Bitcoin Company Building New 'Mining' Facility in Northwest Georgia
Friday, July 19th, 2019
MGT Capital Investments, Inc. provided the following update to investors.
On July 16, 2019, MGT ordered 1,100 Bitmain S17 Antminers from Bitmain, expected to ship from Malaysia in October 2019 without Chinese tariffs. Each miner is rated at a maximum 56 Th/s, allowing for over 60 Ph/s in computing strength. Each miner uses 2,860 W of electricity per hour, allowing for much greater efficiency compared to the Company's current inventory of Bitmain S9 miners. The total load capacity should slightly exceed 3.1 MW and is expected to be accommodated in LaFayette, GA.
