MGT Capital Investments (OTCQB:MGTI) is a bitcoin miner, which is currently not mining because of the low price environment. The management has been fooling shareholders since long by changing businesses as it saw appealing. This behavior has cost investors more than $400 million in accumulated deficit. Revenues are decreasing, and there is no sign that they will grow in the near future. The stock, which trades at $0.08, is overvalued, and investors should avoid it.
MGT Capital Investments, Inc. is a bitcoin and blockchain technologies company with offices in Durham, North Carolina. Although it was incorporated in Delaware in 2000, it has existed since 1977 under another name and concept.