I own this $MGT for a multitude of reasons, but today the stock is popping on news that its large scale bitcoin mining operation has reached full phase one production output with a larger than expected Petahash of processing power.
With the processing power in place, MGT is one of the top five Bitcoin mining operations in the U.S.
Now this is only a side business for MGT, and won’t make much of an impact on their core business. I only bring this up, because $MGT has a bitcoin kicker, and should be in play on bitcoin spikes.
$MGT is up 7% on today’s news.
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I didn’t know about $MGT. I’ll add them to my watch list.
$GBTC is still a scam selling at ~$90 for an equivalent .9 Bitcoins, or a 30% premium.
Have you bought your first Bitcoins yet Ragin?
Fuck bitcoin. This is just a side thing for them.
Do some work on $MGT, it’s a gem.