MGT Capital Investments’ first began mining Bitcoin in September 2016, in Washington State. In 2017, MGT opened an additional mining facility in Northern Sweden to support our growth agenda with the promise of decreased cooling costs and cheap, abundant electricity. Unexpected challenges with the hosting vendor led to a wind down of Swedish operations.
At the end of Q3, 2018, in response to the underperformance of MGT’s Swedish facilities, management shifted its principal operations to North America. This transition was made to materially reduce MGT’s costs while establishing the conditions for stable, long-term growth.
In October 2018 and early 2019, management located and announced a new mining facilities in Colorado and Ohio, undertaking the process of relocating MGT’s Swedish miners to those new facilities.
In July of 2019 MGT determined to consolidate its activities going forward in Company-owned and managed facilities in LaFayette, GA. Located adjacent to a utility substation, the several acre property has access to over 20 megawatts (MW) of low-cost power. MGT has also ordered transformers with a total load capacity of 12.5 MW to accommodate the first phase of this project, and has begun the construction and physical site development.
Buying the stock on Nordnet (Netfonds)
NoBrain has left the building
Jeg solgte meg ut av aksjen september 2018 og fjernet samtidig aksjen fra overvåkingslisten min. Jeg har satt denne tråden til “ignorert” og får følgelig ikke lenger varsel hvis noen poster eller tagger meg i tråden. Har du noen spørsmål du ønsker å rette meg så send en privat melding (PM).