MGT Capital Investments, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, disclosing continued operating losses and a stockholders' deficit of $(607) thousand.

Key Highlights

  • Total assets of $105 thousand: Cash and cash equivalents stood at $105 thousand as of September 30, 2026, compared to $103 thousand at December 31, 2025, according to the filing.
  • Net loss of $(3,126) thousand for nine months: The company reported a net loss of $(3,126) thousand for the nine months ended September 30, 2026, versus net income of $30 thousand for the same period in 2025.
  • No revenue in 2026: Total revenue was $0 for both the three and nine months ended September 30, 2026, compared to $87 thousand for the nine months ended September 30, 2025.
  • Loss on debt extinguishment of $2,814 thousand: The filing reports a loss on debt extinguishment of $2,814 thousand recognized during the nine months ended September 30, 2026.
  • Shares outstanding exceeded 6.29 billion: Common shares issued and outstanding were 6,290,802,029 as of September 30, 2026, up from 4,640,670,903 at December 31, 2025.
  • Stockholders' deficit narrowed to $(607) thousand: Total stockholders' deficit improved from $(2,281) thousand at December 31, 2025 to $(607) thousand at September 30, 2026.
  • Series E convertible preferred stock issued: 3,250,000 shares of Series E convertible preferred stock, $0.001 par value, were issued and outstanding as of September 30, 2026, with none outstanding at December 31, 2025.

MGT Capital Investments Q3 2026: Zero Revenue, Debt Extinguishment Loss, and Share Count Growth

According to the filing, MGT Capital Investments, Inc. (OTC:MGTI) reported no revenue for either the three or nine months ended September 30, 2026. The company had generated $87 thousand in total revenue for the comparable nine-month period in 2025, consisting of $29 thousand from bitcoin mining and $58 thousand from hosting services. Neither revenue stream produced income in the current year periods, the filing disclosed.

General and administrative expenses were $171 thousand for the three months ended September 30, 2026, and $472 thousand for the nine-month period, resulting in operating losses of $(171) thousand and $(472) thousand, respectively. The nine-month net loss of $(3,126) thousand was driven in large part by a loss on debt extinguishment of $2,814 thousand, which the filing records within non-operating items. Partially offsetting items for the nine months included a gain on settlement of debt of $161 thousand and a gain on settlement of payables of $58 thousand, as well as interest expense of $(49) thousand and accretion of debt discount of $(10) thousand.

The company raised cash during the first nine months of 2026 through sales of common stock under an equity purchase agreement, issuing 375,000,000 shares in Q1 for $375 thousand, 400,000,000 shares in Q2 for $300 thousand, and 25,000,000 shares in Q3 for $25 thousand. Additionally, in Q2 2026, the company issued 750,131,126 shares of common stock and 3,250,000 shares of Series E convertible preferred stock in connection with a note exchange agreement, valued at $4,000 thousand in the filing. The convertible note payable, which carried a balance of $1,176 thousand (net of unamortized discount of $44 thousand) at December 31, 2025, was reduced to $0 by September 30, 2026. As of November 4, 2026, the registrant reported 6,390,802,029 shares of common stock issued and outstanding.

What Was Disclosed

MGT Capital Investments filed its quarterly report covering the period ended September 30, 2026, disclosing zero revenue, a nine-month net loss of $(3,126) thousand, total assets of $105 thousand, a stockholders' deficit of $(607) thousand, and over 6.29 billion common shares outstanding.