MGTI — what changed in the latest 10-Q
A section-by-section comparison of MGTI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −8 | ~8 | 35 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
Our revenues for the three months ended June 30, 2026 were $0, which remained unchanged compared to $0 for the three months ended June 30, 2025. Our historical revenue is partly derived from cryptocurrency mining and third-party hosting activities, both of which generated $0 during the three months …
The Company’s historical revenues have been derived from Bitcoin mining and hosting activities. The future revenue potential of these activities is inherently uncertain and is influenced by factors outside the Company’s control, including: (i) the market price and volatility of Bitcoin; (ii) network…
Following the expiration of our primary hosting agreement and the cessation of self-mining activities in March 2025, the Company has not generated revenue from digital currency operations. As of the date of this Report, the Company has not resumed mining or hosting activities, and future revenue wil…
Cost of revenue for the three months ended June 30, 2026, decreased by $11, or 100%, to $0, as compared to $11 for the three months ended June 30, 2025. This decrease is entirely attributable to the complete cessation of all self-mining and third-party hosting activities at our LaFayette facility, w…
General and administrative expenses for the three months ended June 30, 2026, decreased by $27, or 15%, to $149, as compared to $176 for the three months ended June 30, 2025. The overall decrease primarily reflected lower audit fees of $23, legal fees of $3, closing-related costs of $6, telephone an…
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Our revenues for the three months ended March 31, 2026 decreased by $87, or 100%, to $0, compared to $87 for the three months ended March 31, 2025. Our revenue is partly derived from cryptocurrency mining, which totaled $0 for the three months ended March 31, 2026 and $29 during the three months end…
We also receive revenues from third parties renting capacity at our facility and from hosting miners owned by others. The Company recognized $0 and $58 during the three months ended March 31, 2026 and 2025, respectively. The decrease in revenues for this period is due to expiration of our lease with…
Operating expenses for the three months ended March 31, 2026 decreased by $99 or 39%, to $152, as compared to $251 for the three months ended March 31, 2025. The decrease in operating expenses was primarily due to the cessation of self-mining and hosting activities in March 2025 resulting in a decre…
The decrease in cost of revenue of $78 or 100% to $0 for the three months ended March 31, 2026, as compared to $78 for the three months ended March 31, 2025 was primarily due to the cessation of mining and hosting activities at the LaFayette facility in March 2025. The decrease in general and admini…
For the three months ended March 31, 2026, non–operating expense of $30 consisted of interest expense of $25 and accretion of debt discount of $5. During the comparable period ended March 31, 2025, non–operating expense of $50 consisted primarily of interest expense.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice