John McAfee on the Privacy Phone: Why and How

We live in an age of self-delusion when it comes to our smart phones. They remind us of our appointments, remember the phone numbers of our contacts, and locate restaurants. They universally facilitate what used to be the boring or tedious aspects of our lives. As a result, we subconsciously turn our attention away from anything that might cause us voluntarily to restrict the use of these devices.

As a result, the ill-intentioned members of society have taken advantage of this situation to a degree that threatens the very survival if our way of life.

The level of self-delusion is astonishing. Variety Magazine, at the end of 2016 published a story about a grad student who had just “discovered” that malware existed that could take over complete control of a phone by merely visiting a website containing that malware.

The writer at Variety wrote the story as if it was a “scoop” and that the story was the first to shed light on a terrible danger to smartphone users.

Yet, that very software “discovered” by the grad student had been legally and openly for sale by a legitimate software manufacturer for more than five years.

There are thousands of “gray area” software manufacturers that legally sell Spyware under the caveat that you agree not to use the spyware for illegal purposes. There are even companies that make a living by testing and reviewing these spyware systems.

Every self respecting cybersecurity expert has known of this problem for years. Getting the rank and file users of smartphones to recognize it has been the problem.

Forgetting, for a moment, the problem of trying to wake up smart phone users, a person might ask how, in the first place, we got into the fix of technologically creating phones that could allow such spyware to operate.

The answer, in the minds of most security specialists, is that phone manufacturers have erroneously relied almost exclusively on software to provide privacy and security. Any hacker can explain the error in this thinking: All software will eventually be hacked. We are fighting software with software. As the balance forever shifts, we are statistically vulnerable half the time.

Here is an example:

Software engineers, many years ago, figured out how to power off a phone using software commands. It was cool and neat and thrilled the software community. Before long, every Smartphone manufacturer had incorporated this coolness into their phones. The hacker community was both salivating at the open invitation and rolling in the floor in laughter.

Why? Because if a software command is used to power down the phone, then that command can be intercepted by malware or spyware and the hacker then has control over when and if the phone is powered down. That means that spyware can intercept the software switch to turn the phone off. The Spyware then simulates a power down, ending with a blank screen. But the phone is still on and is spying. If you doubt this then read this article.

Eventually, every hackable function of smartphones was controlled by software switches, giving full access to hackers to control the Wi-Fi, Bluetooth, geolocation, camera, microphone, the factory reset function, automatic system updates, erc. We have given the keys to the kingdom, blindly and willingly, to the world’s hackers.

Pleas from the cybersecurity community to smartphone manufacturers to fix this this horrific problem by returning to the less “cool” air gapped physical switches have fallen on deaf ears. In desperation, I decided to do it myself.

The John McAfee privacy phone contains a bank of switches on the back cover that allow the user to physically disconnect the battery, the antennas for Wi-Fi, Bluetooth and geolocation, the camera and microphone, etc. It also will not allow the phone to connect to a Stingray or any other IMSI catcher device. In addition, it contains a web search anonymizer to prevent web searches from triggering an avalanche of ads to buy T-shirts whenever a user does does a web search for T-shirts.

It is version 1. It is not hack proof. But it does give the user enormous power over his or her privacy and it is light years ahead of the Blackphone or any other phone claiming to be secure. It will be available in August of this year. Version 2 will be available early 2018. It will as hack proof as humanly possible.


John McAfee Reveals 'World's First Truly Private' Smartphone

Cybersecurity pioneer John McAfee has revealed plans to produce the “world’s first truly private smartphone,” which he claims will be the most hack-proof smartphone ever manufactured.

McAfee, creator of the eponymous antivirus program, plans to release the John McAfee Privacy Phone later this year through MGT, a cybersecurity firm that he heads. He shared details about the Privacy Phone exclusively with Newsweek .

“Enormous investment in hardware costs have gone into this,” McAfee says. “The smartphone contains a bank of switches on the back cover that allow the user to physically disconnect the battery, the antennas for WiFi, Bluetooth and geolocation, the camera and the microphone.

“It also will not allow the phone to connect to a Stingray or any other IMSI catcher device. In addition, it contains a web search anonymizer.”

MGT signed a letter of intent with Nordic IT Sourcing Association last month in order to develop security features for the device—the full specs of which will be released publicly the week before its launch. MGT’s other ventures include a bitcoin mining facility in Washington state that claims to produce around 100 bitcoins ($130,000) per month, which would make it one of the largest U.S.-based bitcoin miners.

 
 

The John McAfee Privacy Phone will cost $1,100 and is targeted at enterprise users, though McAfee believes recent spying revelations—such as the Vault 7 documents published by WikiLeaks —could also attract a large number of privacy-conscious consumers. Whether it can achieve this may depend on how user-friendly the device is.

“There is certainly a niche market for such devices. However, the general population tends to value ease-of-use and features more than privacy,” Amit Sethi, senior principal consultant at technology firm Synopsys, tells Newsweek .

“In a world where people knowingly share everything on social media and value convenience over privacy, it is unlikely that a privacy-focussed phone will see widespread use. Security and privacy are rarely among the top deciding factors for users purchasing smartphones.”

Cybersecurity experts have welcomed the news of a privacy-focussed smartphone, arguing that security should be a top priority for all smartphone users due to the increasing vulnerability of such devices to hackers, cybercriminals, and state spying.

“Smartphones are a huge target for attackers,” Tim Erlin, vice president at Tripwire, tells Newsweek . “The more our business, both personal and professional, that we conduct through that high-powered computer in our pocket, the more attractive it makes it for criminals.”

Kyle Wilhoit, a senior security researcher at DomainTools, adds: “I’m a proponent of any privacy-focussed product, and that includes smartphones. To be sufficiently secure, there would need to be a combination of physical and virtual security mechanisms embedded into the device. I would be curious to see the full feature set of such a phone.”

McAfee says physical mechanisms are integral to the device’s security. “Hardware has everything to do with security. Software has everything to do with insecurity,” he tweeted after posting an image of himself holding a prototype of the Privacy Phone.

McAfee plans to release the phone later this year and follow it up with a second-generation device as early as next year.

“It is Version 1,” McAfee says. “It is not hack proof but it does give the user enormous power over his or her privacy and it is light years ahead of the Blackphone or any other phone claiming to be secure.

“Version 2 will be available in the summer of 2018. It will be as hack proof as humanly possible.”

Originally published in Newsweek.

John McAfee Provides Update on MGT Sentinel

DURHAM, NC, April 12, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) today provided an update on MGT Sentinel, an intrusion monitoring platform designed to protect corporate and enterprise intranets from sophisticated hacking threats.

John McAfee, Executive Chairman and Chief Executive Officer of MGT, explained, "When I joined MGT, my stated mission was to deliver the next generation of cybersecurity technology to the marketplace. Sentinel was acquired because the principles and technology foundation nearly exactly match the needs of enterprise clients in today’s IT environment.  By building onto this base hardware, we had hoped to jumpstart normal timelines and deliver a world class product at the end of last year. During its limited initial trial, we challenged the best hackers in the world to exploit MGT Sentinel. Unfortunately, the product proved vulnerable on both the server and sensor side, and was not foolproof as I had promised.

“The Company also was also hampered by corporate events that limited its access to capital and prevented it from quickly ramping up its tech team, particularly in light of the termination of our planned merger agreement. We have since restructured our technical team and engaged Chris Roberts, the world-renowned cybersecurity expert, to replace our former interim Chief Technology Officer. Under the lead direction of Chris, Sentinel has completed a redesign and all issues uncovered by our hacker testing have been addressed.”

Mr. Roberts stated, “Sentinel has been re-engineered with a greater understanding of the latest exploits. We know how the attackers work, so Sentinel has been enhanced to blend seamlessly within its environment by maintaining the appropriate port and service configurations. Sentinel’s advanced capabilities will monitor extraneous traffic to identify legitimate threats within seconds.”

Mr. McAfee concluded, “I’m excited to announce that we are now at the stage that I can promise an outstanding product. We expect prototypes in the next several weeks to give us success with a large distribution partner, with sales beginning by the end of this quarter.”


The Company invites shareholders to view a message from Executive Chairman and Chief Executive Officer, John McAfee:

About MGT Capital Investments, Inc.

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

Also as part of its corporate efforts in secure technologies, MGT is growing its capacity in mining Bitcoin. Currently at 5.0 PH/s, the Company's facility in WA state produces about 100 Bitcoins per month, ranking it as one of the largest U.S. based Bitcoin miners. Further, MGT is in active discussions with financial partners to grow Bitcoin output materially.

Lastly, MGT stockholders have voted to change the corporate name of MGT to "John McAfee Global Technologies, Inc."  Following a dispute over ownership and permitted usage of the name McAfee, The Company and Intel have agreed to a mediation process to avoid unnecessary legal costs.

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." 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 and Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com 
469.730.6703

MGT Signs Letter of Intent to Develop Privacy Mobile Phone

Company Will Partner with Nordic IT

DURHAM, N.C., March 14, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) announced today that it has signed a non-binding letter of intent with Nordic IT Sourcing Association to develop a truly secure mobile phone. The letter of intent is expected to lead to a definitive contract whereby MGT would be responsible for designing, testing and assembling a state of the art cell phone with privacy features that stay one step ahead of hackers and eavesdroppers. The base phone will be procured as an OEM model using the Android operating system, and then modified using the skills of MGT's cybersecurity team.  The definitive agreement will be predicated on minimum initial and recurring quantities, currently anticipated at 160,000 units to begin, and 50,000 units monthly thereafter.  Subject to final specifications, revenues to MGT are contemplated at $350 USD per unit.

With today's announcement, MGT has joined forces with a leading influential think tank focused on mobile, security, and digital services. Nordic IT is involved in the research and development of disruptive technologies on behalf of its members and partners, which include senior executives from many of the world's largest corporations. The partners expect a definitive agreement within 60 days, with initial product shipments approximately a year later.

John McAfee, Executive Chairman and CEO of MGT observed, "Smartphones have become the Achilles heel of cybersecurity. No matter how secure our applications become, they must still execute in an environment designed from ground up to be a spy device. It is like building a race car and having it powered by a rubber band."

Alexander Reay, President of Nordic IT, stated, "We are honored to be working with cybersecurity pioneer John McAfee and his team.  MGT's innovative ideas should result in a unique offering in mobile communications. We have been heavily involved in the research of security and privacy issues, both in the Nordics and with our partners worldwide. With the new GDPR regulations here in Europe set to take effect in 2018 and recent leaks, there is no end to the privacy issues facing enterprises and society as a whole. We strongly believe that such a device will be the center of attention for both privacy concerned consumers, and corporate leaders looking to develop a winning strategic cybersecurity and privacy program on behalf of their company."

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

Also as part of its corporate efforts in secure technologies, MGT is growing its capacity in mining Bitcoin. Currently at 5.0 PH/s, the Company's facility in WA state produces about 100 Bitcoins per month, ranking it as one of the largest U.S. based Bitcoin miners. Further, MGT is in active discussions with financial partners to grow Bitcoin output materially.

Lastly, MGT stockholders have voted to change the corporate name of MGT to "John McAfee Global Technologies, Inc."  Following a dispute over ownership and permitted usage of the name McAfee, The Company and Intel have agreed to a mediation process to avoid unnecessary legal costs.

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

 

About the Nordic IT Association
Nordic IT is a Member Organization and Disruption Think-tank in the Nordic region. As the only dedicated IT sourcing association covering the Nordic IT sourcing industry, its focus is on various aspects of IT sourcing and creating solutions for IT professionals throughout the Nordic region. Combining thought leadership forums and learning programs with a centric on-line knowledge pool, it covers all areas of IT and technology sourcing. The Association's core mission is to foster innovation, continuous improvement and better business outcomes on behalf of its members.

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." 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 and Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com 
469.730.6703

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-signs-letter-of-intent-to-develop-privacy-mobile-phone-300423455.html

SOURCE MGT Capital Investments, Inc.

Released March 14, 2017

MGT Announces Closure to Recent Merger Activity

Company Will Issue 2.0 million Shares for 46% Interest in Demonsaw

DURHAM, N.C., March 3, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) today announced that it has acquired a 46% equity interest in Demonsaw LLC, led by Eric ("Eijah") Anderson. Today's action concludes events begun in May 2016 and allows the Company to reap the upside of promising technology with very minimal dilution. By issuing 2.0 million new shares rather than the 43.8 million originally approved, the board of directors has maintained the Company's vision, while providing maximum benefit to existing and future shareholders.

As previously disclosed, MGT had entered into a revised asset purchase agreement to acquire D-Vasive, Inc., a maker of mobile communications privacy applications. As contemplated in this agreement, D-Vasive would have acquired Demonsaw, with MGT owning both companies. Despite stockholder approval in September, the entire transaction terminated because the critical condition of closing – approval by NYSE MKT – was not met. In recent months, MGT has tried without success to reach agreement among the various stakeholders of D-Vasive and Demonsaw with renegotiated terms.

Notwithstanding the termination of that agreement, the MGT has been successful in expanding its footprint in cybersecurity technologies through the acquisitions of assets from E-Tagged and Cyberdonix, Inc., as well by hiring several talented programmers.  Very importantly, the Company has also secured the insight and vision of cybersecurity pioneer John McAfee via an employment agreement. In addition, the Company presently operates a large Bitcoin mining facility in Washington state with plans to rapidly scale up this business.

With today's announcement, MGT has joined forces with a "future visionary" Eijah who has completed important work on his Demonsaw platform, as well as other initiatives. John McAfee, Executive Chairman of MGT stated, "Demonsaw is developing what might ultimately become Internet 2.0 and MGT will participate in this exciting market. We look forward to sharing in the success of Eijah's forward thinking leadership."

Summarizing the transaction, Eijah concluded, "There is no humanity without the fundamental right to privacy. The Cloud is a lie and it's time to give back control of data to businesses and individuals. The cybersecurity platforms that my company is creating are laying the foundation for the future of the Internet."

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

Also as part of its corporate efforts in secure technologies, MGT is growing its capacity in mining Bitcoin. Currently at 5.0 PH/s, the Company's facility in WA state produces about 100 Bitcoins per month, ranking it as one of the largest U.S. based Bitcoin miners. Further, MGT is in active discussions with financial partners to grow Bitcoin output materially.

Lastly, MGT stockholders have voted to change the corporate name of MGT to "John McAfee Global Technologies, Inc."  Following a dispute over ownership and permitted usage of the name McAfee, The Company and Intel have agreed to a mediation process to avoid unnecessary legal costs.

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." 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 and Media Contact
Tiffany Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com 
469.730.6703

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgt-announces-closure-to-recent-merger-activity-300417811.html

SOURCE MGT Capital Investments, Inc.

Released March 3, 2017

Development Completed on MGT Bitcoin Mining Pool

DURHAM, N.C., March 1, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) today announced that its Bitcoin Mining Pool is scheduled to be fully available to the Bitcoin network early in the second quarter of 2017. Code development has been completed and security testing is underway. Upon launch, MGT plans to offer the world's most secure mining pool, branded MacPool, using the Company's proprietary cybersecurity utilities, and hosted exclusively on U.S. based servers.

Bitcoin mining pools are a mechanism for Bitcoin mining nodes to combine resources, share hashing power and split rewards on a pro-rata basis. With Bitcoin valued at all-time highs, and consumer adoption reaching an inflection point, transaction numbers are expected to grow significantly. The growth in daily commerce using Bitcoin will increase the importance of aggregated mining pools to verify and report transactions to the Blockchain.

John McAfee, Chief Executive Officer and Executive Chairman of MGT stated, "Our mining pool is a natural outgrowth of our investment in Blockchain technology as a foundation for future cybersecurity products. Large and respected Bitcoin mining operators will rapidly take over the enormous transaction processing requirements necessary for all companies to secure themselves in the near future. As a publicly-traded company, MGT leverages our unique opportunity to provide investors with a suitable proxy to participate in the profitable bitcoin mining space."

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

Also as part of its corporate efforts in secure technologies, MGT is growing its capacity in mining Bitcoin. Currently at 5.0 PH/s, the Company's facility in Washington state produces about 100 Bitcoins per month, ranking it as one of the largest U.S.-based Bitcoin miners. Further, MGT is in active discussions with financial partners to grow Bitcoin output materially.

Lastly, MGT stockholders have voted to change the corporate name of MGT to "John McAfee Global Technologies, Inc." Following a dispute over ownership and permitted usage of the name McAfee, The Company and Intel have agreed to a mediation process to avoid unnecessary legal costs.

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." 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 and 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/development-completed-on-mgt-bitcoin-mining-pool-300416204.html

SOURCE MGT Capital Investments, Inc.

John McAfee to Present at Miami North American Bitcoin Conference

MGT Capital to Sponsor January 17 -18 Event

DURHAM, N.C., Jan. 6, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTC: MGTI) has announced that John McAfee, Executive Chairman and Chief Executive Officer, will be a featured speaker at The North American Bitcoin Conference January 17-18, 2017. The event is the longest running and most highly attended finance conference for the bitcoin, finance, and cryptocurrency industries. Mr. McAfee is scheduled to begin his presentation at 10:40 AM EST on Wednesday, January 18th. In addition to Mr. McAfee's participation, MGT is a supporting sponsor for this exciting and informative gathering.

Held at The James L. Knight Centre in downtown Miami, the two-day event will focus on a wide array of topics, such as Blockchain, Bitcoin, investing, regulation, the Internet of Things, hacking, and more. Top thought-leaders and innovators in the bitcoin and disruptive technology ecosystem will present alongside Mr. McAfee. Two of MGT's Bitcoin Advisory Board members will also speak: Roger Ver, CEO of Bitcoin.com, and Bruce Fenton, Managing Director at Atlantic Financial.

Mr. McAfee commented, "The recent appreciation of Bitcoin supports my belief that Bitcoin is now being utilized as a viable alternative to fiat currencies. Most recently, we have seen India and Venezuela remove their larger notes from circulation and Bitcoin offers citizens liberty from these State-controlled monetary policies. Moreover, the Blockchain will be central to nearly every aspect of future cybersecurity solutions, including wire transfers, authentication, and secure voting systems. It will become the cornerstone of virtually all digital transactions."

Supporting this reasoning, I'm very excited to announce that MGT is exploring several opportunities, any of which if successful, would accomplish our previously stated goal of MGT becoming the largest Bitcoin mining facility operator in the western hemisphere," concluded Mr. McAfee.

Participants interested in attending can purchase tickets to The North American Bitcoin Conference here. The event agenda can be located here.

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, as well as corporate networks. MGTl 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." 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

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/john-mcafee-to-present-at-miami-north-american-bitcoin-conference-300387060.html

SOURCE MGT Capital Investments, Inc.

Released January 6, 2017

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 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. 

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

APPLYING

If you are interested in applying please contact MGT at info@MGTCI.com.

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

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 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. 

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 MGT at info@MGTCI.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

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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