MGT Capital Investments, Inc. Appoints Bruce Fenton to Cryptocurrency Advisory Board
June 15, 2016 at 09:15 am EDT
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MGT Capital Investments, Inc. announced the appointment of Bruce Fenton to its Cryptocurrency Advisory Board, effective immediately. Fenton is currently the Executive Director of the Bitcoin Foundation, and founder and CEO of Atlantic Financial. Fenton also advises U.S. and global investment clients and provides consulting and project based services to banks, financial organizations, charitable organizations and families. Early in his career, Fenton worked for Morgan Stanley Dean Witter (formerly Dean Witter) starting in 1992. At Morgan Stanley Dean Witter, he was a specialist in managed accounts and one of the youngest stockbrokers ever to work for the company.
MGT Capital Investments, Inc. is engaged in cryptocurrency activities with operations at an owned and managed Bitcoin mining facility in LaFayette, Georgia. The Companyâs business activities are comprised of self-mining operations, providing hosting services, and leasing space to third parties. The Company owned approximately 35 Antminer S19 Pro miners providing about 3 Ph/s in hash power for self-mining. It also offers third-party owners of miners a hosting service whereby the Company operates and maintains the miners for a fixed monthly fee. Its miners and those hosted for others are housed in a modified shipping container on the Companyâs owned property in Georgia. The Company owns the entire facility, including land and improvements, five 2500 kilovolt-amp (KVA) three-phase transformers, and three mining containers. The Company is exploring the 10 MW expansion potential at its property as well as investigating other sites to develop Bitcoin mining facilities.
MGT CAPITAL INVESTMENTS, INC. 
