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.
— MGT Capital Inv, Inc (@MGTCI) 13 октября 2017 г.
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.
President of business unit, Crypto-Capital Strategies Company
The company expects to put all the rigs into operating in the first quarter of 2018.