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MGT Capital Investments (MGT Capital Investments) Property, Plant and Equipment : $0.91 Mil (As of Dec. 2023)


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What is MGT Capital Investments Property, Plant and Equipment?

MGT Capital Investments's quarterly net PPE declined from Jun. 2023 ($1.04 Mil) to Sep. 2023 ($0.98 Mil) and declined from Sep. 2023 ($0.98 Mil) to Dec. 2023 ($0.91 Mil).

MGT Capital Investments's annual net PPE declined from Dec. 2021 ($1.28 Mil) to Dec. 2022 ($1.10 Mil) and declined from Dec. 2022 ($1.10 Mil) to Dec. 2023 ($0.91 Mil).


MGT Capital Investments Property, Plant and Equipment Historical Data

The historical data trend for MGT Capital Investments's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MGT Capital Investments Property, Plant and Equipment Chart

MGT Capital Investments Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.61 1.93 1.28 1.10 0.91

MGT Capital Investments Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 1.11 1.04 0.98 0.91

MGT Capital Investments Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


MGT Capital Investments  (OTCPK:MGTI) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


MGT Capital Investments Property, Plant and Equipment Related Terms

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MGT Capital Investments (MGT Capital Investments) Business Description

Traded in Other Exchanges
N/A
Address
150 Fayetteville Street, Suite 1110, Raleigh, NC, USA, 27601
MGT Capital Investments Inc is a U.S. based Bitcoin miner company that conducts cryptocurrency activities at a company-owned and managed Bitcoin mining facility in LaFayette, Georgia. Located adjacent to a utility substation, the several-acre property has access to about 20 megawatts (MW) of electrical power, half of which is presently utilized by the Company. Business activities are comprised of self-mining operations and leasing space to third parties.
Executives
Stephen Schaeffer officer: Chief Operating Officer 512 S. MANGUM STREET, SUITE 408, DURHAM NC 27701
Robert Ladd director, 10 percent owner C/O LADDCAP VALUE ADVISORS LLC, 650 FIFTH AVENUE, SUITE 600, NEW YORK NY 10019
Robert S Lowrey officer: CFO, Treasurer, Secretary 512 S MAGNUM STREET, STE 408, DURHAM NC 27701
Nolan K Bushnell director 5443 BEETHOVEN ST, LOS ANGELES CA 90066
Hugh Robert Holmes director 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528
Iroquois Master Fund Ltd. 10 percent owner 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Joshua Silverman 10 percent owner IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017
Iroquois Capital Management, Llc 10 percent owner 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK, NY 10022
Michael Onghai director 122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001
J&s Gaming, Inc. 10 percent owner 12 MAY HILL LANE, DIX HILLS NY 11746
Laddcap Value Partners Iii Llc other: Managing Member 335 MADISON AVENUE, SUITE 1100, NEW YORK NY 10017
Robert Paul Traversa officer: Chief Financial Officer C/O MGT CAPITAL INVESTMENTS, INC., 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528
Neal Wyman director KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD
Peter Venton director KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD
Richard Wolfe Cohen director ONE NORTH BROADWAY, SUITE 509, WHITE PLAINS NY 10601

MGT Capital Investments (MGT Capital Investments) Headlines

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