News - MGT Capital Investments

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09/14/2022

BIT5IVE LLC and MGT Capital Announce Letter of Intent to Merge

Combined Entity Would Become Significant Player in Bitcoin Mining Infrastructure MGT Issues $1.5 million in Convertible Notes MIAMI, FL and RALEIGH, NC, September 14, 2022 – MGT Capital Investments, Inc. (OTCQB: MGTI) today announced the execution of a non-binding letter of intent to merge with Bit5ive LLC in a stock swap MGT believes will benefit...

MGT AcctgPress Releases, Uncategorized, Updates

05/15/2020

MGT Capital Reports 2020 First Quarter Results

RALEIGH, NC, May 15, 2020 – MGT Capital Investments, Inc. (OTCQB: MGTI) yesterday filed its Form 10-Q quarterly report with the Securities and Exchange Commission for the period ended March 31, 2020. The complete filing can be accessed via the Company’s website or at www.sec.gov. Results for the first quarter reflect operations of the Company-owned...

MGT AcctgPress Releases

05/04/2020

MGT Capital Provides Legal Update

RALEIGH, NC, May 4, 2020 – MGT Capital Investments, Inc. (OTCQB: MGTI) today provided the following legal update: SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF WESTCHESTER BOB THOMAS, derivatively on behalf of MGT CAPITAL INVESTMENTS, INC., Plaintiff, vs. ROBERT B. LADD, JOHN McAFEE, H. ROBERT HOLMES, MICHAEL ONGHAI, NOLAN BUSHNELL, ROBERT S....

MGT AcctgPress Releases

02/03/2020

Phase I of Georgia Facility Fully Operational

RALEIGH, NC, February 3, 2020 – MGT Capital Investments, Inc. (OTCQB: MGTI) today provided an operating update to investors. As of January 31, 2020, the Company is operating 1,500 new generation Bitcoin miners collectively rated at approximately 80 Ph/s at its facility in LaFayette, Georgia. All miners were purchased from Bitmain and possess enough computational...

MGT AcctgPress Releases

11/15/2019

MGT Capital Reports Third Quarter Results

DURHAM, NC, November 15, 2019 — MGT Capital Investments, Inc. (OTCQB: MGTI) yesterday filed its Form 10-Q quarterly report with the Securities and Exchange Commission for the period ended September 30, 2019. The complete filing can be accessed via the Company’s website or at www.sec.gov. Additionally, the Company announced it will hold an investor conference...

MGT AcctgPress Releases

10/31/2019

MGT Purchases 320 Additional Bitmain Bitcoin Miners

MGT Capital Investments, Inc. (OTCQB: MGTI) today provided an operating update to investors. On October 29, 2019, MGT purchased 320 Bitmain S17 Pro Antminers, with contractual shipment within 7 business days. The specific models purchased have a stated hash rate of 50 Th/s in normal mode and up to 62 Th/s when engaged in “turbo”...

MGT AcctgPress Releases

10/02/2019

MGT Commences Bitcoin Mining in LaFayette Georgia Facility

DURHAM, NC, October 2, 2019 MGT Capital Investments, Inc. (OTCQB: MGTI) today provided an operating update to investors. Executing on its strategy to consolidate its Bitcoin mining activities in Company wholly owned and managed facilities, MGT announces the following milestones. The Company has begun Bitcoin mining at its fully owned and operated facility in LaFayette,...

MGT AcctgPress Releases

07/18/2019

MGT Capital Orders 1,100 Next Generation Bitmain Miners

DURHAM, NC, July 18, 2019 — MGT Capital Investments, Inc. (OTCQB: MGTI) today provided the following update to investors. On July 16, 2019, MGT ordered 1,100 Bitmain S17 Antminers from Bitmain, expected to ship from Malaysia in October 2019 without Chinese tariffs. Each miner is rated at a maximum 56 Th/s, allowing for over 60...

MGT AcctgPress Releases

07/10/2019

MGT Capital Investments Provides Operating Update

DURHAM, NC, July 10, 2019 — MGT Capital Investments, Inc. (OTCQB: MGTI) today provided an operating update to investors. Following a complete review of its Bitcoin mining operations, MGT has determined to consolidate its activities going forward in Company-owned and managed facilities. Central to this strategy is the recent purchase of land in LaFayette, GA...

MGT AcctgPress Releases

05/14/2019

MGT Capital Provides Operating Update

DURHAM, NC, May 14, 2019 — MGT Capital Investments, Inc. (OTCQB: MGTI) today provided the following operating update to investors. As previously reported, MGT has been waiting for better economic conditions to resume Bitcoin mining. The recent increase in the price of Bitcoin, without a material increase in the Difficulty Rate, has allowed the Company...

MGT AcctgPress Releases

01/09/2019

MGT Capital Issues Yearend Letter to Shareholders

DURHAM, NC, January 9, 2019 — MGT Capital Investments, Inc. (OTCQB: MGTI) issued the following yearend letter to shareholders from H. Robert Holmes, Chairman of the Board and Interim Chief Executive Officer, Stephen Schaeffer, Chief Operating Officer, and Robert Lowrey, Chief Financial Officer: “We are pleased to report that we have completed the move of our...

MGT AcctgPress Releases

11/21/2018

MGTCI Q3 2018 Investor Update Call

Operator: Good day everyone and welcome to today’s quarterly investor update conference call. At this time all participants are in a listen only mode. Later you will have the opportunity to ask questions during the question and answer session. Please note, this call may be recorded. I will be standing by should you need any...

MGT AcctgUpdates