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MGT Capital Investments Inc. (MGTI)

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TeraExchange recently launched the first and only U.S. regulated trading platform for bitcoin swap contracts. By offering a bitcoin derivative product with regulatory structure and controls, TeraExchange created an exciting opportunity for institutional investors to confidently participate in bitcoin the marketplace



HARRISON, N.Y., Feb. 27, 2015 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that it has entered into a Letter of Intent ("LOI") with Tera Group, Inc., ("Tera") owner of TeraExchange, LLC, a Swap Execution Facility regulated by the Commodity Futures Trading Commission ("CFTC").  Pursuant to the LOI, both companies will work diligently to finalize and execute a definitive agreement by March 16, 2015.

MGT will then file a combination S-4 Prospectus and Proxy Statement with the Securities and Exchange Commission.  Under the contemplated terms of the agreement, and subject to stockholder approval, MGT will issue shares of its common stock to the current owners of Tera, representing 70% of the pro forma equity of the combined companies at closing.

Tera has played a leading role in the development of bitcoin derivatives. In September 2014, Tera launched on TeraExchange the first regulated Bitcoin derivative products, and a spot Bitcoin price index.  Trading of USD/Bitcoin derivatives is subject to the rules and regulations of TeraExchange and the CFTC.  The Tera Bitcoin Price Index ("TeraBit") employs a dynamic algorithm that compiles and filters data on a real-time basis from a number of widely utilized global Bitcoin spot exchanges.  The TeraBit Index will be used as the settlement rate for USD/Bitcoin derivatives transactions.  

"Growing consumer and merchant adoption of bitcoin is driving demand for regulated capital markets solutions. By combining with MGT, Tera will create a unique public offering to support the essential infrastructure needed for a vibrant global bitcoin ecosystem," said Christian D. Martin, Chairman, Chief Executive Officer and Co-Founder of Tera.

"The proposed merger with Tera gives immediate and future value to our stockholders, while creating a robust platform for the growth of the industry's first publicly listed bitcoin derivatives exchange," said H. Robert Holmes, Chairman of MGT's board of directors, "The Bitcoin industry attracted over $400 million of investment capital from some of the world's most prominent investors over the past 12 months; we see our move today as further progress in the broader adoption of the industry."

Tera is led by a talented management team with a combined 47 years of experience in capital markets and derivative products, 43 years in legal and regulatory, and 46 years in technology development and engineering.

Mr. Martin spent more than 20 years in senior trading and management positions at Merrill Lynch and Bank of America, where he was responsible for global trading desks of interest rates, credit, and financing - securities lending transactions.

President, COO and Co-Founder Leonard T. Nuara was formerly a shareholder in the international law firm of Greenberg Traurig LLP.  Prior to that, he was Chair of the Technology and Intellectual Property Group at Thacher Proffitt & Wood LLP.  He is a nationally recognized leader in the technology and intellectual property fields.

Chief Commercial Officer John Maguire spent 18 years at Goldman Sachs, where he held various roles, including interest rate and cross asset derivative sales, marketing, and business development. Mr. Maguire is also the former Global Head of Trading at Bridgewater Associates, the largest hedge fund in the world.

Source Capital Group, Inc. acted as sole financial advisor to Tera Group.

About MGT Capital Investments, Inc.
MGT Capital and its subsidiaries operate social and real money gaming sites online and in the mobile space, including ownership of the 3rd largest daily fantasy sports wagering platform,  The Company also offers games of skill through and social casino games with SlotChamp™, and also operates an online portal for fantasy sports news and commentary,  MGT also launched Daily Fantasy Legend in partnership with Facebook to become the First Daily Fantasy Platform on Social Media.  In addition, the Company owns intellectual property relating to slot machines and has asserted its claims via patent infringement lawsuits.

About Tera Group, Inc.
Tera Group owns TeraExchange LLC, a Swap Execution Facility (SEF) regulated by the Commodity Futures Trading Commission and provides market participants with access to Bitcoin derivatives, interest rate swaps, credit default swaps and non-deliverable forwards.  TeraExchange is a global pioneer in the derivatives marketplace and provides a multi-asset class platform for trading of an array of financial instruments.
















"On Tuesday, McAfee told CNNMoney he's lost everything. Only a tiny fraction of his one-time $100 million net worth survived the 2008 market crash. But his fortunes really took a hit in 2012, when McAfee fled Belize police who aggressively sought him for questioning on the death of his neighbor.

The government raided his jungle compound and seized everything inside. The buildings on McAfee's property later burned down under suspicious circumstances.

"Everything I owned was in Belize. I left with nothing in my pocket," he said.

McAfee said most of his remaining riches were in the vast art collection he left behind. He claims that the Belize government auctioned off many of his belongings, but his art pieces never showed up.

McAfee is now living in an apartment in Montreal, Canada, with his wife Janice. He's getting by on consulting work -- shelling out advice to firms on acquisitions, technology and internal restructuring."

Actual unretouched selfie of John McAfee - seriously!

"Known for his outspokenness and getting himself into a spot of trouble, John McAfee is certainly a colourful character in the tech industry. Since he became a suspect in the death of his neighbour in Belize back in 2012, McAfee has been arrested for driving under the influence with a handgun, revealed he is running for President, and released a bizarre video featuring scantily clad women, ‘bath salts’ and a guide on how to uninstall McAfee Antivirus." -

Trailer for Showtime documentary "Gringo: The Dangerous Life of John McAfee" -

MGT changed to MGTI, and delisted from the NYSE Amex to the OTC.:

Who is the face of Future Tense? Janice Dyson, John McAfee's hooker and career criminal.
"McAfee's girlfriend, Janice Dyson, is a former stripper and prostitute. They first met in Miami.

JANICE DYSON:    He was visiting and from Belize. I met him on South Beach. He was at the cafe, having a cup of coffee and I'd walk by with my girlfriend and when he saw my butt he said that he had to know who I was and so he told me I have the finest ass in Miami,  which..."

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MGTI News: Statement of Ownership (sc 13g) 03/22/2017 03:01:41 PM
MGTI News: Current Report Filing (8-k) 03/20/2017 05:27:17 PM
MGTI News: Current Report Filing (8-k) 03/20/2017 04:14:09 PM
MGTI News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 03/16/2017 05:31:18 PM
MGTI News: Current Report Filing (8-k) 03/09/2017 05:21:47 PM
#23514  Sticky Note I think news will spread of the scam Info_Sec 03/09/17 10:27:07 PM
#23950   Utter Nonsense! I Need Money 03/28/17 05:38:35 PM
#23949   Uplisting is the only way! Otherwise nothing could skwong 03/28/17 05:13:53 PM
#23948   What do you all hope to see on deallooker 03/28/17 03:21:33 PM
#23947   I've witnessed some pretty incredible runs here. hobowilly 03/28/17 01:01:07 PM
#23946   I would be happy to be proven wrong! CantonG 03/28/17 12:51:56 PM
#23945   Anything is possible on Pink Sheets. ;-) hobowilly 03/28/17 12:09:51 PM
#23944   Short term absolutely not on pink sheets. CantonG 03/28/17 11:13:00 AM
#23943   Seems like John McAfee life is very inspirational sunnychang 03/28/17 11:01:56 AM
#23942   Wait for it.. .. .. .. WHOA!!! hobowilly 03/28/17 10:47:07 AM
#23941   WOW, a 1.75% drop on news of Johnny deallooker 03/28/17 10:44:10 AM
#23940   If you wish hard enough they will probably deallooker 03/28/17 10:41:08 AM
#23939   WOW, a .58% spike on news of Johnny hobowilly 03/28/17 10:17:16 AM
#23938   WOW, great news for John McAfee and MGTI. hobowilly 03/28/17 09:58:55 AM
#23937   Unless good ER is out by 3/31/2017 aftermarket? Watkins 03/28/17 09:55:02 AM
#23936   Told ya cheche770 03/28/17 09:41:17 AM
#23935   Deadline reports the movie, titled King Of The sick nam vet 03/28/17 07:20:18 AM
#23934   1.15 dollars soon. It's too cold out for Watkins 03/28/17 03:58:24 AM
#23933   7 cents soon. jimr1717 03/28/17 01:38:08 AM
#23932   More great publicity coming our way, Johnny Depp CantonG 03/28/17 01:20:25 AM
#23931   Utter Nonsense! The March 1st 2017 PR Watkins 03/27/17 09:57:42 PM
#23930   Utter Nonsense! MadHatter326 03/27/17 09:37:34 PM
#23929   Since when did mgti lie about having 50% deallooker 03/27/17 04:02:32 PM
#23928   They probably are but no announcement of JV yet. CantonG 03/27/17 03:02:10 PM
#23927   Bitmain and MGTI are in a partnership, so Selenelion7722 03/27/17 02:57:49 PM
#23926   Says fully operational in 2nd quarter so shouldn't deallooker 03/27/17 02:07:14 PM
#23925   This is where one of the lies started. deallooker 03/27/17 02:00:31 PM
#23924   I see in that March 1st PR that Watkins 03/27/17 01:01:37 PM
#23923   There own news wire says it is at deallooker 03/27/17 12:49:53 PM
#23921   This is shaping up to be a $100 CantonG 03/27/17 11:51:03 AM
#23920   It's all good here, the plan is coming together. hobowilly 03/27/17 11:46:36 AM
#23919   They said on October 16th 2016, they said Watkins 03/27/17 10:21:03 AM
#23918   Nope. In Oct 16 they said they would deallooker 03/27/17 10:10:48 AM
#23917   Didn't they deliver 10 Petahash by year end Watkins 03/26/17 02:54:23 PM
#23916   Baahahaha who's wealth has been increased??? Oh deallooker 03/26/17 11:45:51 AM
#23915   Lol..thats absurd elvisonfire 03/26/17 02:28:09 AM
#23914   Utter nonsense elvisonfire 03/26/17 02:27:45 AM
#23913   Market does not seem to care. Seems MadHatter326 03/25/17 10:11:11 PM
#23912   The market does not care. If his company Watkins 03/25/17 09:42:28 PM
#23909   Wow take a look at this. Lots of penknee 03/25/17 03:43:18 PM
#23906   This board is for discussing MGT. John is hobowilly 03/25/17 03:10:30 PM
#23904   "Nothing as far as I can tell and penknee 03/25/17 02:50:15 PM
#23903   The link and quote was from the CEO's hobowilly 03/25/17 02:31:41 PM
#23902   The link and quote was from the CEO's penknee 03/25/17 02:13:42 PM
#23901  Restored I didn't "take anything" I posted a link hobowilly 03/25/17 01:29:56 PM
#23900   I didn't "take anything" I posted a link penknee 03/25/17 11:43:14 AM
#23899  Restored Investors couldn't give two ---- about a "role hobowilly 03/25/17 10:27:04 AM
#23898   Obviously the CEO is interested in that stuff. penknee 03/25/17 10:15:37 AM
#23897  Restored No one is interested in that stuff because hobowilly 03/25/17 08:45:10 AM
#23896   John McAfee's Latest Interview "My 21st Century interview about penknee 03/24/17 03:03:59 PM
#23895   you do know who got the 2 million rabbit67 03/23/17 06:00:29 PM