Mr. Schaeffer was appointed President of MGT Crypto-Capital Strategies in August 2017 and leads the MGT Crypto team domestically and in our newly expanded operation in Sweden. Mr. Schaeffer has an extensive background in building and operating large scale crypto mining centers since 2012. In addition, he brings strong relationships with some of the largest hardware manufacturers a well as many of the most influential individuals in the Bitcoin Industry.
Prior to joining MGT, he was an equities trader on wall street, and theorized the connection of Bitcoin mining to the public markets. The vision was to create the first publicly traded bitcoin miner in the U. S., with a goal to expand operations to be the largest miner in the U.S. Leveraging his Wall Street relationships, Mr. Schaeffer has also been an integral part of our capital raising effort.
Mr. Schaeffer Holds a MS, as well as a Doctorate degree in Oriental medicine, both earned at New York College.