MGT Capital Investments completes move of Bitcoin miners from Sweden to U.S.
MGT Capital Investments issued a letter to shareholders which said in part: "We are pleased to report that we have completed the move of our Bitcoin miners from Sweden to the United States. As we have previously communicated, we entered into a hosting agreement in Colorado Springs that would provide lower costs and more control over expenses, while also providing ample opportunity to expand our operations. In order to further increase the company's flexibility and geographic diversity of sites, we decided to split the miners formerly in Sweden to include a site in east-central Ohio, to complement Colorado Springs. In addition, this Ohio site will provide a testing ground for the containerized solution being developed by MGT and Bit5ive..We remain confident that Bitcoin mining will improve, and that we are positioned to capitalize. The Company is also exploring other parts of the Bitcoin ecosystem where it might add value. In conclusion, we are happy that 2018 is over."