd thousands
- 531
- Equity consideration for note exchange usd thousands
- 4000
- Equity raised feb2026 offering through q2 usd thousands
- 250
AI analysis
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