Talented C++ Programmer

JOB DESCRIPTION:

MGT Capital Investments, Inc. is seeking a talented C++ programmer to join our exciting team. Do you strive to think outside of the box and push the boundaries every day? Then come secure the future with us. We’re looking for a C++ programmer to work alongside legendary cybersecurity pioneer John McAfee and Eric “Eijah” Anderson (GTA-V, Demonsaw) on the cutting-edge of cybersecurity.

 

ABOUT THE COMPANY:

MGT Capital Investments, Inc. (MGTI) is a cybersecurity company in the process of acquiring a diverse portfolio of technologies. With cybersecurity industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones. The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

 

JOB DESCRIPTION:

At MGT, we’re reinventing the Internet and  looking for developers ready to help secure the future with a team of dedicated, passionate innovators. If you are tired of boring, unfulfilling programming gigs, uninspired by corporate monotony, soulless assignments, and standard operating procedures, then this may be your dream job.

Qualified candidates will work in an open space environment and collaborate with cross-functional subject matter experts from business, process and technical communities. Our work environment will empower you to succeed while offering ample opportunity to express your individuality.

 

TECHNICAL

  • Proficiency in C++ language and toolchains

  • Experience with C++ 11 application development

  • Experience with Visual Studio

  • Experience with Qt 5.7, or other C++ GUI frameworks

  • Familiarity with cybersecurity principles and practices including cryptography, exploitation, and application security

  • Ability to work in a Linux or Windows development environment

  • Experienced in Android, iOS, and OSX application development

 

PERSONAL

  • Bachelor’s Degree in Computer Science (or equivalent) degree from an accredited university

  • Ability to work in and adapt to the demands of a fast-paced team-oriented environment

  • Excellent communication skills (both oral and written)

  • Relocation to the Raleigh/Durham, NC area is required

  • Properly documented to legally work in the United States

C++ Programmer with Bitcoin and Blockchain Knowledge Required

Job Description:

MGT Capital Investments, Inc. is seeking a C++ programmer with knowledge of Bitcoin mining and Blockchain protocol. Do you strive to think outside of the box and push the boundaries every day? Then come secure the future with us. We’re looking for a C++ programmer with knowledge of Bitcoin and Blockchain protocol to work alongside legendary cybersecurity pioneer John McAfee and Eric “Eijah” Anderson (GTA-V, Demonsaw) on cutting-edge cybersecurity and Blockchain technologies.

 

About The Company:

MGT Capital Investments, Inc. (MGTI) is a cybersecurity company in the process of acquiring a diverse portfolio of technologies. With cybersecurity industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones. The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

 

Job Description:

At MGT, we’re reinventing the Internet and  looking for developers ready to help secure the future with a team of dedicated, passionate innovators. If you are tired of boring, unfulfilling programming gigs, uninspired by corporate monotony, soulless assignments, and standard operating procedures, then this may be your dream job.

Qualified candidates will work in an open space environment and collaborate with cross-functional subject matter experts from business, process and technical communities. Our work environment will empower you to succeed while offering ample opportunity to express your individuality.

 

Technical

  • Proficiency in C++ language and toolchains

  • Experience with C++ 11 application development

  • Experience with Visual Studio

  • Experience with Qt 5.7, or other C++ GUI frameworks

  • Familiarity with cybersecurity principles and practices including cryptography, exploitation, and application security

  • Ability to work in a Linux or Windows development environment

  • Experienced in Android, iOS, and OSX application development

  • Knowledgeable with the basics of the Bitcoin / Blockchain protocol

  • Knowledgeable with Bitcoin industry dynamics and trends, including mining procedures, mining pools, as well as Cryptocurrency wallets, and exchanges

  • Interested in constructing a Bitcoin mining pool and wallet

  • Prior peer technology work for the Bitcoin network (not required, but a plus)

 

Personal

  • Bachelor’s Degree in Computer Science (or equivalent) degree from an accredited university

  • Ability to work in and adapt to the demands of a fast-paced team-oriented environment

  • Excellent communication skills (both oral and written)

  • Relocation to the Raleigh/Durham, NC area is required

  • Properly documented to legally work in the United States

Applying

If you are interested in applying please contact Eijah Anderson at eijah@demonsaw.com

 

MGT Capital Investments, Inc. is EEO F/M/Protected Veteran/ Individual with Disabilities

 

MGT Officially Appoints John McAfee as Chief Executive Officer

DURHAM, N.C., Nov. 18, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) announced today that John McAfee, the Company's Executive Chairman, has officially been appointed Chief Executive Officer, effective immediately. 

"The advancements in personal and enterprise technologies have exposed us to a greater number of cybersecurity threats than ever before. Despite the overwhelming concerns about today's advanced threats, high profile breaches around the world, including those during the U.S. presidential election, have put a spotlight on the ineffectiveness and outdated approach of the antivirus software currently available from what is considered the 'leading' cybersecurity companies. My vision for the future of the cybersecurity industry is placed firmly in developing new technologies through MGT that apply the skill and knowledge of white hat hackers to protect society from these modern threats," commented McAfee.

In the six months since Mr. McAfee began helping MGT move to the forefront of the cybersecurity market, the Company has made several key acquisitions of exciting new technologies, and has created one of the largest bitcoin mining operations in the U.S. Last month, MGT announced the launch of its first product, Sentinel, with plans to ship the product to the initial customers in the next few weeks. The stockholder-approved acquisitions of D–Vasive and Demonsaw remain pending, and the Company expects to reach a revised deal structure to benefit existing shareholders by the end of the year.

"My commitment today will dispel the half-truths in the market that MGT just wants to use my name. The momentum of MGT is building and we are excited to ramp up its activity over the coming months. Make no mistake, I am determined to once again personally disrupt the status quo in cybersecurity, and MGT has the resources and people to make it happen," concluded Mr. McAfee.

About MGT Capital Investments, Inc.
MGT Capital Investments, Inc. (OTC: MGTI) is in the process of acquiring a diverse portfolio of cyber security technologies and ramping up its Bitcoin mining operations in the state of Washington. With cyber security industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones. The Company is currently in the process of acquiring D–Vasive, a provider of leading edge anti–spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc," and has asserted its right to do by seeking a Declaratory Judgment in U.S. Federal Court, Southern District, NY.

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

Forward–looking Statements

This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward–looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

MGT Provides Investor Update and Financial Results for the Third Quarter of 2016

DURHAM, NC (November 15, 2016) MGT Capital Investments, Inc. (OTC: MGTI) yesterday provided an update on its business and pending acquisitions, as well as its financial results for the three–month period ended September 30, 2016.

“We are excited by the trajectory of our businesses over the past month, which proves that perseverance and unwavering dedication to our set goals will overcome the efforts of others to slow our progress. There are several near–term milestones that will further position us as an innovator in the cybersecurity market and building shareholder value,” commented John McAfee, the Company's Executive Chairman and incoming Chief Executive Officer.

“Our Bitcoin mining operations are ramping up quickly, with revenue reaching over $100,000 per month as processing power more than doubled to approximately 5.2 PetaHash in just the past week. As previously disclosed, we are ahead of schedule in building out our Bitcoin mining operations, and we expect to reach our short-term goal of 10 PetaHash at this facility by year end 2016. As one of the leading Bitcoin mining operations in the U.S., we are seeing exciting new partnership opportunities develop, including our recent Letter of Intent to launch a McAfee-branded Bitcoin mining pool with Bitmain Technologies Ltd. of China, the world’s leading Bitcoin machine producer,” continued McAfee.

“The launch of our initial commercial product, Sentinel was announced in October and we expect to ship product to our initial customers in the coming weeks. Market feedback for Sentinel has been positive and we have begun to build out marketing support with the recent hire of an experienced industry professional. We expect to grow this function over the coming quarters.”

“The stockholder-approved acquisitions of D–Vasive and Demonsaw remain pending, as we hope to reach a revised deal structure to benefit existing shareholders. These technologies will immediately bolster our stable of innovative cybersecurity technologies to support the development of new applications and create new product opportunities,” concluded McAfee.

Financial Highlights for the third quarter of 2016

Cash used in operations was $1.3 million in the third quarter of 2016, a decrease of $0.8 million, as compared to the quarter ended June 30, 2016. The decrease was primarily driven by lower legal and professional fees as the Company exercises discipline with respect to discretionary spending. This expense control coupled with revenues produced from bitcoin mining operations should result in similar results for the final quarter of 2016.

Cash and cash equivalents were $2.1 million as of September 30, 2016, compared with $0.3 million as of December 31, 2015. In addition, the Company presently has approximately $500,000 of marketable securities available for sale.

The Company’s operating loss for the third quarter of 2016 was $10.8 million, an increase of $9.5 million, as compared to the previous quarter. This larger reported loss is wholly attributable to certain non–recurring, non–cash accounting charges, such as warrant modification and stock–based compensation expenses.

Financial results follow; per GAAP requirements, the operations of DraftDay.com are treated as discontinued operations. For further information, please refer to MGT's Form 10–Q filed yesterday with the SEC, and available at the Company's corporate website, www.mgtci.com, or at www.sec.gov.

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. (OTC: MGTI) is in the process of acquiring a diverse portfolio of cyber security technologies and ramping up its Bitcoin mining operations in the state of Washington. With cyber security industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones. The Company is currently in the process of acquiring D–Vasive, a provider of leading edge anti–spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

MGT Capital intends to change its corporate name to “John McAfee Global Technologies, Inc.” upon closing of the D–Vasive transaction.

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

Forward–looking Statements

This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward–looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

 

Investor Contact

Garth Russell

Managing Director

KCSA Strategic Communications

grussell@kcsa.com

212.896.1250

 

Media Contact

Tiffany Madison

Director of Corporate Communications

MGT Capital Investments, Inc.

tmadison@mgtci.com

469.236.9569

-- Financial Statements Available Here --

 

MGT Capital Fully Implements Phase Two of Bitcoin Operation Ahead of Schedule

MGT Capital Investments, Inc. (OTC: MGTI), updated shareholders today on the successful completion of the second phase of its Bitcoin operation in central Washington state. The Company is pleased to have delivered the Phase Two metrics ahead of schedule, and has expanded the processing power of its Bitcoin operations to over five PetaHash, firmly placing MGT as a leader in the U.S. Bitcoin mining network. Since launching just two months ago, the Company has mined over 170 Bitcoins, which are presently valued at over $700 each.

"I want to thank our team on the ground in Washington State for their hard work and diligence in completing phase two ahead of schedule. The facility has maintained as high a level of performance and uptimes as I have encountered in my career. I am looking forward to our expansion and continued growth," said Robert Collazo, Director of Operations for MGT's Bitcoin mining operations.

John McAfee, Executive Chairman of MGT, concluded, "As we grow our Bitcoin footprint here, our expertise becomes an increasingly valuable resource as we enter into our upcoming joint venture with Bitmain Technologies of China, the preeminent worldwide leader in bitcoin hardware manufacturing and sales."

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. (OTC: MGTI) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer John McAfee at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc."

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

Forward–looking Statements 
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward– looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

MGT Capital to Proceed with Acquisitions of D-Vasive and Demonsaw

John McAfee to be appointed CEO; Eric "Eijah" Anderson to be appointed CTO

Company chooses technology acquisitions instead of appealing NYSE listing decision

HARRISON, N.Y., Nov. 4, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) announced today that it plans to move ahead with the shareholder approved Asset Purchase Agreement (the "Agreement") for D-Vasive, which includes the acquisition of Demonsaw. Per the closing conditions of the Agreement, the Company will also execute employment agreements with John McAfee and Eric "Eijah" Anderson as Chief Executive Officer and Chief Technology Officer, respectively.

The Agreement was overwhelmingly approved by MGT's shareholders at the Company's Annual Meeting held on September 8, 2016. The terms of the Agreement are described in detail in MGT's definitive proxy statement for the meeting, which was filed with the Securities and Exchange Commission on August 15, 2016. This document can be accessed via the Company's website, www.mgtci.com or at www.sec.gov. In spite of the shareholder vote, a unilateral decision by the New York Stock Exchange prevented the Company from issuing the shares necessary to consummate the deal.

MGT's Board of Directors is determined to not permit the actions of the NYSE to derail the Company's commitment to building an innovative cybersecurity company. Therefore, the Board has decided not to appeal the decision of the NYSE to delist MGT's common stock, and to instead move forward with the acquisitions of D-Vasive and Demonsaw. This decision is based on our belief that an appeal would have little likelihood of success given the lack of transparency the NYSE provided prior to the appeal deadline. Furthermore, the Board anticipated that the appeal process would be costly and time consuming, further delaying the Company's business initiatives. The Company expects to be listed on OTCQB as soon as the acquisitions close.

Robert Ladd, President of MGT, stated, "Due to its apparent subjectivity, we still do not fully understand the unilateral decision or circumstances that led the NYSE to delist our common stock from the Exchange. Our Board of Directors doesn't believe the Company has received fair treatment from the NYSE, nor would it expect to receive fair treatment in an appeal process. Instead, we will focus on building MGT's business to prove our value to shareholders."

MGT's acquisitions of the D-Vasive and Demonsaw assets are at the core of the cybersecurity directive for the Company as established by technology pioneer John McAfee. These technologies will complement the Company's current commercialization plans for its Sentinel technology, a network intrusion detector, and its E-Tagged technology, a mobile device tracking platform. In addition, the Company's bitcoin mining operations are expanding, allowing MGT to leverage blockchain technologies as it advances its cybersecurity offerings.

John McAfee, Executive Chairman and incoming CEO explained, "This long delayed acquisition places MGT solidly among the frontrunners in the race to create the next generation of cybersecurity products. No area of research and development is more critical to the survival of our economy and even our way of life. The cyber weapons of the hacking world are gaining daily in sophistication and power, already outmatching most existing cybersecurity products. At MGT, we understand the urgency of this threat and must act accordingly. This acquisition is happening not a moment too soon."

"We are dedicated to our strategy and will establish MGT as a truly innovative cybersecurity company. Eijah and I are here to win. Watch us now," concluded Mr. McAfee.

About D-Vasive

D-Vasive offers a powerful tool for protection from the proliferation of invasive apps by consumer products companies, social networks, financial institutions and others. These invasive apps can secretly turn on a phone's microphone and camera, as well as monitor geographic movements and access contacts. The D-Vasive technology operates in a unique way, allowing the user to manage and control the device's internal hardware.

About Demonsaw

Demonsaw is a provider of a secure and anonymous file sharing software platform.  Using multiple layers of encryption (both symmetric and asymmetric), Demonsaw offers users full control of data and also offers private router services. Demonsaw is a fully decentralized, mesh-based network that does not use P2P, providing protection of IP addresses. Demonsaw is available in 32-bit and 64-bit versions for Windows, Apple OSX, Android, Raspberry Pi and Ubuntu.

About MGT Capital Investments, Inc.
MGT Capital Investments, Inc. (OTC: MGTI) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer John McAfee at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc."

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

Forward–looking Statements
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com 
212.896.1250

Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com 
469.236.9569

Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-capital-to-proceed-with-acquisitions-of-d-vasive-and-demonsaw-300357620.html

SOURCE MGT Capital Investments, Inc.

Released November 4, 2016

MGT Capital and Bitmain Technologies Enter Into Letter of Intent

Companies Plan to Launch McAfee Branded Bitcoin Mining Pool

HARRISON, N.Y., Oct. 26, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) is pleased to announce that it has signed a Letter of Intent with Bitmain Technologies Limited to form a joint venture that will focus on opportunities in the Bitcoin space in North America. Bitmain, headquartered in Beijing, is the preeminent worldwide leader in bitcoin hardware manufacturing and sales. In addition, Bitmain maintains one of the largest bitcoin mining pools through its Antpool Brand, as well as one of the largest cloud mining operations, offered by its Hashnest subsidiary.

The proposed joint venture between MGT and Bitmain will lead to the development of a state of the art Bitcoin mining pool. There will be many exciting features to the McAfee pool that will include advanced user interface as well as superior network protection and security maintained by MGT's proprietary cybersecurity technologies. In addition, the companies plan to form a partnership to offer both institutional and individuals access to affordably priced mining hash from U.S. based facilities maintained by MGT. The Company anticipates that it will make announcements in the near future regarding the brand identity and economics of the cloud hashing ventures.

"Our partnership with an iconic name such as Bitmain Technologies is a major milestone for MGT as it executes it plan to become the major player in bitcoin throughout the western hemisphere," John McAfee, Executive Chairman of MGT, commented. "This Partnership will go a long way towards making MGT a leader in the fastest growing segment of financial and industrial cybersecurity."

About MGT Capital Investments, Inc.
MGT Capital Investments, Inc. (OTC: MGTI) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer John McAfee at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc."

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

About Bitmain Technologies, Ltd.
Founded in 2013, Bitmain Technologies, described as the world's most valuable bitcoin company, was established to develop and sell the world's leading bitcoin miners using Bitmain's ASIC chip technology. Starting with the Antminer S1, our task continuously became more difficult as bitcoin's "difficulty level" kept rising. We followed Moore's Law in this emerging field of ASIC chip design and pioneered it, time and again. In May of 2016 we released the Antminer S9, the world's first consumer-grade bitcoin miner based on a 16nm process ASIC chip. This is also the world's most power-efficient bitcoin miner, taking that title away from its predecessor, the Antminer S7.

Bitmain is now among the most recognizable companies in the cryptocurrency space and the proud parent of several brands, among them Antminer, Antpool, and Hashnest, all of which are ranked number one in their respective fields. Our machines and customers are present in multiple locations in almost every country of the world.

We remain devoted to the production of high quality and efficient computing chips, high density server equipment, and large scale parallel computing software.

We are proudly headquartered in Beijing, with offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu and Shenzhen.

Forward–looking Statements
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com 
212.896.1250
 
Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com 
469.236.9569

Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-capital-and-bitmain-technologies-enter-into-letter-of-intent-300351743.html

SOURCE MGT Capital Investments, Inc.

Released October 26, 2016

MGT Answers Shareholder Questions About NYSE Delisting

Why was MGT delisted from the NYSE MKT?

On October 19, 2016 the NYSE took the very unusual step of suspending trading of our stock on its exchange, effective immediately and without recourse. The Exchange also began proceedings to delist MGT, although the Company will now be afforded an opportunity to appeal that decision, if desired.

Our directors and officers have more than a combined century of Wall Street experience, and cannot find another similar case where such unilateral and extreme action was taken against a company. Such activity is ordinarily reserved for clear-cut cases of illegal activity, bankruptcy, or a stock hitting the price level of six cents, none of which apply to MGT.

The negative impact of the precipitous action to suspend trading was immediate. The potential consequences of a sudden relocation from a listed Exchange to over the counter (OTC) trading are well known and understood. The most obvious and immediate effect is caused by the fact that many retail-oriented brokerage firms do not allow opening positions on OTC stocks. This limitation precipitates selling and also prevents the ability to average down, if an investor wants.  

Despite our requests, the NYSE staff would not provide any underlying support or documentation for its decision. Further they would not supply the metrics used to determine the status as an “operating company.”  Unfortunately, damage to MGT and our shareholders has already been done.

Did MGT know in advance about the delisting? / When did MGT management know about the delisting?

At 4:03 pm ET on October 19, MGT received a press release prepared by NYSE and was notified of its impending dissemination. The NYSE stated it made repeated attempts to contact MGT earlier, however none of our official points of contact reflect theses attempts via voicemails, missed calls or emails. NYSE halted, and subsequently suspended, trading and issued the news. At 4:23pm ET, the Company received the actual delisting letter via email.

Is MGT an operating company?

The NYSE asserts that MGT was suspended from the exchange because it is does not meet the criteria of an operating company. MGT maintains that using any reasonable definition of the term, we are very obviously an operating company.

The determination of NYSE Staff is contradicted by objective factual realities, and we can find no evidence that any first-hand research into the matter was conducted done prior to this action. No one from NYSE visited our Company offices in Durham, NC or asked to see our Bitcoin facility, which is among the top bitcoin mining operations in the U.S. and is already generating regular, recurring income for MGT.  

It is also difficult to believe that the NYSE Staff was unaware of other very tangible and public evidence of Company operations. These include:

  • The offering for sale of our first cyber security hardware product, Sentinel

  • The continued expenditure of legitimate operating costs in pursuit of Company objectives

  • Consistent and transparent communication with shareholders and the public, including clear descriptions of our progress, when appropriate

  • Consistent and accurate regulatory compliance and financial reporting

  • The coherent and consistent vision and roadmap, outlined repeatedly by Mr. McAfee, Eijah and others, to transform MGT into a leading provider of cybersecurity solutions

Will financial reporting and disclosures still continue?

Our reporting compliance has been maintained at the highest level while we have transitioned our focus to a cybersecurity company. We remain committed to reporting as if we were a NYSE or NASDAQ-listed company, well exceeding the minimum reporting required by the OTC. Shareholders and potential investors can expect to enjoy the same amount of information with which to make an informed assessment of the performance of the Company.

What happens to my stock?

In a word, nothing. All shareholders retain their ownership of the Company. You also retain the right to vote at shareholders meetings.

How can I buy, trade and track MGT stock?

Until further notice, MGT Capital Investments will be traded on the Pink Sheets platform of OTC Markets under the ticker MGTI. We have applied for registration on OTCQX, however this process takes several business days. We will alert shareholders immediately once we have confirmed any change in status.

Where can I monitor MGTI’s trading volume and price?

Because MGT will be trading OTC, not all pricing platforms will have real time pricing. As of this writing, Bloomberg is confirmed to be carrying it, as are larger retail brokers such as TD Ameritrade and eTrade.

What regulations protect shareholders?

We are still obligated to follow all SEC regulations as well as Delaware Corporate Law, and have committed to following our current corporate governance practices. We did not choose to delist in order to dodge these responsibilities or because we are hiding something. This situation was thrust upon us unfairly, and we have no intention of altering any of our business practices as a result.

Has MGT submitted an application to NASDAQ?

MGT filed a new listing application with NASDAQ in August 2016, with the expectation that NASDAQ is a more hospitable exchange for an early stage technology company.

What are the next steps for MGT?

We are evaluating and considering all options available to us and are making the determination on how we can best act to protect MGT and our shareholders.

MGT strives to provide a high level of transparency to our shareholders and the public, and that commitment will continue. As more information becomes available, we will provide timely updates along with our perspective. 

MGT Comments on NYSE Delisting; Common Stock to Begin Trading on the OTC Exchange Under Ticker Symbol "MGTI" on October 20th

Company considering appealing the NYSE ruling; currently has a listing application in process at NASDAQ, as well as the OTCQX

 MGT Capital Investments, Inc. (OTC: MGTI) announced that at 4:23 p.m. EDT on October 19, 2016, the Company received a letter from the New York Stock Exchange ("NYSE" or the "Exchange") stating that the staff of NYSE Regulation has determined to commence proceedings to delist the Company's common stock. NYSE Regulation cited Section 1002(c) of the NYSE MKT Company Guide as justification for the action. The cited section is meant to apply when a company has sold or otherwise disposed of its principal operating assets, or has ceased to be an operating company.

The Company has the right to a review, by a committee of the Board of Directors of the Exchange, of the NYSE staff's determination to delist the common stock. The NYSE MKT will apply to the Securities and Exchange Commission to delist the Company's common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.

MGT's common stock was also suspended from trading on NYSE MKT by the Exchange with no warning or apparent appeal process. We expect the Company's stock to begin trading over the counter under the ticker symbol "MGTI" beginning today, October 20, 2016.

The Company knows of no facts or circumstances that would lead NYSE Regulation to reach its unilateral decision. The fact pattern actually produces the opposite conclusion: Notwithstanding the NYSE MKT's (also unilateral) decision to prevent the issuance of shares in connection with MGT's stockholder approved acquisition of D-Vasive and Demonsaw, MGT is indeed an operating company using any definition of those words. Moreover, the Company has not sold or disposed of its principal operating assets.

It is the Company's position that the facts dramatically contradict the Exchange's decision. In recent months, MGT has acquired operating assets including two cybersecurity devices and bitcoin mining equipment and infrastructure. It currently has 15 employees and consultants, a newly signed 3-year lease for a tech center in Durham, NC, has announced the commercial release of its first cybersecurity product, and is currently a top U.S. producer of bitcoins. The bitcoin operations generate over $50,000 per month in gross profit, offsetting the $300,000 per month costs of operations. The company's preliminary balance sheet for September 30, 2016 consists of over $2.1 million in cash plus approximately $750,000 of marketable securities.

The Company board of directors is comprised of experienced and intelligent experts in technology and Wall Street. These directors are also entrepreneurs, creating economic value and pioneering entire industries. Additionally, MGT has assembled several advisory boards, bringing together respected experts in various fields relating to bitcoin and cybersecurity. The Company's leadership team gets weekly requests to keynote top industry conferences on a global basis. The Company has over 16,000 stockholders in over 20 countries.

"In our opinion, the conclusions of NYSE MKT are not only wrong and unfair, but insulting. Furthermore, this regulatory standard appears to be applied arbitrarily when comparing MGT to other issuers, or even to MGT itself over the years," stated John McAfee, Executive Chairman of MGT Capital.

"We urge stockholders to remember that in no way will our adherence to top corporate governance practices change as a result of the NYSE's action. These standards include having a majority of independent directors on the board, maintaining timely filings for SEC disclosures, and having independent audits of our financial results," continued Mr. McAfee.
 

"Also, our approach and desire to create a leading cybersecurity company will be unaffected by the delisting proceedings. The Company has not yet decided whether it will appeal the NYSE ruling; and MGT currently has a listing application in process at NASDAQ, as well as the OTCQX, although there can be no assurance of acceptance or timing," concluded Mr. McAfee.

About MGT Capital Investments, Inc.
MGT Capital Investments, Inc. (OTC: MGTI) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer John McAfee at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc."

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

Forward–looking Statements
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com 
212.896.1250

Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc. 
tmadison@mgtci.com 
469.236.9569

Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-comments-on-nyse-delisting-common-stock-to-begin-trading-on-the-otc-exchange-under-ticker-symbol-mgti-on-october-20th-300348412.html

John McAfee to be Keynote Speaker at the London Blockchain: Money Conference

MGT Capital Investments, Inc. (NYSE MKT: MGT) has announced that John McAfee, the Company's Executive Chairman, has been invited to keynote the Blockchain: Money conference in London on November 6-7, 2016. The two-day event will focus on emerging fintech markets, cryptocurrency initiatives, blockchain industry growth, and real-world use cases.

Blockchain: Money is the first event of its kind in London, aimed at bringing people from diverse industries together to unlock the vast potential of the blockchain. Held in central London, this is also one of the few events that can leverage the massive network of Bitcoin.com and is the longest running conference in the space. The event has looked to maximum value for an audience that is looking for solutions by selectively choosing its speakers, partners and invited attendees.

The city of London has continued to progress as a fintech hotspot in the world with many startups and investors who reside in the region. Blockchain: Money will feature many industry executives, developers, and investors within the fintech landscape. Senior officials from top European exchanges and securities institutions will attend alongside innovators and thought leaders revolutionizing venture capital.

"The Blockchain will be central to nearly every aspect of cybersecurity, from wire transfers, to send and receive authentication, to secure voting systems. It will become the cornerstone of virtually all digital transactions," said Mr McAfee.

Participants interested in attending can purchase tickets to Blockchain: Money here.

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, as well as corporate networks. MGT intends to change its corporate name to "John McAfee Global Technologies, Inc."

For more information on the Company, please visit: http://ir.stockpr.com/mgtci.  

Forward–looking Statements

This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact

Garth Russell

Managing Director

KCSA Strategic Communications

grussell@kcsa.com

212.896.1250

Media Contact

Tiffany Madison

Director of Corporate Communications

MGT Capital Investments, Inc. 

tmadison@mgtci.com

469.236.9569

Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/john-mcafee-to-be-keynote-speaker-at-the-london-blockchain-money-conference-300346632.html

MGT Capital Updates Shareholders on Bitcoin Mining Operations

Company moving forward with Phase Two of its Bitcoin operation

HARRISON, N.Y., Oct. 3, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT), updated shareholders today on its wholly-owned large scale Bitcoin mining operation in central Washington state. After the first full month of operations, the Company is pleased to have delivered on the metrics it outlined on September 13, 2016. Specifically, the Company has mined over 90 Bitcoins, presently valued at approximately $611 each. Also, MGT has begun to implement Phase Two of its Bitcoin mining operations scheduled to expand its processing power to more than five PetaHash by the end of the fourth quarter of 2016.

The Company has successfully executed on its strategy to maximize profits from mining operations by capitalizing on low cost hydroelectricity and using proprietary software to optimize and manage the performance of its machines. In addition, MGT is utilizing state-of-the-art 16 nanometer ASIC chips and highly efficient power supplies, further reducing the power requirements of mining operations.

"I wish to thank our shareholders for the positive feedback we have received since completing the first phase of our Bitcoin project. Our machines have been working flawlessly at full potential with a very high level of efficiency. We are excited and ready for the expansion of this activity as we implement the second planned phase," stated Robert Collazo, Director of Operations for MGT's Bitcoin mining operations.

John McAfee, Executive Chairman of MGT, commented, "The cash flow opportunity in the Bitcoin market provides tremendous financial benefit to our operations and balance sheet. At our current output, we believe MGT is one of the top five Bitcoin miners in the U.S., and we believe our first quarter 2017 goal of 10 PetaHash for this facility would place MGT in a leadership position in the global Bitcoin network. Moreover, I cannot emphasize enough how an operation of this scale provides us with a key competitive advantage for developing security and privacy applications and platforms using the Blockchain." 

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer John McAfee at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones. The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc." upon closing of the D-Vasive transaction.

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

Forward–looking Statements

This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com 
212.896.1250

Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com 
469.236.9569

Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-capital-updates-shareholders-on-bitcoin-mining-operations-300337882.html

SOURCE MGT Capital Investments, Inc.

Released October 3, 2016

MGT Further Clarifies SEC Subpoena, NYSE and Other Top Shareholder Questions

 

Why is MGT stock down?

We believe that MGT’s stock is down over the past two days (September 19-20, 2016) due to the Company’s announcement that it had received a subpoena from the U.S. Securities and Exchange Commission (SEC), a regulatory body that governs securities transactions and activities of financial professionals. While the actions taken by the SEC do not point at MGT and its officers as the focus of an investigation, the Company is required to publicly disclose to shareholders that it received a subpoena. To clarify, MGT has merely received a standard subpoena, requesting documents, a very common occurrence.

MGT will always fully comply with any document requests from regulators if and when received. We look forward to sharing more information with our shareholders on this matter as soon as we are given clearance from the SEC. We feel this is the most responsible and transparent course of action.

The stock market rejects uncertainty more than “bad” news; MGT will provide additional comments when it knows something.

 

Do you know what the subpoena is about?

As the Company stated yesterday, September 19, in the normal course of business, the SEC does not provide details for why they issue subpoenas. The SEC must protect their requests for information and justifiably ask companies not to publicly compromise any such requests. We are, and will always be compliant with any document requests from regulators.

We look forward to sharing more information to shareholders on this matter as soon as we are given clearance from the SEC. We feel this is the most responsible and transparent course of action.

 

Is the New York Stock Exchange (NYSE) decision related to the U.S. Security and Exchange Commission’s subpoena?

No. MGT Capital, its employees, board members and corporate officers have no reason to believe these two events are related. The actions taken by the SEC do not point at MGT and its officers as the focus of an investigation. We issued a further clarification yesterday after the statement underwent legal review (here).

 

Why did you issue today’s release prior to having further information or additional options to share?

At 4:00 p.m. ET, the NYSE MKT mandated that our release be made public by the morning of Tuesday, September, 20th, less than 24 hours after the ruling. We have complied fully with their request.

 

Now that shares are blocked for D-Vasive, what options are there to retain to proceed with the acquisition? How will this impact the acquisition of Demonsaw and involvement of MGT’s Chief Technical Officer, Eric “Eijah” Anderson?

The New York Stock Exchange is not allowing us to issue shares to the sellers of D-Vasive. However, MGT still has fully proper and legal options to consummate the merger away from the NYSE. To be clear, their decision was not related to any securities regulations, but rather the NYSE’s own internal rulings.

The acquisitions have been approved by shareholders, the MGT board, and corporate officers. Considering this support for the acquisitions, MGT has stated unequivocally that it will still pursue closing the acquisition of D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform. Both products are critical to the success of MGT, and without which we cannot proceed with our Company’s vision.

Most importantly, Mr. McAfee and Mr. Anderson are fully committed to going forward and building our Company as Chief Executive Officer and Chief Technology Officer, respectively.

 

If MGT is confident to resolve issue, how about insiders buy stock on the open market to give shareholders confidence?

Given regulations on insider trading we cannot consider such course of action.

 

What happened with the shareholder vote?

Due to tabulation errors by professional third parties that administer the proxy voting process, MGT was forced to correct two errors in its September 9, 2016 press release (here). There was no immediate impact to the Company or its share count authorized by shareholders.

 

Why hasn’t the name of MGT been changed to John McAfee Global Technologies despite previous reports that shareholders approved of the name change?

As previously released, the proposal to ratify an amendment to the Company's restated certificate of incorporation to change its name to "John McAfee Global Technologies, Inc." was not approved at the shareholder meeting, even though the proposal garnered 99% of the votes cast. The specific reason in that the total number of votes did not reach the 50.1% of shares outstanding threshold as required by Delaware law. Furthermore, so-called "broker non-votes" were excluded from the tally. This is one of many obscure procedural and legal situations that many public companies encounter.

However, a name change by a Delaware Company does not require shareholder ratification. Given the overwhelming support by those shareholders that cast a vote for the meeting on this proposal, the Company's board of directors will proceed with such change. Further explanation was distributed in our September 14, 2016 press release (here).

 

Is John McAfee the CEO?

The shareholders voted to appoint John McAfee Chairman of the Board and to approve his employment contract as Chief Executive Officer. McAfee’s contract has a provision whereby he becomes CEO at the closing of D-Vasive deal.

 

Why did the NYSE MKT deny MGT’s share issuance?

The Exchange has not provided a specific, formal reason for this denial. The NYSE MKT reserves the right to unilaterally decide whether to approve the issuance of shares that will be listed on the New York Stock Exchange.

 

Several law firms have announced an alleged “investigation” into the SEC subpoena received by MGT. Should I be concerned?

MGT Capital advises all investors and shareholders to please Google the term, “ambulance chaser.” Again, MGT has merely received a standard subpoena, which is a very common occurrence. The actions taken by the SEC do not point at MGT and its officers as the focus of the investigation.

 

How will Clearskies be monetized and when will it launch?

Clearskies is powered by Demonsaw, which will always remain free, however Clearskies will be monetized through business licensing. As a revolutionary platform, Clearskies allows businesses to collaborate in real-time, synchronize and share files, audio and video chat, configure on-the-fly anonymous traffic routing networks similar to TOR, and secure applications that were previously vulnerable to hackers, such as clear-text email and web browsing.

Clearskies also enables businesses and individuals to break free from the cyber security limitations of Cloud data storage, empowering them to take back control of their future.

This provides significant privacy and security currently non-existent in the marketplace.

Clearskies is our Enterprise solution currently under rapid development with a phase 1 launch date of Spring 2017. We have a very aggressive and fast release timeline planned. You will see many new versions be released within mere months of each other.



 

MGT Provides Update on Status of D-Vasive Acquisition

HARRISON, N.Y., Sept. 20, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that the New York Stock Exchange informed the Company late yesterday afternoon that it will not approve the listing on the Exchange of the 43.8 million shares that the Company is required to issue in order to complete the closing of the D-Vasive merger. The Company and John McAfee remain committed to closing the transaction and are exploring alternatives.

Mr. McAfee stated, "We are determined to consummate a transaction that brings our cybersecurity technologies to market in order to solve the pressing privacy and security issues that society faces."  

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smart phones.  The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc." upon closing of the D-Vasive transaction.

For more information on the Company, please visit: http://ir.stockpr.com/mgtci.   

Forward–looking Statements
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com 
212.896.1250

Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.  
tmadison@mgtci.com   
469.236.9569

Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-provides-update-on-status-of-d-vasive-acquisition-300330747.html

SOURCE MGT Capital Investments, Inc.

Released September 20, 2016

MGT Capital Investments further clarifies press release on SEC subpoena

MGT Capital Investments, Inc. takes our responsibility to shareholders very seriously. The rules and regulations of the Securities and Exchange Commission prohibit MGT from disclosing the exact details of the subpoena, however this judicial device is a common method for fact finding by the Agency.  Unfortunately, we live in a society where the mere mention of the words SEC  subpoena lead to conclusion that we must have done something wrong. Guilty until proven innocent as they say.  

Individuals and organizations are typically contacted by the SEC for two reasons: 1) You are the subject of its investigation; or 2) The SEC believes you may have valuable information related to its investigation of another entity or person. To be clear, the subpoena we received asks for documents that in the opinion of counsel (and frankly, common sense) lead to the conclusion the Company and its officers are not the focus.

The SEC does not officially name a target, but the subpoena does state explicitly that the receipt of a subpoena does not mean the recipient or anyone else has “broken the law...or have a negative opinion of any person, entity or security.” We know it is shoot first in the stock market, but the SEC usually gets it right and we need to abide by their rules. We are fully complying with the document production and will update stockholders as allowed.







 

MGT Receives Subpoena From Securities and Exchange Commission. No Indication That the Company is the Subject of Any Enforcement Proceedings

HARRISON, N.Y., Sept. 19, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that on September 15, 2016, it received a subpoena from the Securities and Exchange Commission requesting certain information from the Company. MGT has no indication or reason to believe that the Company is or will be the subject of any enforcement proceedings. The Company is fully cooperating to comply with the SEC's request.

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smart phones. The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc." upon closing of the D-Vasive transaction.

For more information on the Company, please visit: http://ir.stockpr.com/mgtci.   

Forward–looking Statements
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com 
212.896.1250

Grace Livingston
Director of Investor Relations
MGT Capital Investments, Inc. 
glivingston@mgtci.com 
205.999.2524

Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com 
469.236.9569

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/mgt-receives-subpoena-from-securities-and-exchange-commission-no-indication-that-the-company-is-the-subject-of-any-enforcement-proceedings-300329917.html

SOURCE MGT Capital Investments, Inc.

Released September 19, 2016

MGT Capital Clarifies and Corrects Shareholder Vote Results

 

Company will still change name to John McAfee Global Technologies, Inc.

HARRISON, N.Y., Sept. 14, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) yesterday filed a Form 8-K Current Report with the Securities and Exchange Commission to report the results of its Annual Meeting held on September 8, 2016. Due to tabulation errors by professional third parties that administer the proxy voting process, MGT is forced to correct two errors in its September 9, 2016 press release.

Specifically, the proposal to amend the Company's restated certificate of incorporation to increase the amount of authorized common stock from 75,000,000 shares to 250,000,000 shares was not approved, even though the proposal garnered 84% of the votes cast. The specific reason in that the total number of votes did not reach the 50.1% threshold as required by Delawarelaw. Furthermore, so-called "broker non-votes" were excluded from the tally.

There is no immediate impact due to this change as the Company's current authorized share count is adequate to issue the 43.8 million shares contemplated by the stockholder approved D-Vasive acquisition.

Secondly, the proposal to ratify an amendment to the Company's restated certificate of incorporation to change its name to "John McAfee Global Technologies, Inc." was not approved for the same reasons, despite 99% of the votes cast being in favor of the change.

However, a name change by a Delaware company does not require shareholder ratification, and given the overwhelming support by those voting, the Company's board of directors will proceed with such change.

The six other proposals, including electing John McAfee to the board of directors as Executive Chairman passed as previously disclosed.

About MGT Capital Investments, Inc. 
MGT Capital Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smart phones. The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

Forward–looking Statements

This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com 
212.896.1250

Grace Livingston
Director of Investor Relations
MGT Capital
glivingston@mgtci.com 
205.999.2524

Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com 
469.236.9569

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/mgt-capital-clarifies-and-corrects-shareholder-vote-results-300327733.html

SOURCE MGT Capital Investments, Inc.

Released September 14, 2016

 

MGT Capital to Hold Conference Call with the Investment Community on Thursday, September 15th at 4:15 p.m. ET

HARRISON, N.Y., Sept. 14, 2016 /PRNewswire/ - MGT Capital Investments, Inc. (NYSE MKT: MGT) would like to remind its shareholders and prospective shareholders that it will host a conference call with the investment community on Thursday, September 15, 2016 at 4:15 p.m. Eastern Time.

Representing the Company on the call will be John McAfee, Executive Chairman, Eijah Anderson, Chief Technology Officer, andRobert Ladd, President and Interim CFO. Those interested in participating in the call are asked to dial 1-888-503-8171 (U.S. Toll Free) or 1-719-325-2454 (International). All dial-in participants must use the following code to access the call: 2280311. Please call at least five minutes before the scheduled start time.  

Investors are also able to listen to the call via webcast, which can be accessed through the Investor Relations section of MGT's website, http://www.mgtci.com/events. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the live broadcast.

Investors unable to join the conference call are invited to listen to a replay available through September 29, 2016, at 1-877-870-5176 (U.S. Toll Free) or 1-858-384-5517 (International). Participants must use the following code to access the replay of the call: 2280311. There will also be an archive of the webcast available at http://www.mgtci.com/events for 30 days following the call.

About MGT Capital Investments, Inc. 
MGT Capital Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer, John McAfee, at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smart phones.  The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc." upon closing of the D-Vasive transaction.

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

Forward–looking Statements
This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact
Garth Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com 
212.896.1250

Grace Livingston
Director of Investor Relations
MGT Capital
glivingston@mgtci.com 
205.999.2524

Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com 
469.236.9569

Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-capital-to-hold-conference-call-with-the-investment-community-on-thursday-september-15th-at-415-pm-et-300327814.html

SOURCE MGT Capital Investments, Inc.

Released September 14, 2016

MGT Capital Announces Successful Launch of Bitcoin Mining Operations

Next Phase Expected to Double Processing Power to Over 5 PetaHash

HARRISON, N.Y., Sept. 13, 2016 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT), today reported that its previously announced large scale Bitcoin mining operation has reached full phase one production output with a larger than expected 2.6 PetaHash of processing power.  At the present difficulty level, the facility is mining over 90 Bitcoin per month with a value of $55,000.  The company is already preparing modifications to expand its processing power to approximately 5.2 PetaHash by the end of the fourth quarter of 2016.  The Company's current goal for this facility is to increase the processing capacity to nearly over 10 PetaHash.   

With its processing power already in place, MGT is one of the top five Bitcoin mining operations in the U.S.  MGT's facility has contracted low cost hydro power and hosting services in central Washington state. The size and power efficiency of the facility has allowed MGT to emerge as a domestic leader. The current pricing environment of bitcoin and other digital assets coupled with the availability of 16 nanometer ASIC chips provides a significant opportunity to generate excellent profit margins. 

"The early success of our Bitcoin mining business has quickly provided us with the financial proof of concept to move ahead and implement the next phase of our expansion strategy, with a goal of achieving over 5 PetaHash by the end of the year, and the overall goal of 10 PetaHash for the facility," stated Robert Collazo, Director of Operations for MGT's Bitcoin mining operations.

"The opportunity in the Bitcoin market is tremendous for MGT and is quickly providing a financial benefit for our shareholders.  Since announcing the program in July, we have implemented and then ramped up this facility's processing power to 2.6 PetaHash, which we believe makes MGT one of the top five Bitcoin miners in the U.S. We believe our overall goal of 10 PetaHash for this facility would put us in a leadership position in the global Bitcoin network," stated John McAfee, Executive Chairman of MGT. 

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a diverse portfolio of cyber security technologies. With cyber security industry pioneer John McAfee at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smart phones.  The Company is currently in the process of acquiring D-Vasive, a provider of leading edge anti-spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform.

MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc." upon closing of the D-Vasive transaction.

For more information on the Company, please visit http://ir.stockpr.com/mgtci.

Forward–looking Statements

This press release contains forward–looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward–looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

Investor Contact  
Garth Russell  
Managing Director  
KCSA Strategic Communications  
grussell@kcsa.com   
212.896.1250

Grace Livingston  
Director of Investor Relations  
MGT Capital   
glivingston@mgtci.com   
205.999.2524

Media Contact  
Tiffany Madison  
Director of Corporate Communications  
MGT Capital Investments, Inc.  
tmadison@mgtci.com   
469.236.9569

Logo - http://photos.prnewswire.com/prnh/20130409/NY91046LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-capital-announces-successful-launch-of-bitcoin-mining-operations-300326859.html

SOURCE MGT Capital Investments, Inc.

Released September 13, 2016