secwatch.observer — SEC 8-K summary
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Issuer:     MGT CAPITAL INVESTMENTS, INC. (MGTI)
CIK:        0001001601
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001493152-23-008550
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGT Capital Investments enters 24-month mining lease with Minerset, issuing shares and convertible note option
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- Leases up to 10 spaces at Lafayette, GA facility for $5,000/month per space; initial deposit $228,913 for 5 MW.
- Issues 500,000 shares per space monthly to Minerset; annual issuance equal to that year's monthly total.
- Minerset gets option to lend up to $1M via convertible note for 25% of pro forma stock, plus 60% warrant.
- Tenant pays electricity costs; rent suspended 30 days if rate exceeds $0.065/kWh.
- Agreement term 24 months; facility currently has 10 MW electrical capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001601/000149315223008550/0001493152-23-008550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001601/000149315223008550/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-008550

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