MGT Capital Investments, Inc (OTCQB: MGTI) has multiple locations with contracted, low-cost hydro-electric power in central Washington state. It is currently executing on its stated goal of becoming the preeminent crypto-mining enterprises in the United States.
As part of its corporate investment in secure technologies, MGT cotinues to grow its capacity for mining Bitcoin. Expanding on existing operations, the Company's facility in Washington state is one of the largest North American Bitcoin miners.
The size and power efficiency of our facilities will allow MGT to emerge as a domestic leader in cryptocurrency mining at an opportune time. With the growth in adoption of Bitcoin as well as the trending rise in the value of Bitcoin, mining is extremely profitable and allows the Company to return value to the shareholders.
This significant commitment to an in-house mining facility also prepares MGT for the increased processing demands of the many new Blockchain technologies on the horizon. As the demand for transaction processing grows, MGT will redirect its mining machines towards supporting other tasks on the Blockchain.
MGT maintains a strong working relationship with the senior management of Bitmain technologies. Bitmain is recognized as the industry leader in manufacturing of Bitcoin mining hardware. This strategic relationship affords MGT accessibility to Bitmain’s newest and most technologically advanced hardware.
Note: It currently costs MGTI around $1,000 to mine a Bitcoin, with market value of around $4,400 per Bitcoin, MGTI is basically making over 300% return on each Bitcoin mining. Thus, investing in MGTI may prove to be more profitable than investing in Bitcoins directly.
