MGT Capital Investments Inc. Stock Analysis MGTI

MGT Capital Investments, Inc. engages in the cryptocurrency mining business. The company is headquartered in Raleigh, North Carolina. The Company’s business activities are comprised of self-mining operations, providing hosting services, and leasing space to third parties. The firm owned approximately 35 Antminer S19 Pro miners providing about 3 Ph/s in hash power for self-mining. The company also offers third-party owners of miners a hosting service whereby the Company operates and maintains the miners for a fixed monthly fee. Its miners and those hosted for others are housed in a modified shipping container on the Company’s owned property in Georgia. The firm owns the entire facility, including land and improvements, five 2500 kilovolt-amp (KVA) three-phase transformers, and three mining containers. The firm is exploring the 10 MW expansion potential at its property as well as investigating other sites to develop Bitcoin mining facilities.