MgNi2Bi4 was grown from the reaction of magnesium and nickel in excess bismuth flux It forms as large, malleable crystals with a new structure type in orthorhombic space group Cmcm. The structure contains a building block common to Ni-Bi binary phases-nickel zigzag chains running along one direction and surrounded by bismuth. Magnetic susceptibility and transport measurements indicate that the compound is metallic; this is supported by calculations of density of states. Crystal orbital Hamilton population analyses indicate that Ni-Bi interactions are the strongest bonding interactions in the structure, whereas Bi-Bi bonding between the layers is negligible, making MgNi2Bi4 a potential two-dimensional material.