MGT Capital Investments, Inc. announced a corporate restructuring designed to better compete and align resources in the Cryptocurrency and Cybersecurity fields. In conjunction with this reorganization, the company has appointed Stephen Schaeffer as President of MGT Crypto-Capital Strategies. Under Mr. Schaeffer's oversight, the Company has been operating an institutional bitcoin mining platform for the past year.

MGT is currently in the process of deploying additional hashing power at facilities in Washington state to bring production to 18.0 PH/s. In addition to his time with MGT, he traces his knowledge and experience to the early days of bitcoin. John McAfee, currently MGT's Executive Chairman and CEO, has been appointed Chief Cybersecurity Visionary of MGT. In his new role, Mr. McAfee will continue to maximize his value to the company as an industry thought leader and spokesman.

Additionally, he will oversee the design and engineering of current and future cybersecurity platforms. The board of directors has further determined that Robert Ladd, President of the company, will reassume the role of Chief Executive Officer, and that H. Robert Holmes, a long time independent director, will reassume the position of Chairman of the Board. With Mr. McAfee's direction, Mr. Ladd will also oversee the rollout of the company's Sentinel product as well as the continued development of its Privacy Phone.