MGT Capital Investments Inc. (MGTI)

[biotechnician]

NEWS DURHAM, N.C., Aug. 17, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) Today, MGT announced the deployment of 650 new Bitmain S9 Bitcoin mining rigs. These units are located at a new multi MegaWatt facility in central Washington state. The Company anticipates completing the installation and reaching full production within the next two weeks. The incorporation of these new mining rigs continues MGT's strategy to boost its competitive edge in this rapidly growing industry.

Stephen Schaeffer, President of MGT Crypto-Capital Strategies stated, "With the recent highs of $4,500 per bitcoin, the business of mining is as profitable as ever. I couldn't be more excited about the timing of my new appointment, and I truly believe we will build MGT into a mining powerhouse in the U. S."

The Company recently passed a milestone of having mined 1,000 bitcoins since it began operations in September 2016. Robert Ladd, Chief Executive Officer of MGT commented, "We are committed to this sector and look forward to updating stockholders on our continuing growth."