MGT Capital Investments Engages B. Riley Securities as Exclusive Financial Advisor to Support Strategic Growth Initiatives
Rhea-AI Summary
MGT Capital Investments (OTC: MGTI) has engaged B. Riley Securities as its exclusive financial advisor to support strategic growth initiatives, including identifying transformational acquisition targets and sourcing strategic capital. The company plans to prioritize high-growth opportunities in artificial intelligence, data center infrastructure, robotics and adjacent technology industries.
According to MGT, this mandate follows a recent restructuring aimed at eliminating debt and enhancing the Board of Directors. Management views the combination of a cleaner balance sheet, strengthened governance, and B. Riley’s capital markets and advisory experience as positioning MGT to pursue strategic goals and potential value creation for shareholders.
Positive
- Recent restructuring eliminated company debt and enhanced Board of Directors
- Engagement of B. Riley Securities as exclusive financial advisor for M&A and capital
- Stated focus on high-growth sectors including AI, data centers, and robotics
Negative
- None.
News Market Reaction – MGTI
In the Aug 4 session, MGTI declined 6.67%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MELBOURNE, FL, Aug. 04, 2026 (GLOBE NEWSWIRE) -- MGT Capital Investments, Inc. (OTC: MGTI) (“MGT” or the “Company”) announced today that it has retained B. Riley Securities, Inc. (“B. Riley”) as its exclusive financial advisor to support the Company’s strategic growth initiatives.
B. Riley will advise the Company on identifying transformational acquisition targets and sourcing strategic capital. While the Company will consider opportunities across various industry sectors, it will primarily focus on high growth targets in artificial intelligence, data center infrastructure, robotics and adjacent technology industries.
“Our recent restructuring to eliminate our debt, enhance our Board of Directors, and retain B. Riley marks an important next chapter in our corporate evolution and positions us to grow our company,” said Jonathan M. Pfohl, Interim Chief Executive Officer and Chief Financial Officer of MGT Capital Investments. “B. Riley brings a proven track record in capital markets and advisory services, and we look forward to collaborating with their team to execute on our strategic goals and maximize shareholder value.”
About MGT Capital Investments, Inc.
MGT Capital Investments, Inc. (OTC: MGTI) is a technology and growth-focused enterprise evaluating strategic corporate alternatives and opportunities across expanding digital and technology sectors.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections about future events and are subject to risks and uncertainties that could cause actual outcomes to differ materially. MGT assumes no obligation to update forward-looking statements except as required by law.
Contacts:
MGT Capital Investments, Inc.
Jonathan M. Pfohl
Interim Chief Executive Officer & CFO
Email: ir@mgtci.com
