Macpool mines 100 bitcoins per month and claims to be one of the largest bitcoin mining projects in the United States

Golden Finance News - MGT Capital Investments (MGTI), run by former anti-virus tycoon John McAfee, has revealed the company’s bitcoin mining revenue. The company recently claimed to be one of the largest bitcoin mining operations in the United States in its annual report filed with the U.S. Securities and Exchange Commission (SEC).

MGTI, run by John McAfee, announced the company's Bitcoin mining revenue. Image source: Golden Finance

According to SEC documents, MGTI mined 100 bitcoins per month and established a bitcoin mining pool called "Macpool."

MGTI claims to be one of the largest Bitcoin mining operations in the United States

As we all know, MGTI is owned by antivirus software entrepreneur John McAfee. In the past year, the company has announced several strategic moves in the cybersecurity and privacy security ecosystem. MGTI aims to acquire a large portfolio of network technologies, and part of the plan is to develop Bitcoin mining. Last October, MGTI announced that it had signed a letter of intent with China's Bitmain, and the two companies planned to deploy more Bitcoin mining equipment in the United States.

MGTI cooperates with Chinese Bitcoin company Bitmain Image source: Golden Finance

McAfee said at the time:

“Our partnership with Bitmain Technologies is a major milestone for MGTI as it executes on a plan to become a major player in Bitcoin in the Western Hemisphere.”

Now, according to SEC filings, the company says it is one of the largest bitcoin mining operations in the United States, capable of mining 100 bitcoins per month.

“As part of its security technology enterprise efforts, MGTI is increasing its capacity to mine bitcoin,” the company’s annual report filed with the SEC explains. “The company’s facility in Washington State produces approximately 100 bitcoins per month, ranking it among the largest bitcoin mining companies in the United States. Additionally, MGTI is in active discussions with potential financial partners to materially increase its bitcoin production.”

McAfee's Macpool is coming soon

Recent SEC filings show that MGTI’s newest bitcoin mining pool is officially called Macpool. McAfee said Macpool will give investors an opportunity to participate in the bitcoin mining industry.

Macpool will give investors an opportunity to participate in the Bitcoin mining industry. Image source: Golden Finance

John McAfee, CEO and Executive Chairman of MGTI, explained,

“Our Bitcoin mining pool is a natural outgrowth of our investment in blockchain technology and is the foundation for future cybersecurity products.”

“In the near future, large and respected Bitcoin mining pool operators will quickly take over the massive transaction processing requirements of all companies. As a public company, MGTI leverages our unique opportunity to provide investors with suitable, proxy participation in the profitable Bitcoin mining space.”

Bitcoin mining is part of MGTI's security vision

Details of MGTI’s annual filing report show that last year MGTI purchased more than 400 bitcoin mining equipment from Bitmain Tech and completed deployment and operation in the United States.

MGTI purchased more than 400 Bitcoin mining equipment from Bitmain Tech. Image source: Golden Finance

The report details MGTI’s revenues from last year, patent holdings, property and equipment ownership, etc. MGTI specifically stated that the purpose of joining the Bitcoin mining industry is to ensure the security of the blockchain, as security is the company’s number one goal.

It is reported that since obtaining the first Bitcoin in September 2016, MGTI's Bitcoin mining business has been fully operational, and the current hash power has grown to approximately 5.0PH/S.