MGT published its FY 2025 Form 10-K annual report, reflecting a strategic transition after ending active bitcoin mining and hosting operations. FY 2025 revenue fell 73% to USD 87, with cryptocurrency mining revenue of USD 29 and hosting revenue of USD 58 after the company’s primary hosting customer lease expired in March 2025. FY 2025 operating expenses declined 39% to USD 884, driven by lower electricity and depreciation costs and reduced legal, consulting and payroll expenses. The company posted a FY 2025 net loss of USD 219, while non-operating income was USD 578 including a USD 676 gain on the sale of property and equipment tied to the USD 1.35 million sale of its LaFayette, Georgia facility. As of Dec. 31, 2025, MGT reported cash and cash equivalents of USD 103 and said it has no active revenue-generating operations while it conducts a strategic review focused on SEC reporting compliance, capital raising and potential business combinations.

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