John MaiKeFei wants to expand bitcoin mining business has raised $2 million 400 thousand
Bitcoin mining and network security company MGTCapital has raised $2 million 400 thousand, issued by a company called UAHCVenturesLLC convertible bonds as 10% to MGT capital financing. According to the statement, the money will be used to expand MGT in the northwestern United States bitcoin mining business. Northwest Hydroelectric Power attracted more than enough miners went to bitcoin mining.
Bitcoin mining is an energy intensive industry, the new deal will be continuously added to the block chain, newly created bitcoin as for bitcoin mining to create a block of reward. When bitcoin mining created value is higher than the cost of electricity and other resources, bitcoin mining will obtain the corresponding profit.
The company’s leadership team including John McAfee? (JohnMcAfee) in the last century at the end of 80s, he created the name of the antivirus software company. In 2010, Intel’s $7 billion 600 million acquisition of the company.
In addition to bitcoin mining, MGT also developed the Ethernet and Ethernet Fang classic, in addition to network security products, including a better protect the privacy of the mobile phone.
Previously, McAfee issued a statement to the media pointed out: bitcoin mining prospects. In a May interview, he told Bloomberg: “we will profit by the end of the year.” Recently, he also refuted the bitcoin market frothy argument.