MGT Capital Investments, Inc. (the Company) entered into a Secured Convertible Promissory Note Exchange Agreement on June 30, 2026, with Project Nickel LLC. This agreement settled a $1,220,240.00 outstanding Secured Convertible Promissory Note dated September 22, 2025. In exchange for extinguishing the debt, the Company issued 3,250,000 shares of Series E Convertible Preferred Stock and 750,131,126 shares of Common Stock to Project Nickel LLC. Separately, on June 30, 2026, the Company entered into a Securities Purchase Agreement with David M. Garrity, issuing 150,000,000 shares of Common Stock for $50,000 at $0.00033 per share. The Series E Preferred Stock includes a 9.9% Beneficial Ownership Limitation. On July 6, 2026, the Board of Directors was expanded from one to three members, with Jonathan M. Pfohl (Interim CEO and CFO) and David M. Garrity appointed as new directors.