MGT Capital and Bitmain to launch new bitcoin mining pool

Announcements, ICO News | November 2, 2016 By:

MGT Capital Investments, Inc, announced that it has signed a Letter of Intent with Bitmain Technologies.

The joint venture between MGT and Bitmain will begin by focusing efforts on a state of the art bitcoin mining pool. The companies said the “McAfee Pool” will have many benefits that other mining pools do not include. Some of the features will be an advanced user interface, and network protection and security curated by MGT’s cybersecurity framework.

“Our partnership with an iconic name such as Bitmain Technologies is a major milestone for MGT as it executes it plan to become the major player in bitcoin throughout the western hemisphere. This Partnership will go a long way towards making MGT a leader in the fastest growing segment of financial and industrial cybersecurity,” said John McAfee, Executive Chairman of MGT.

The partner companies plan to offer both institutional and individual access to affordably priced mining hash from U.S. based facilities that are maintained by MGT. MGT looks forward in making announcements in the near future regarding the brand identity and economics of the cloud hashing ventures.