Bitmain S9 MonaCoin MONA Mining Rigs
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DURHAM, N.C., Oct. 12, 2017 /PRNewswire/ --. () announced today that it has executed a new purchase order with Bitmain Technologies for an additional 2,000 S9 Antminer mining rigs, with shipment expected by the end of fourth quarter 2017. Funds for the large order were provided by institutional investors though agreements whereby MGT will manage the mining operations and receive a management fee as well as a share of the profits. This financial arrangement creates downside protection for the Company while still providing strong economic upside leverage. Stephen Schaeffer, President of MGT Crypto-Capital Strategies, stated, 'We believe having a mix of fully-owned and investor-owned mining rigs will allow us to appreciably expand our crypto currency footprint with less equity dilution.
We plan to shortly update the investment community and shareholders with further details.' About MGT Capital Investments, Inc. With facilities in WA state, MGT Capital Investments, Inc. () ranks as one of the largest U.S. Based Bitcoin miners.
Further, the Company continues to focus on an expansion model to grow its crypto assets materially. The Company is also developing a portfolio of cyber security technologies, with industry pioneer John McAfee as its visionary leader, creating advanced protection technologies for mobile and personal tech devices, as well as corporate networks. The Company's first product, Sentinel, an enterprise class network intrusion detector was released in October 2017.
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The Company also has entered into a joint venture with Nordic IT to develop and market a mobile phone with extensive privacy and anti-hacking features. The Privacy Phone has a tentative release date of February 2018.
It seems that the last day MonaCoin (MONA) has exploded in price and profitability for mining as a result, so there is increased interest from miners. So here is a 32.
For more information on the Company, please visit. MGT Capital Investments, Inc. (PRNewsFoto/MGT Capital Investments, Inc.) More Forward–looking Statements This press release contains forward–looking statements. The words or phrases 'would be,' 'will allow,' 'intends to,' 'will likely result,' 'are expected to,' 'will continue,' 'is anticipated,' 'estimate,' 'project,' or similar expressions are intended to identify 'forward–looking statements.' All information set forth in this news release, except historical and factual information, represents forward–looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.
These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward–looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission. FX Empire Bitcoin managed to create some distance from Friday’s 7.625.25 low on Saturday, hitting an intraday high $9,491.2, before easing back to $9,097.25 by the close. Saturday’s 2.9% gain was far from spectacular, with Bitcoin’s weekend rally running out of steam late in the day, as investors look ahead to the coming week.
While Bitcoin’s market cap has risen to $155.01bn over the weekend, recovering from Friday’s $131.3bn low, we can expect Bitcoin and the performance of Bitcoin’s blockchain technology to also come under greater scrutiny in the weeks ahead. Motley Fool Since 1972, the stocks of companies that increased their payout each year generated a total average annual return of 9.9% while those that didn't pay one only returned about 2.4% per year, according to a study by Ned Davis Research.
Global oil and gas giant Royal Dutch Shell (NYSE: RDS-A)(NYSE: RDS-B) formed Shell Midstream Partners (NYSE: SHLX) in late 2014 as a master limited partnership (MLP) to operate, develop, and acquire pipelines and other midstream infrastructure to support Shell's U.S. Since that time, Shell has slowly dropped down portions of its midstream assets to Shell Midstream Partners, which has significantly grown the company's cash flow and ability to pay distributions. Average Ubiq UBQ Mining on this page. Bloomberg U.S.
Special Counsel Robert Mueller defended his authority to prosecute former Trump campaign manager Paul Manafort, and argued in court papers that Manafort improperly seeks to use a civil lawsuit to secure dismissal of his money laundering indictment. Mueller’s prosecutors urged a judge to dismiss a civil lawsuit attacking an Oct. 27 indictment charging that Manafort, a political consultant, failed to register as an agent of the Ukrainian government and laundered millions of dollars before he worked on Donald Trump’s presidential campaign.
MarketWatch Apple Inc. Left things vague last month when it announced a plan to invest money from its sizable cash balance into the U.S. Economy, but the company was more direct about its plans Thursday — it’s going to spend more than $160 billion of its own money. “Our current net cash position is $163 billion, and given the increased financial and operational flexibility from the access to our foreign cash, we are targeting to become approximately net-cash neutral over time,” Chief Financial Officer Luca Maestri said on the company’s earnings call. Translated from corporate speak, that means Apple (AAPL) plans to spend that $163 billion and eventually stop collecting huge stores of cash as it has over the past decade, when the company built up about $284 billion in cash reserves while using more than $100 billion in debt to fund shareholder returns and other activities.
Time Former Trump campaign adviser Carter Page bragged that he was an adviser to the Kremlin in a letter obtained by TIME that raises new questions about the extent of Page’s contacts with the Russian government over the years. The letter, dated Aug. 25, 2013, was sent by Page to an academic press during a dispute over edits to an unpublished manuscript he had submitted for publication, according to an editor who worked with Page.
Page is at the center of a controversial memo from Republican Congressman Devin Nunes, released this week. Time The pilot resisted being captured and fired at the militants who then shot and killed him, according to one of the militants and Syrian monitors. The Russian Defense Ministry confirmed the downing of the Su-25 and said the pilot was killed in fighting with “terrorists.” A report on the ministry’s Zvezda TV said preliminary information indicated the plane was shot by a portable ground-to-air missile in an area under control of al-Qaida’s branch in Syria. The Britain-based Syrian Observatory for Human Rights said the plane was downed on Saturday afternoon near the rebel-held town of Sarqeb, which Syrian troops have been trying to take under the cover of Russian airstrikes. Reuters Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $8,000 and headed for its biggest weekly loss since December 2013, amid worries about a regulatory clampdown globally. This week's slump brought the total market value of cryptocurrencies down to around $400 billion, half the high it reached in January, according to industry tracker Coinmarketcap.com. The market value of cryptocurrencies is calculated by multiplying the number of digital coins in existence by their price, although many question whether that is the right way to value them.
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