John McAfee, an outspoken cybersecurity expert and blockchain advocate, has announced they will be ending its relationship with MGT Capital Investments, Inc.
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McAfee served as Chief Cybersecurity Visionary of the Company since August and gave the following statement in a press release.
“I would like to thank Steve, Rob Ladd and the entire board for giving me the opportunity to return to corporate life, but I am very happy with my decision. I am looking forward to toiling in obscurity as the world’s foremost authority of all things cyber and crypto! In all candor, the past two years have been action-packed and productive, and I want to thank all shareholders for their support. I leave MGT in much stronger condition than when I arrived and remain a major stakeholder.”
The move positions MGT as a pure play cryptocurrency mining operation, led by Stephen Schaeffer, President of MGT Cryptocurrency Strategies.
The Company currently owns or operates approximately 5,000 Bitmain Antminer S9 Bitcoin mining rigs and 50 GPU-based Ethereum miners, capable of generating over 65 Ph/s of computing power when fully deployed by the end of February.
MGT ended last year with $9.5 million of cash, no debt and minimal payables.