MGT Capital Investments, Inc. Announces Board Changes
June 20, 2016 at 07:14 pm
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MGT Capital Investments, Inc. announced the appointment of Gary Miliefsky to its Emerging Large Scale Systems Advisory Board, and Vinny Troia to its Hacker Advisory Board, effective immediately. Miliefsky is the CEO of SnoopWall, Inc. and co-inventor of its innovative breach prevention technologies. Troia is CEO of Night Lion Security. Prior to founding Night Lion he worked for seven years as a security consultant with the US Department of Defense.
MGT Capital Investments, Inc. is engaged in cryptocurrency activities with operations at an owned and managed Bitcoin mining facility in LaFayette, Georgia. The Companyâs 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 Companyâs 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.
MGT CAPITAL INVESTMENTS, INC. 
