MGT Capital, run by John McAfee, will start to mine Ethereum
Picture: John McAfee
MGT said Friday that it reached an agreement with Bit5ive LLC to buy up to 60 graphics processor-based mining computers to help mine for ether.
“We are more convinced each day of the growth and value of digital currencies, and our Company is uniquely positioned to be a leading provider of processing power to relevant blockchains,” McAfee said in the statement.McAfee’s foray into the cryptocurrency space comes at a time when others have been sounding the alarm after a huge run-up in prices. In early June, billionaire Mark Cuban said it was evident that bitcoin was a bubble by tweeting that “when everyone is bragging about how easy they are making $=bubble.”
Cybersecurity is where McAfee made his mark as the founder of the anti-virus company that bears his name. But McAfee has more recently started to tout cryptocurrencies.
“We are more convinced each day of the growth and value of digital currencies, and our Company is uniquely positioned to be a leading provider of processing power to relevant blockchains,” McAfee said in the statement.
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