Business
MGT Capital Names Stephen Schaeffer Chief Operating Officer
MGT Capital Names Stephen Schaeffer Chief Operating Officer.
About this update from Mgt Capital Investments, Inc.
[{"type":"text","content":"\n\n\n\nMGT Capital Names Stephen Schaeffer Chief Operating Officer\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMGT Capital Names Stephen Schaeffer Chief Operating Officer\nPR Newswire\nDURHAM, N.C., July 17, 2018\n\n\n\nDURHAM, N.C., July 17, 2018 /PRNewswire/ -- MGT Capital Investments, Inc. (OTCQB: MGTI) announced today the appointment of Stephen Schaeffer as Chief Operating Officer of MGT. Mr. Schaeffer has served as President of the Company's Crypto-Capital Strategies division since August 2017. In this role, Mr. Schaeffer has led the Company's crypto team domestically as well as the expanded operation in Sweden. Mr. Schaeffer has an extensive background in building and operating large scale crypto mining centers since 2012. In addition, he has strong relationships with some of the largest hardware manufacturers as well as many of the most influential individuals in the Bitcoin industry.\n\nIn his new role as COO, Mr. Schaeffer will continue to head Bitcoin mining operations, providing MGT with higher visibility as he focuses on development of expansion opportunities and new investment partnerships. His earlier business experience includes over 20 years on Wall Street as an equities trader and an adviser to small to mid-sized public companies. \n\nRobert Ladd, Chief Executive Officer of MGT commented, \"We are very pleased to recognize Steve's accomplishments with the Company and are confident as he assumes his new responsibilities.\"\n\nMr. Schaeffer stated, \"I am extremely excited and honored to work with our team at MGT as we strategize and execute on our growth plans in the crypto mining arena.\" \n\nAbout MGT Capital Investments, Inc.\n\nOperating in facilities in northern Sweden and Washington State, MGT Capital Investments, Inc. (OTCQB: MGTI) ranks as one of the largest U.S. based Bitcoin miners. MGT owns and operates approximately 6,800 Bitmain S9 miners, and 50 GPU-based Ethereum mining rigs. Further, the Company continues to execute on an expansion model to secure low cost power and grow its crypto assets materially. \n\nFor more information on t...