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.Comments »