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Saturday, September 09, 2017 9:26:36 PM
HIGHLIGHTS
As part of its corporate investment in secure technologies, MGT continues to grow its capacity for mining Bitcoin. Expanding on existing operations, the Company's facility in Washington state is one of the largest North American Bitcoin miners.
The size and power efficiency of our facilities will allow MGT to emerge as a domestic leader in cryptocurrency mining at an opportune time. With the growth in adoption of Bitcoin as well as the trending rise in the value of Bitcoin, mining is extremely profitable and allows the Company to return value to the shareholders.
This significant commitment to an in-house mining facility also prepares MGT for the increased processing demands of the many new Blockchain technologies on the horizon. As the demand for transaction processing grows, MGT will redirect its mining machines towards supporting other tasks on the Blockchain.
MGT maintains a strong working relationship with the senior management of Bitmain technologies. Bitmain is recognized as the industry leader in manufacturing of Bitcoin mining hardware. This strategic relationship affords MGT accessibility to Bitmain’s newest and most technologically advanced hardware.
http://www.mgtci.com/content/vision/bitcoin/index.html
$MGTI
Recent MGTI News
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/30/2024 10:00:26 AM
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- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:30:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 06:21:10 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/29/2023 05:15:26 AM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:32 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/22/2023 09:30:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 01:30:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/13/2023 04:29:30 PM
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