MGT Capital Investments Inc MGTI

MGT Capital Investments, Inc. is engaged in cryptocurrency activities with operations at an owned and managed Bitcoin mining facility in LaFayette, Georgia. The Company’s business activities are comprised of self-mining operations, providing hosting services, and leasing space to third parties. The Company owned approximately 35 Antminer S19 Pro miners providing about 3 Ph/s in hash power for self-mining. It also offers third-party owners of miners a hosting service whereby the Company operates and maintains the miners for a fixed monthly fee. Its miners and those hosted for others are housed in a modified shipping container on the Company’s owned property in Georgia. The Company owns the entire facility, including land and improvements, five 2500 kilovolt-amp (KVA) three-phase transformers, and three mining containers. The Company is exploring the 10 MW expansion potential at its property as well as investigating other sites to develop Bitcoin mining facilities.

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MGT Capital Investments Inc

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Post by jsaispadkjparleon Dec 20, 2017 1:09pm

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Update - Power deal could see up to 15,000 new Bitmain rigs

Dec. 20, 2017 /PRNewswire/

FYI - This was updated this morning 09:20 ET

"We are ecstatic to report that we have entered into agreements to secure reliable and adequate electric power in Sweden, and expect to begin deployment of mining rigs there by the end of next month. Moreover, the initial phase of this relationship will give the Company 25 MW of power, enough for over 15,000 Bitmain S-9 mining rigs."

https://www.prnewswire.com/news-releases/mgt-capital-provides-update-at-annual-meeting-of-stockholders-300573899.html

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