Financing ·
On June 30, 2026, MGT Capital Investments entered into an agreement with Project Nickel LLC to extinguish a Secured…
MGTIMgt Capital Investments, Inc.
On June 30, 2026, MGT Capital Investments entered into an agreement with Project Nickel LLC to extinguish a Secured Convertible Promissory Note originally totaling $1,220,240. In exchange, the company issued 3,250,000 shares of newly designated Series E Convertible Preferred Stock and 750,131,126 shares of common stock. Simultaneously, the company sold 150,000,000 shares of common stock to David M. Garrity for $50,000 at a price of $0.00033 per share. On July 6, 2026, the Board of Directors expanded from one to three members, appointing Jonathan M. Pfohl and David M. Garrity as directors. The company operates as an investment firm.