{"url_path":"/sec/mgti/10-k/2026/item-9a","section_key":"item-9a","section_title":"Item 9A Controls and Procedures**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-03-17","source_url":"https://www.sec.gov/Archives/edgar/data/1001601/0001493152-26-010453-index.html","accession_number":"0001493152-26-010453","cik":"0001001601","ticker":"MGTI","issuer_name":"MGT CAPITAL INVESTMENTS, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1001601/0001493152-26-010453-index.html","primary_entity_key":"0001001601","primary_entity_name":"MGT CAPITAL INVESTMENTS, INC."},"word_count":773,"has_tables":true,"body_markdown":"**Item\n9A. Controls and Procedures**\n\n \n\n*Evaluation\nof Disclosure Controls and Procedures*\n\n \n\nWe\nmaintain disclosure controls and procedures designed to ensure that the information we are required to disclose in reports that we file\nor submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified under the rules and\nforms of the SEC. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that such\ninformation is accumulated and communicated to our management, including our Interim Chief Executive Officer and our Chief Financial\nOfficer, as appropriate to allow timely decisions regarding required disclosures. As required by paragraph (b) of Rules 13a-15 and 15d-15\nunder the Exchange Act, our Interim Chief Executive Officer (our principal executive) and Chief Financial Officer (our principal financial\nofficer and principal accounting officer) carried out an evaluation of the effectiveness of the design and operation of our disclosure\ncontrols and procedures as of December 31, 2025. Based on this evaluation, our Interim Chief Executive Officer and Chief Financial Officer\nconcluded that our disclosure controls and procedures (as defined in paragraph (e) of Rules 13a-15 and 15d-15 under the Exchange Act)\nwere not effective as December 31, 2025, due to the material weaknesses described below\n\n \n\n16\n\n \n\n \n\n*Limitations\non Internal Control over Financial Reporting*\n\n \n\nAn\ninternal control system over financial reporting has inherent limitations and may not prevent or detect misstatements. Therefore, even\nthose systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.\nAlso, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because\nof changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. However, these inherent limitations\nare known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though\nnot eliminate, this risk.\n\n \n\n*Management’s\nAnnual Report on Internal Control over Financial Reporting*\n\n \n\nOur\nmanagement is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Exchange\nAct Rule 13a-15(f) and 15d-15(f). Internal control over financial reporting is a process used to provide reasonable assurance regarding\nthe reliability of our financial reporting and the preparation of our financial statements for external purposes in accordance with generally\naccepted accounting principles in the United States. Internal control over financial reporting includes policies and procedures that\npertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our\nassets; provide reasonable assurance that transactions are recorded as necessary to permit preparation of our financial statements in\naccordance with generally accepted accounting principles in the United States, and that our receipts and expenditures are being made\nonly in accordance with the authorization of our board of directors and management; and provide reasonable assurance regarding prevention\nor timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial\nstatements.\n\n \n\nUnder\nthe supervision and with the participation of our management, including our Interim Chief Executive Officer (our principal executive)\nand Chief Financial Officer (our principal financial officer and principal accounting officer), we performed a complete documentation\nof the Company’s significant processes and key controls, and conducted an evaluation of the effectiveness of our internal control\nover financial reporting based on the framework in Internal Control—Integrated Framework issued by the Committee of Sponsoring\nOrganizations of the Treadway Commission in 2013. Based on this evaluation, management concluded that our internal control over financial\nreporting was not effective as of December 31, 2025, due to the material weaknesses described below.\n\n \n\nA\nmaterial weakness is defined within the Public Company Accounting Oversight Board’s Auditing Standard No. 5 as a deficiency or\na combination of deficiencies in internal control over financial reporting, such that there is a reasonable possibility that a material\nmisstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. We determined\nthat our internal control of financial reporting had a material weakness due to the small size of the Company, the Company does not maintain\nsufficient segregation of duties to ensure the processing, review and authorization of all transactions including non-routine transactions.\n\n \n\nThis\nAnnual Report on Form 10-K does not include an attestation report of the Company’s independent registered public accounting firm\nregarding internal control over financial reporting since the Company is a smaller reporting company under the rules of the SEC.\n\n \n\n*Changes\nin Internal Control over Financial Reporting*\n\n \n\nDuring\nthe year ended December 31, 2025, there were no changes in internal control over financial reporting."}