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MGT Capital Investments, Inc. (MGTI)

Other OTC - Other OTC Delayed price. Currency in USD
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0.0211-0.0011 (-4.95%)
At close: 03:59PM EST
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  • A
    Ahsan Raza
    I loss my 1200$ due to Mgt they didn't guide properly and hide lot of hidden charges. When you paid commission then again they will asked you about government tax if you pay government tax then they will asked you more commission. Then we will release your profit.
  • B
    BTC
    During 2020, the Company began to suffer component issues, such as heat sinks detaching from hash boards, and failures of both power supplies and hash board temperature sensors. Although Bitmain has acknowledged manufacturing defects in various production runs of S17 Bitcoin miners, the Company was unsuccessful in obtaining any compensation from Bitmain. The manufacturing defects, combined with inadequate repair facilities has rendered approximately 400 of our remaining 480 miners in need of repair or replacement. The Company is using a third-party repair facility to repair its non-working hash boards and expects the process to be complete before yearend 2021. As of November 11, 2021, 300 of these bad hash boards (enough to power 100 miners) have been successfully repaired and approximately 200 more hash boards remain unused at our facility pending repair, replacement or sale as management may determine. In addition, a former vendor has yet to return an additional 200 hash boards entrusted to it for repair, and the Company has commenced litigation. It is not possible at the present time to estimate the total cost of repair or the overall success rate of repairs of defective hash boards. To date, we have incurred approximately $140 in costs of repairing or replacing the defective machines, and an estimated $1,200 in lost revenue. MGT’s miners are housed in two modified shipping containers on property owned by the Company adjacent to an electrical substation. The entire facility, including the land and improvements, five 2500 KVA 3-phase transformers, the mining containers, and miners, are owned by MGT. We continue to explore ways to grow and maintain our current operations including but not limited to further potential equipment sales and raising capital to acquire the newest generation miners. The Company has also begun preliminary negotiations to acquire a second site approximately five miles from LaFayette, although there can be assurance that the parties will reach an acceptable agreement. In addition to its self-mining operations, the Company is leasing its owned space to other Bitcoin miners. These improve utilization of the electrical infrastructure and better insulate us against the volatility of Bitcoin mining.
  • J
    Jeff
    MGTI doesn't move because they can't put out updates like this: https://finance.yahoo.com/news/marathon-digital-holdings-announces-bitcoin-200500784.html
  • N
    Noamnuts
    When is bitmain gonna fix mgt’s broken miners? Where’s the 13 million?🤣
  • I
    I_hide_in_bear_markets
    Wow, you know it's bad when Samantha isn't stopping by to troll. Thankfully I got out on the last run up. Was looking to get in on the last pump, but even the BOTs are staying away. Myself and others talked about getting into other miners, but soon they will get risky. Congrats to all those who did make some coin, good luck to those who didn't. I've been there, it's painful. Frankly I think it would best to save your pennies and wait for the end of the next bear market. In the meantime do some research.
  • s
    steve
    Only 130 operational miners. Remaining miners are in some defective state or completely dead. So are we mining any bitcoins at all? 13 million influx of capital and no word from anyone at the company. All of my other mining stocks are making money and keeping their investors informed. If the next Q Report does not provide some guidance or information on how the company intends to move forward I am going to cut my losses.
  • b
    brandon
    Why isn’t this moving
  • N
    Noamnuts
    RIOT and MARA have produced more btc in 1 day than mgt has produced since 2018
  • R
    Roy
    My two lines are close to crossing, My ascending line is bitcoin price. My descending line is
    quarterly operating expenses. 3rd quarter getting closer, 4th quarter perhaps. Why sell now?
    Why not wait out the year - profitability soon - perhaps.
  • I
    I_hide_in_bear_markets
    In the first quarter they mined 286 tokens, first two quarters 523, three quarters 635. So each quarter is 286, 237, 112. I'm no financial whiz but I'd say that's not good. Don't forget increased share count.
  • B
    BTC
    The third quarter report is due November 15. Will we finally get some news of new tenants or miners or an actual plan for the 13 million?
  • Z
    ZZ TOP
    Don't get to excited...it'll be red soon....2 more hours
  • M
    Mathew
    My personal opinion is that... Bit coin is the future and so is MGTI that is why I have been holding for over half a year now, and plan to continue holding.... at least until we reach the resistance level of $0.29 and from there if we break through there is no reason we won’t see $1 mark.
  • M
    Mathew
    I can’t believe I invested in this... how disappointing 😢 I thought with the rise of bit coming MGTI would be at )1 already... what did I get wrong here??
  • s
    silver
    I get the feeling the other operators that are on the property are helping MGT repair their miners.
  • B
    BTC
    Buy the Bitcoin price dips on any other miner and you will make money. I've had more success in 5 months investing in every other miner than I have in 5 years with MGTI.
  • M
    Mathew
    Hi Jason, some companies are limited because of there platform, but if you have any honorable trading platform such as Charles Schwab and many others you can easily purchase
  • M
    Mathew
    Hmmm... I am still holding on to my shares, just didn’t expect them to drop so fast, kind of wired??? Anyone know why it dropped so fast?? I still want to hold long for the $1 mark
  • e
    ethan hold
    I am ethan hold, Lord of MGTI! Bow to my superior knowledge.
  • M
    Mathew
    Bit coin keeps moving higher and looks like might break towards the 100k but who knows??? Either way just purchase a few more MGTI because I believe in there future, they just moved to a new location recently to save on energy costs on mining and increase profits... hope it all works great