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MGT Capital Investments Inc MGTI

Financial Services Electronic Gaming & Multimedia Blockchain Cryptocurrency
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.


GREY:MGTI - Post by User

MGT Capital Investments Inc
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Comment by Bulkleyon May 25, 2017 12:34pm
184 Views
Post# 26283338

RE:RE:RE:RE:Anyone else out there?

RE:RE:RE:RE:Anyone else out there?Any clue as to what is going on? I get bitcoin has been on a bit of a heater, and the recent new releases with upping their bitcoin production bodes well for the company. But does it justify a 50% stock price increase and 3.3M volume? Im happy with it dont get me wrong, but im curious to know of the cause. 
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