# Zero revenue, 35 crated rigs and 1.65 billion new shares: how MGT is buying time

MGT is sitting on $232,000 in cash. Over a span of just over seven months, it tacked roughly 1.65 billion common shares onto its count. The two figures appear in the same filing, and the share issuance is the only reason the cash line hasn't gone to zero. Filed Aug. 7, the quarterly report lists 6.2

| Fact | Value |
| --- | --- |
| Published | 10 August 2026 |

Source: https://egamers.io/zero-revenue-35-crated-rigs-and-1-65-billion-new-shares-how-mgt-is-buying-time/