McAfee’s MGT Capital Raise $2.4 Million to Expand Mining Operations

MGT Capital has announced it has raised $2.4 million USD to expand its mining operations.

The Funds Have Been Raised Through Issuing a 10 Percent Convertible Note to UAHC Ventures LLC

In a press release to share holders, MGT Capital has stated that “the note is self-amortising with a maximum repayment of $160,000 (£124,880) per month.”

“We See Bitcoin and Related-Mining Activities as a Promising and Fast-Growing Segment of the Digital Currency Sector” – John Fife, CEO of UAHC Ventures

MGT recently announced that it had passed the milestone of having mined 1,000 bitcoins since the company started mining operations in September of last year

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