Going Concern and Management's Plans	9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern and Management's Plans	Note 2. Going Concern and Management’s Plans The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of September 30, 2018, the Company had incurred significant operating losses since inception and continues to generate losses from operations. As of September 30, 2018, the Company had an accumulated deficit of $400,241. As of September 30, 2018, MGT’s cash and cash equivalents were $275. As of November 19, 2018, MGT’s cash and cash equivalents were $155. Management’s plans include maximizing the utilization of its cryptocurrency mining machines, which were delivered during early 2018. As discussed in Note 1, the Company experienced additional delays and costs due to the non-performance of a key vendor. The Company is currently in the process of moving the majority of its miners from Sweden to a facility in Colorado. Until that process is complete, the Company’s revenue will be significantly less than historical results. Based on current budget assumptions, the Company believes that it will be able to meet its operating expenses and obligations for one year from the date these consolidated financial statements are issued. The Company will need to raise additional funding to grow its operations and to pay current maturities of debt. There can be no assurance however that the Company will be able to raise additional capital when needed, or at terms deemed acceptable, if at all. Such factors raise substantial doubt about the Company’s ability to sustain operations for at least one year from the issuance of these unaudited condensed consolidated financial statements. Management’s plans, including the operation of its existing cryptocurrency mining machines, the raising of additional capital and potentially curtailing its operations alleviate such substantial doubt. The accompanying unaudited condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Going Concern and Management's Plans

9 Months Ended

Sep. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Note 2. Going Concern and Management’s Plans

The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of September 30, 2018, the Company had incurred significant operating losses since inception and continues to generate losses from operations. As of September 30, 2018, the Company had an accumulated deficit of $400,241. As of September 30, 2018, MGT’s cash and cash equivalents were $275. As of November 19, 2018, MGT’s cash and cash equivalents were $155.

Management’s plans include maximizing the utilization of its cryptocurrency mining machines, which were delivered during early 2018. As discussed in Note 1, the Company experienced additional delays and costs due to the non-performance of a key vendor. The Company is currently in the process of moving the majority of its miners from Sweden to a facility in Colorado. Until that process is complete, the Company’s revenue will be significantly less than historical results. Based on current budget assumptions, the Company believes that it will be able to meet its operating expenses and obligations for one year from the date these consolidated financial statements are issued. The Company will need to raise additional funding to grow its operations and to pay current maturities of debt. There can be no assurance however that the Company will be able to raise additional capital when needed, or at terms deemed acceptable, if at all. Such factors raise substantial doubt about the Company’s ability to sustain operations for at least one year from the issuance of these unaudited condensed consolidated financial statements. Management’s plans, including the operation of its existing cryptocurrency mining machines, the raising of additional capital and potentially curtailing its operations alleviate such substantial doubt. The accompanying unaudited condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.