MGT Capital Investments, Inc. Appoints Bryan Seely to Hacker Advisory Board
June 13, 2016 at 10:30 am EDT
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MGT Capital Investments, Inc. announced the appointment of Bryan Seely, an ethical hacker and author of 'Cyber Fraud: The Web of Lies,' to its Hacker Advisory Board, effective immediately. Seely is currently Chief Information Security Officer of J4 Capital LLC and an advocate for cyber security through his public speaking events and published books.
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.