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.
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