MGTI as a Bitcoin Miniing Investment Play better than Genesis Mining?
This stock :MGT Capital Investments, Inc. (MGTI) has been featured as a possible Bitcoin Mining investment play. It has John McAfee on=broad. John McAfee, the colorful founder of the antivirus software company, former fugitive and now CEO of MGT Capital Investments stated:“Bitcoin has enormous momentum,” And MGT is stepping up its bitcoin mining.
It is highly speculative but the risk/reward may be worth it. MGT Capital said Monday that it received financing to buy 1,000 mining computers from Chinese firm Bitmain Technologies, bringing the total to around 1,300. It expects to start generating 225 bitcoins per month, up from about 100, which was the most recently disclosed number. The cryptocurrency is currently worth about $2,500 per coin.
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