MGT Capital increases capacity

The John McAfee led technology and bitcoin mining company presents an update for cryptocurrency operations
17 October 2017   1166

MGT Capital Investments aspires to confirm its claim of being the largest Bitcoin miner in the U.S. by increasing the number of mining machines to 4,700 units and getting 50 graphics processor-based mining computers to mine Ethereum and Ethereum Classic. The company uses Bitman Technologies S9 Antimer rigs which generate potential hash power of 60 Ph/s.

Maintaining Bitcoin mining operations MGTI expects to gain $2.0 million monthly, although considering spendings for electricity, profit sharing and management fees the ultimate amount is expected to be $1.1 million per month. Thus, the annual amount is to be $25 million and earnings before interest, taxes, depreciation and amortization of $13 million which are far more than current corporate capital requirements.

We have been running at breakneck speed to achieve a substantial expansion of our Bitcoin mining footprint, and it’s time for a comprehensive summary.
 

Stephen Schaeffer

President of business unit, Crypto-Capital Strategies Company

The company expects to put all the rigs into operating in the first quarter of 2018.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1025

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”