MGT Capital Investments, Inc. Appoints Erik Voorhees to Cryptocurrency Advisory Board
June 14, 2016 at 09:15 am EDT
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MGT Capital Investments, Inc. announced the appointment of Erik Voorhees, a highly recognized serial Bitcoin advocate and entrepreneur, to its Cryptocurrency Advisory Board, effective immediately. Erik Voorhees is an American and Panamanian startup founder. Currently, he is the founder and CEO of the instant bitcoin and altcoin exchange ShapeShift.io. Previously, Voorhees co-founded the bitcoin company Coinapult, a cryptocurrency wallet and broker, which allows users to buy, sell, send and receive bitcoin all in one place. He also served as the Head of Marketing at BitInstant, an online payment processor that facilitates the transfer of funds between Bitcoin exchanges.
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. 
