MGT Capital Investments

MGT Capital Investments, Inc. engages in the cryptocurrency mining business. The company is headquartered in Raleigh, North Carolina. The Company’s business activities are comprised of self-mining operations, providing hosting services, and leasing space to third parties. The firm owned approximately 35 Antminer S19 Pro miners providing about 3 Ph/s in hash power for self-mining. The company 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 firm owns the entire facility, including land and improvements, five 2500 kilovolt-amp (KVA) three-phase transformers, and three mining containers. The firm is exploring the 10 MW expansion potential at its property as well as investigating other sites to develop Bitcoin mining facilities.