MacReport.Net, Inc. — Cyborg Score 2/10

Challenged
Cryptocurrency custody and mining

Strategic Profile

The company's strategic positioning centers on holding approved non-security digital assets such as Bitcoin, Litecoin, and Dogecoin, while ensuring regulatory compliance with SEC and FINRA standards through rigorous review processes and infrastructure development. However, fundamental metrics indicate significant financial distress and operational challenges.

Cyborg Score Rationale

MacReport.Net has an Altman Z-Score of -1.35, with a Z-score under 3 suggesting increased risk of bankruptcy. The company exhibits severely negative returns on equity, substantial operating losses, and extreme share volatility unsuitable for institutional investment.

Top Insights

  • Micro-cap status with market cap under $1.5M and extreme volatility (beta 11.57); illiquid OTC trading with minimal institutional ownership
  • Transitioning from legacy web-based media/corporate video business to financial technology and Bitcoin mining with unclear revenue generation
  • Severe financial distress: negative ROE (-362.57%), operating losses of $1.29M, negative free cash flow of $1.88M, and debt-to-equity ratio of 13.58
  • Zero analyst coverage and no earnings guidance; company operates with minimal transparency typical of shell-stage or blank-check entities

Named Competitors

  • Coinbase Custody — Institutional digital asset custody and trading
  • BitGo — Enterprise cryptocurrency custody and infrastructure
  • Marathon Digital — Large-scale Bitcoin mining operations

Recent Developments

  • As of June 2026, company continues operations as early-stage fintech with digital asset focus; no material recent news identified

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