What Did This CEO Just Do with Personal Shares of MGT Capital Investments Inc (MGTI)?


Today, the President & CEO of MGT Capital Investments Inc (Other OTC: MGTI), Robert Ladd, sold shares of MGTI for $603K.

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Based on MGT Capital Investments Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $956K and GAAP net loss of $4.55 million. In comparison, last year the company earned revenue of $312K and had a GAAP net loss of $5.89 million. Currently, MGT Capital Investments Inc has an average volume of 585.5K.

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MGT Capital Investments, Inc. engages in cryptocurrency mining. The firm owns and operates Bitmain Antminer S9 Bitcoin mining rigs and graphics processing unit-based Ethereum miners. Its facilities are located in northern Sweden and the state of Washington. It continues to execute on an expansion model to grow its crypto assets materially.

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