- Business
- MGT Capital Investments, Inc. MGT Capital Investments, Inc. (OTCQB: MGTI) is a cryptocurrency mining company engaged in Bitcoin mining operations, self-mining, hosting services for third-party miners, and leasing space to third parties at its owned and managed facility in LaFayette, Georgia. The company utilizes approximately 35 Antminer S19 Pro miners providing about 3 Ph/s in hash power for self-mining, while offering hosting whereby it operates and maintains miners for others for a fixed monthly fee; its infrastructure includes the entire facility with land, improvements, five 2500 KVA three-phase transformers, and three mining containers housed in modified shipping containers adjacent to a utility substation. Founded in 1977 and headquartered in Durham, North Carolina, MGT Capital Investments, Inc. operates primarily in the United States, with exploration of a 10 MW expansion at its Georgia property and investigation of other sites for additional Bitcoin mining facilities.
Recent developments include a leadership transition in June 2025, with Jonathan Pfohl appointed as Interim Chief Executive Officer and Chief Financial Officer, following prior CEO changes. The company has executed purchase orders with Bitmain Technologies for additional mining equipment, such as 500 units in a prior announcement, supporting its operational growth in cryptocurrency activities. In September 2025, investor Onghai acquired shares for $56,000, reflecting ongoing interest amid its focus on Bitcoin mining amid market volatility.