This is just a repost. Some autobot on reddit picked this up for some strange reason so I duplicated the post and put other post into private mode. Picks are never deleted
***EDIT*** It’s up 50% from our alert!!!!! 1:06pm!!!
We picked this before market open. Click the image below for proof.
As of March 31, 2019, MGT owned and or managed approximately 5,700 mining machines. Approximately 2,500 machines are located in Colorado and 3,200 machines are located in Ohio. Of the 5,700 machines, 3,700 are owned by the Company, and the remaining machines are investor owned. All miners owned or managed by MGT are S9 Antminers sold by Bitmain Technologies LTD. In addition to the S9 Antminers, the Company owns 50 custom designed GPU-based Ethereum mining rigs. Because the price of Bitcoin steadily decreased during 2018 and throughout the first quarter of 2019, the Company decided it was not economically responsible to commence mining operations in Colorado or Ohio. On May 14, 2019, the Company announced commencement of operations in both Colorado and Ohio. During the year ended December 31, 2018, we mined 245 Bitcoin for total revenue of $2,010,000. In addition, the miners we operate pursuant to the management agreements mined 184 Bitcoin during the same period.
As of June 17, 2019 , there were 234,178,082 shares of our common stock outstanding
S-1/A’ on 6/19/19 In this offering, we are offering 76,558,643 shares of our common stock.
UP 51% FROM OUR ALERT NOW!!!
**********WE ARE NOT FINANCIAL ADVISERS. THIS IS A HIGH RISK TRADE. ENTER AT OWN RISK. CONSULT A FINANCIAL ADVISER BEFORE BUYING ANY PUBLICLY TRADED SECURITY. WE DO NOT OWN THIS STOCK, NOR DO WE INTEND TO BUY THIS STOCK IN THE NEAR FUTURE. WE ARE NOT BEING PAID TO WRITE THIS OR BEING COMPENSATED IN ANYWAY *****