MGT Capital Investments Inc
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Information Technology : Software | Small Cap Blend
Company profile

MGT Capital Investments, Inc. is engaged in the cryptocurrency business, with operations at an owned and managed Bitcoin mining facility in LaFayette, Georgia. The Company owns over 175 and 0 Antminer S17 Pro Bitcoin miners (S17 miners), respectively, plus 35 Antminer S19 Pro miners. It owns the entire facility, including land and improvements, five 2500 kilovolt-amp (KVA) three-phase transformers, three mining containers, and miners. In addition to its self-mining operations, the Company leases its owned space to other Bitcoin miners and also provides hosting services for owners of mining equipment. The Company is also investigating other sites to develop into Bitcoin mining facilities in addition to expansion at its property.

Closing Price
$0.0042
Day's Change
-0.0001 (-2.33%)
Bid
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Ask
--
B/A Size
--
Day's High
0.0043
Day's Low
0.0042
Volume
(Light)
Volume:
44,052

10-day average volume:
473,207
44,052

Microsoft and Oracle Expand Partnership to Deliver Oracle Database Services on Oracle Cloud Infrastructure in Microsoft Azure

4:00 pm ET September 14, 2023 (PR Newswire) Print

Microsoft Joins Oracle as the Only Other Hyperscaler to Offer Oracle Cloud Infrastructure Database Services to Simplify Cloud Migration, Multicloud Deployment, and Management

Oracle Corp and Microsoft Corp today announced Oracle Database@Azure, which gives customers direct access to Oracle database services running on Oracle Cloud Infrastructure (OCI) and deployed in Microsoft Azure datacenters.

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Oracle Database@Azure delivers all the performance, scale, and workload availability advantages of Oracle Database on OCI with the security, flexibility, and best-in-class services of Microsoft Azure, including best-in-class AI services like Azure OpenAI. This combination provides customers with more flexibility regarding where they run their workloads. It also provides a streamlined environment that simplifies cloud purchasing and management between Oracle Database and Azure services.

With the introduction of Oracle Database@Azure, Oracle and Microsoft are helping customers accelerate their migration to the cloud, so they can modernize their IT environments and take advantage of Azure's infrastructure, tooling, and services. Customers will benefit from:

-- More options to move their Oracle databases to the cloud;

-- The highest level of Oracle database performance, scale, and availability, as well as feature and pricing parity;

-- The simplicity, security, and latency of a single operating environment (datacenter) within Azure;

-- The ability to build new cloud native applications using OCI and Azure technologies, including Azure's best-in-class AI services;

-- The assurance of an architecture that is tested and supported by two of the most trusted names in the cloud.

"We have a real opportunity to help organizations bring their mission-critical applications to the cloud so they can transform every part of their business with this next generation of AI," saidSatya Nadella, Chairman and CEO, Microsoft. "Our expanded partnership with Oracle will make Microsoft Azure the only other cloud provider to run Oracle's database services and help our customers unlock a new wave of cloud-powered innovation."

"Most customers already use multiple clouds," said Larry Ellison,Oracle Chairman and CTO. "Microsoft and Oracle have been working together to make it easy for those customers to seamlessly connect Azure Services with the very latest Oracle Database technology. By collocating Oracle Exadata hardware in Azure datacenters, customers will experience the best possible database and network performance. We are proud to partner with Microsoft to deliver this best-in-class capability to customers."

Multicloud Made for Customers

The new service delivers a fully integrated experience for deploying, managing, and using Oracle database instances within Azure. It enables organizations to drive breakthroughs in the cloud using their existing skills to leverage the best of Oracle and Microsoft capabilities directly within the Azure portal.

The new service is designed to eliminate customers' biggest challenges in adopting multicloud architectures, including disjointed management, siloed tools, and a complex purchasing process.

As a result of this expanded partnership, customers will have the choice to deploy their Azure services with their fully managed Oracle Database services all within a single datacenter, including support for Oracle Exadata Database services, Oracle Autonomous Database services, and Oracle Real Application Clusters (RAC). Oracle and Microsoft have also developed a joint support model to provide rapid response and resolution for mission-critical workloads.

Additionally, Oracle and Microsoft have significantly simplified the purchasing and contracting process. Customers will be able to purchase Oracle Database@Azure through Azure Marketplace, leveraging their existing Azure agreements. They will also be able to use their existing Oracle Database license benefits including Bring Your Own License and the Oracle Support Rewards program.

"As we continue our digital transformation through innovation and technology, interoperability across cloud service providers to enable safe, secure, and rapid financial transactions for our 40 million customers is paramount," said Mihir Shah, enterprise head of data, Fidelity Investments. "Today's announcement displays how industry leaders Microsoft and Oracle are putting their customers' interests first and providing a collaborative solution that enables organizations like Fidelity to deliver best-in-class experiences for our customers and meet the substantial compliance and regulatory requirements with minimal downtime."

"Data is the lifeblood of any business, and the cloud is the best way to analyze it so that insights become actionable," said Magesh Bagavathi, senior vice president and global chief technology officer, PepsiCo. "As one of the largest food and beverage companies in the world with a market value of over 200 billion U.S. dollars, the ability to run our mission-critical systems and associated data in the cloud with Oracle Database@Azure gives us a scaled strategic advantage across our global operations."

"We are looking to our technology partners to support Vodafone's strategic focus on customers, simplicity and growth across Europe and Africa," said Scott Petty, Chief Technology Officer, Vodafone. "This new offering from Oracle and Microsoft does that by enabling us to deliver innovative and differentiated digital services faster and more cost effectively to our customers."

"As a global leader in the financial services industry, Voya has harnessed the power of digital transformation to help provide the best experience for our customers and employees. As we continue to bring our business applications to the cloud, cloud partnerships have the potential to help the entire industry maintain better security, compliance, and performance, helping to accelerate the development of new technology products, solutions, and services that enhance customer experience and help achieve better financial outcomes," said Santhosh Keshavan, executive vice president and chief information officer, Voya Financial, Inc.

Oracle will operate and manage these OCI services directly within Microsoft's datacenters globally, beginning with regions in North America and Europe.

For more information on how to get started with Oracle Database@Azure, visit our Microsoft and Oracle solutions page.

Additional Resources

-- Get started with Oracle Database@Azure

-- Read more about the announcement

-- Learn more about Oracle database services, Oracle Autonomous Database, Oracle Exadata Database Service and Oracle Base Database Service

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us atwww.oracle.com.

About Microsoft

Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

Trademarks

Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

"Safe Harbor" Statement:Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding expected benefits of Oracle Database@Azure and its best-in-class capability, are "forward-looking statements" and are subject to material risks and uncertainties. Risks and uncertainties that could affect our current expectations and our actual results, include, among others: our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services; our management of complex cloud and hardware offerings, including the sourcing of technologies and technology components; significant coding, manufacturing or configuration errors in our offerings; risks associated with acquisitions; economic, political and market conditions; information technology system failures, privacy and data security concerns; cybersecurity breaches; unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website atwww.oracle.com/investor/. All information set forth in this press release is current as of September 14, 2023. Oracle undertakes no duty to update any statement in light of new information or future events.

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View original content to download multimedia:https://www.prnewswire.com/news-releases/microsoft-and-oracle-expand-partnership-to-deliver-oracle-database-services-on-oracle-cloud-infrastructure-in-microsoft-azure-301927274.html

SOURCE Oracle; Microsoft

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