MGT Capital bitcoin mining pool to be fully available in the second quarter of 2017

Announcements | March 6, 2017 By:

MGT Capital Investments announced that its btcoin Mining Pool is scheduled to be fully available to the bitcoin network early in the second quarter of 2017.

“Our mining pool is a natural outgrowth of our investment in Blockchain technology as a foundation for future cyber security products. Large and respected Bitcoin mining operators will rapidly take over the enormous transaction processing requirements necessary for all companies to secure themselves in the near future. As a publicly-traded company, MGT leverages our unique opportunity to provide investors with a suitable proxy to participate in the profitable bitcoin mining space,” said John McAfee, Chief Executive Officer and Executive Chairman of MGT .

Upon launch, MGT aims to offer the world’s most secure mining pool, branded MacPool, using proprietary cybersecurity utilities, and hosted exclusively on U.S. based servers.

MGT Capital Investments is in the process of acquiring and developing a diverse portfolio of cybersecurity technologies. With industry pioneer John McAfee at its helm, MGT is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, as well as corporate networks.

Also as part of its corporate efforts in secure technologies, MGT is growing its capacity in mining bitcoin. Currently at 5.0 PH/s, the Company’s facility in Washington state produces about 100 bitcoin per month, ranking it as one of the largest U.S.-based Bitcoin miners. Further, MGT is in active discussions with financial partners to grow bitcoin output materially.