Business
MGT Capital Provides Update at Annual Meeting of Stockholders
MGT Capital Provides Update at Annual Meeting of Stockholders.
About this update from Mgt Capital Investments, Inc.
[{"type":"text","content":"\n\n\n\nMGT Capital Provides Update at Annual Meeting of Stockholders\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 Provides Update at Annual Meeting of Stockholders\nAll Proposals Pass; Company also Announces Further Growth Plans for Bitcoin Mining\nPR Newswire\nDURHAM, N.C., Dec. 20, 2017\n\n\n\nDURHAM, N.C., Dec. 20, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTCQB: MGTI) announced that shareholders have approved all proposals presented at yesterday's 2017 Annual Meeting, and have reelected all directors to the board.  Board Chairman H. Robert Holmes commented, \"We very much appreciate the support of our stockholders, large and small, as we execute on our growth plans. The Company has never been stronger operationally or financially, and we should all look forward to a prosperous 2018.\"\n\nThe Company also provided an update on its various business initiatives. With respect to Bitcoin mining activities, Stephen Schaeffer, President of MGT's Crypto Capital Strategies division stated, \"We are ecstatic to report that we have entered into agreements to secure reliable and adequate electric power in Sweden, and expect to begin deployment of mining rigs there by the end of next month.  Moreover, the initial phase of this relationship will give the Company 25 MW of power, enough for over 15,000 Bitmain S-9 mining rigs.\"\n\nAbout MGT Capital Investments, Inc.\n\nWith facilities in WA state, MGT Capital Investments, Inc. (OTCQB: MGTI) ranks as one of the largest U.S. based Bitcoin miners. Further, the Company continues to focus on an expansion model to grow its crypto assets materially. \n\nThe Company is also developing a portfolio of cyber security technologies, with industry pioneer John McAfee as its visionary leader, creating advanced protection technologies for mobile and personal tech devices, as well as corporate networks. The Company's first product, Sentinel, an enterprise class network intrusion detector was released in October 2017. The Company also has entered into a joint venture with Nordic IT to develop and market a mob...