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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.:

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Current Price
Bid Ask Day's Range
MGTI News: Current Report Filing (8-k) 01/09/2017 05:31:26 PM
MGTI News: Current Report Filing (8-k) 11/21/2016 03:43:06 PM
MGTI News: Statement of Changes in Beneficial Ownership (4) 11/18/2016 04:12:31 PM
MGTI News: Amended Quarterly Report (10-q/a) 11/17/2016 06:05:08 AM
MGTI News: Current Report Filing (8-k) 11/03/2016 06:22:13 AM
#21774  Sticky Note He blames shorts, Investors Hub and Social Media. Info_Sec 12/07/16 03:54:02 PM
#22639   Wonk wonk wonk todd72113 01/23/17 11:07:54 AM
#22638   Bitcoin $926 and rising. Selenelion7722 01/23/17 10:08:44 AM
#22636   No one is crying. Carry on !!!! todd72113 01/21/17 11:58:13 PM
#22632   What is not understood that JM is the CEO? MadHatter326 01/21/17 11:42:52 PM
#22631   It's that too. Pretty much just a scam todd72113 01/21/17 03:44:56 PM
#22630   What happened to this being a share selling scam? CantonG 01/21/17 03:43:21 PM
#22629   Looks bad, is RobertLadd satisfied at a dollar? lineItemVeto 01/21/17 12:25:28 PM
#22628   What happened to the alleged $3.00 call a todd72113 01/21/17 12:17:27 AM
#22625   Totally disagree............4.8 M coin at $1000 each is MadHatter326 01/20/17 12:42:13 PM
#22624   There is only possibly bitcoin, and ethereum worth pie777 01/20/17 11:20:57 AM
#22623   Good thing JM said he would mine the CantonG 01/20/17 08:26:36 AM
#22622   There are only 21 Million Bitcoin. Info_Sec 01/20/17 12:49:04 AM
#22621   LMAO, that was for only one month, over MadHatter326 01/19/17 04:16:13 PM
#22620   Bitcoin mining revenue @ 53K. pie777 01/19/17 09:50:08 AM
#22619   Spot on CantonG! Very clear in the 10Q MadHatter326 01/18/17 06:25:38 PM
#22618   It said John Mcafee Global Technologies on the RickJames23 01/18/17 05:58:02 PM
#22617   What's the number? Info_Sec 01/18/17 03:43:24 PM
#22616   There is a ledger with bitcoin mining numbers, CantonG 01/18/17 02:24:37 PM
#22615   Show me where it says otherwise on the 10Q. pie777 01/18/17 02:04:53 PM
#22614   10q says otherwise, sorry. CantonG 01/18/17 01:17:21 PM
#22613   yes because its not possible that they added RickJames23 01/18/17 01:05:53 PM
#22612   Bitmain maintains one of the largest bitcoin mining pie777 01/18/17 12:57:32 PM
#22610   No proof of bitcoin mining facility. = No pie777 01/18/17 12:42:42 PM
#22609   and that is at current bitcoin prices. Imagine RickJames23 01/18/17 12:22:44 PM
#22608   40 petahash = 40000000 gigahash = $9,629,330.82 per year CantonG 01/18/17 12:19:29 PM
#22607   Around 10 per day? Not sure. CantonG 01/18/17 12:06:35 PM
#22606   I wonder how much is that alone in RickJames23 01/18/17 12:04:06 PM
#22605   Thank Bitmain for getting us those machines fast CantonG 01/18/17 11:54:17 AM
#22604   Yup!! WHOOHOO!! Watch this climb!! CantonG 01/18/17 11:53:05 AM
#22603   Did Mcafee say MGT will be at 40 RickJames23 01/18/17 11:35:09 AM
#22602   Its up over 300% from a year ago BarbenCrotts 01/18/17 09:56:30 AM
#22601   Still below 1,100. FlyingBird 01/18/17 02:02:53 AM
#22600   Bitcoin over $900 again RickJames23 01/17/17 08:30:15 PM
#22599   It took off? Info_Sec 01/17/17 07:00:49 PM
#22598   You are correct that MGT took off on BarbenCrotts 01/17/17 04:32:46 PM
#22597   Its going to wither making millions a year. RickJames23 01/17/17 04:21:44 PM
#22596   MGT already took off, several months ago, it's lineItemVeto 01/17/17 04:14:54 PM
#22595   MGT could take off any day... any minute, BarbenCrotts 01/17/17 04:04:32 PM
#22594   Startups are scary and risky. Its inherent BarbenCrotts 01/17/17 03:49:07 PM
#22593   MGT is right where a startup should be. BarbenCrotts 01/17/17 03:45:14 PM
#22592   True, especially if one only took a fraction MadHatter326 01/17/17 03:21:48 PM
#22591   It's a scam it'll never happen todd72113 01/17/17 03:16:08 PM
#22590   So much for this being a stock selling scam. CantonG 01/17/17 03:14:35 PM
#22589   Once on NASDAQ this will hit $3.00 very fast RickJames23 01/17/17 03:14:34 PM
#22588   So much for the $3.00 some were calling for. todd72113 01/17/17 02:56:11 PM
#22587   From: lineItemVeto - "There will be an 8-K pie777 01/17/17 02:43:57 PM
#22586   More like; "pushed out after his usefulness is lineItemVeto 01/17/17 02:16:56 PM
#22585   It's like saying John is going to step CantonG 01/17/17 12:58:13 PM
#22584   I would not hold my breath on that MadHatter326 01/17/17 12:52:45 PM
#22583   Very Interesting, I would not be surprised to MadHatter326 01/17/17 12:51:55 PM