Organization and Basis of Presentation	6 Months Ended
Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Note 1. Organization and Basis of Presentation Organization MGT Capital Investments, Inc. (“MGT” or the “Company”) was incorporated in Delaware in 2000. MGT was originally incorporated in Utah in 1977. MGT is comprised of the parent company and its wholly owned subsidiary MGT Sweden AB. MGT’s corporate office is located in Durham, North Carolina. On February 27, 2019, the Company’s stockholders approved an increase in the Company’s authorized common shares from 125,000,000 to 2,500,000,000 and the Company filed an amendment to its Certificate of Incorporation with the state of Delaware to reflect this change. On June 4, 2019, the Company filed a registration statement on Form S-1 covering up to 76,558,643 shares of common stock the Company may sell from time to time. On June 25, 2019, this registration was declared effective by the Securities and Exchange Commission (“SEC”). Through August 14, the Company sold 30,500,000 shares of its common stock under this registration statement for gross proceeds of $1,291. Cryptocurrency mining Following a review of its Bitcoin mining operations, the Company has determined to consolidate its activities going forward in Company-owned and managed facilities. Central to this strategy is the recent purchase of land in LaFayette, GA and the entry into a favorable contract for electricity there. Located adjacent to a utility substation, the several acre property has access to over 20 megawatts (MW) of low-cost power. MGT has also ordered transformers with a total load capacity of 12.5 MW to accommodate the first phase of this project and has begun the construction and physical site development. The facility will accommodate shipping containers racked with miners with individual capacities of up to 1 MW. The Company’s agreements with third-party hosting facilities allow for reduced commitments and provide for flexibility to deploy miners at the new Georgia location upon its readiness. MGT is now mining with 1,260 Bitmain S9 miners in Colorado Springs, representing its entire commitment in this location. In Coshocton, Ohio, MGT is now operating approximately 1,000 S9 miners, including miners in the first Pod5ive container delivered in late July. The Company is contractually committed to a total of 1,800 miners in Ohio, with full deployment dependent upon the speed of the facility buildout by its third-party partner. On July 15, 2019, the Company announced it entered into a purchase agreement with Bitmaintech Pte. Ltd, a Singapore private limited company, to purchase 1,100 Antminer S17 Bitcoin miners for an aggregate purchase price of approximately $2,770, subject to adjustments, with delivery expected in October 2019 to the Company’s facility in Lafayette, GA. During the three and six months ended June 30, 2019, the Company mined 0.01 and 7.83 Bitcoin for total revenue of $70 and $98, respectively. These coins were earned from hosting facilities located in Washington, Colorado and Ohio. On March 22, 2019, the Company terminated its hosting arrangement in Washington and conveyed its ownership of its machines in satisfaction of outstanding hosting service fees. Bitcoin results above exclude production attributable to investor-owned machines, equaling 38.00 and 38.00 Bitcoin worth $309 and $309 during the three and six months ended June 30, 2019, respectively. The Company recognized revenue of $47 under these agreements as described in Note 9. Basis of presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10–Q and Rule 10 of Regulation S–X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10–K for the fiscal year ended December 31, 2018, as filed with the SEC on April 16, 2019. Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for any subsequent quarters or for the year ending December 31, 2019.

Organization and Basis of Presentation

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Note 1. Organization and Basis of Presentation

Organization

MGT Capital Investments, Inc. (“MGT” or the “Company”) was incorporated in Delaware in 2000. MGT was originally incorporated in Utah in 1977. MGT is comprised of the parent company and its wholly owned subsidiary MGT Sweden AB. MGT’s corporate office is located in Durham, North Carolina.

On February 27, 2019, the Company’s stockholders approved an increase in the Company’s authorized common shares from 125,000,000 to 2,500,000,000 and the Company filed an amendment to its Certificate of Incorporation with the state of Delaware to reflect this change.

On June 4, 2019, the Company filed a registration statement on Form S-1 covering up to 76,558,643 shares of common stock the Company may sell from time to time. On June 25, 2019, this registration was declared effective by the Securities and Exchange Commission (“SEC”). Through August 14, the Company sold 30,500,000 shares of its common stock under this registration statement for gross proceeds of $1,291.

Cryptocurrency mining

Following a review of its Bitcoin mining operations, the Company has determined to consolidate its activities going forward in Company-owned and managed facilities. Central to this strategy is the recent purchase of land in LaFayette, GA and the entry into a favorable contract for electricity there. Located adjacent to a utility substation, the several acre property has access to over 20 megawatts (MW) of low-cost power. MGT has also ordered transformers with a total load capacity of 12.5 MW to accommodate the first phase of this project and has begun the construction and physical site development. The facility will accommodate shipping containers racked with miners with individual capacities of up to 1 MW.

The Company’s agreements with third-party hosting facilities allow for reduced commitments and provide for flexibility to deploy miners at the new Georgia location upon its readiness. MGT is now mining with 1,260 Bitmain S9 miners in Colorado Springs, representing its entire commitment in this location. In Coshocton, Ohio, MGT is now operating approximately 1,000 S9 miners, including miners in the first Pod5ive container delivered in late July. The Company is contractually committed to a total of 1,800 miners in Ohio, with full deployment dependent upon the speed of the facility buildout by its third-party partner.

On July 15, 2019, the Company announced it entered into a purchase agreement with Bitmaintech Pte. Ltd, a Singapore private limited company, to purchase 1,100 Antminer S17 Bitcoin miners for an aggregate purchase price of approximately $2,770, subject to adjustments, with delivery expected in October 2019 to the Company’s facility in Lafayette, GA.

During the three and six months ended June 30, 2019, the Company mined 0.01 and 7.83 Bitcoin for total revenue of $70 and $98, respectively. These coins were earned from hosting facilities located in Washington, Colorado and Ohio. On March 22, 2019, the Company terminated its hosting arrangement in Washington and conveyed its ownership of its machines in satisfaction of outstanding hosting service fees. Bitcoin results above exclude production attributable to investor-owned machines, equaling 38.00 and 38.00 Bitcoin worth $309 and $309 during the three and six months ended June 30, 2019, respectively. The Company recognized revenue of $47 under these agreements as described in Note 9.

Basis of presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10–Q and Rule 10 of Regulation S–X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10–K for the fiscal year ended December 31, 2018, as filed with the SEC on April 16, 2019. Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for any subsequent quarters or for the year ending December 31, 2019.