MGT CAPITAL INVESTMENTS, INC.

Item 1.01 Entry into a Material Definitive Agreement.On March 16, 2023 MGT Capital Investments, Inc (the “Company” or “MGT”) entered into a Partnership Agreement (the “Partnership Agreement”) and a Property Lease Agreement (the “Lease Agreement, and together with the Partnership Agreement, collectively, the “Agreement”) with another cryptocurrency mining company (“Tenant”). The terms of the Agreement are summarized as follows.Pursuant to the Lease Agreement, the Company agreed to lease to Tenant portions of the Company’s six acre mining facility in Lafayette, GA in increments of up to 10 spaces that are 40 feet in length and eight feet in height each (“Spaces”), together with related utilities access including electricity of up to one megawatt (“MW”) per Space, for deploying mining equipment, in exchange for rental payments of £5,000 per Space per month (provided the Spaces are powered) and payment of the electricity costs and deposit requirements arising from the Spaces. In connection with the Lease Agreement, Tenant agreed to make an initial deposit of £228,913 for the initial electricity deployment for five MW.

In the event of electricity rate escalations in excess of an enumerated threshold, rental obligations will be suspended for up to a 30-day period wherein Tenant may determine whether to continue leasing the Space(s). Under the Lease Agreement, Tenant is also required to maintain insurance for the Space(s). The Lease Agreement provides certain other provisions that are standard or common of agreements of its type, including representations and warranties, limitations on liability, and indemnification, and force majeure, among others.Pursuant to the Partnership Agreement, the Company agreed to issue Tenant 500,000 shares its common stock per month for each rented Space (the “Monthly Issuances”), and to also issue an additional number of shares of common stock annually equal to 100% of the Monthly Issuances for the applicable year (the “Annual Issuances,” and together with the Monthly Issuances, collectively, the “Issuances”).

Further, pursuant to the Partnership Agreement, the Company provided Tenant with the option (the “Option”) to lend MGT up to £1 million evidenced by a convertible promissory note that is convertible into 25% of the Company’s outstanding common stock, assuming all £1 million is lent, on a pro-forma, post-issuance basis (the “Note”), together with an accompanying warrant to purchase 60% of the shares of common stock underlying the Note (the “Warrant”). The terms of the Note and Warrant would be substantially similar to the Original Issue Discount Secured Convertible Promissory Note and accompanying Warrant that were issued by the Company on or about September 12, 2022, as are disclosed in and filed as exhibits to the Company’s Current Report on Form 8-K filed on September 14, 2022. If the Option is exercised, the parties may elect to substitute the £1 million purchase price, in whole or in part, with equipment and infrastructure improvements to enable the Company to have access to up to an additional 10 MWs of electricity to the facility’s currently available electrical power capacity.

The Company’s facility currently has electrical capacity of up to 10 MW. The Agreement has a term of 24 months.The foregoing description of the Lease Agreement and the Partnership Agreement does not purport to be completed and is qualified in its entirety by the full text of such agreements, forms of which are filed herewith as Exhibits 10.1 and 10.2, respectively.Item 3.02. Unregistered Sales of Equity Securities.The information set forth in Item 1.01 of this Current Report on Form 8-K with respect to the Issuances and the Options is incorporated by reference into this Item 3.02 in its entirety.

The execution of the Agreement and the transactions contemplated thereby were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933 as a transaction not involving a public offering.Item 9.01 Financial Statements and ExhibitsExhibit Number Description10.1 Form of Lease Agreement10.2 Form of Partnership Agreement104 Cover Page Interactive Data File (embedded within the Inline XBRL document)(C) Edgar Online, source Glimpses

aberdeen-airport-parking listed on couponmatrix.ukbanner-buzz listed on couponmatrix.ukdirect-stoves listed on couponmatrix.ukestee-lauder listed on couponmatrix.ukthe-economist listed on couponmatrix.ukgossard listed on couponmatrix.uk
aberdeen-airport-parking listed on couponmatrix.ukBefore you jet off to a distant land, it's important to make sure your possessions back home are fully protected. At Aberdeen International Airport, parking your vehicle is easy, affordable and convenient. With options for both long and short stays, cut down travel costs with an Aberdeen Airport Parking discount code and enjoy your holiday with complete peace of mind. Safe, secure and completely flexible, get your holiday off to the best start with hassle-free parking at Aberdeen International Airport.
banner-buzz listed on couponmatrix.ukBannerBuzz is a leading provider of custom banners, signs and other marketing materials. They offer a wide range of products and services to help businesses promote their brand and reach their target audience. Ranging from table covers to custom flags and posters, you can find everything you need to make your business flourish at BannerBuzz. You can also use a trusty BannerBuzz discount code to save on your next purchase!
direct-stoves listed on couponmatrix.ukDirect Stoves have been adding the perfect finishing touch to thousands of character properties for over a decade now, bringing warmth, contemporary rustic style and truly authentic cooking facilities with range cookers, and multi fuel and wood burning stoves. Traditionally thought of as an indulgence that's out of reach for most, our Direct Stoves discount code lets you install one of these beautiful, functional and sought-after powerhouses into your home for far less than you ever dreamed possible.
estee-lauder listed on couponmatrix.ukEstee Lauder skincare and cosmetics harness the power of science, so you can achieve glowing results. From cleansers and masks to primers and lipsticks, Estee Lauder has a collection to suit every skin type and tone. Indulge in luxury for less with an Estee Lauder discount code and experience quality beauty like no other. Sculpt your style with Estee Lauder and start every day feeling and looking radiant.
the-economist listed on couponmatrix.ukAs one of the most popular current affairs publications, The Economist delivers quality journalism on politics, business, science and technology, as well as literature and the arts. Well-read across the globe, you can get your very own copy today for less with an Economist offer from us. Becoming “a political, literary, and general newspaper” from 1846, The Economist today makes for relevant, informative and thought-provoking reading.
gossard listed on couponmatrix.ukWe all know that when we look good, we feel good, particularly in the bedroom. Now, thanks to Gossard’s gorgeous range of premium lingerie, you can create a smouldering look with ease. Pick up a Gossard discount code and shop with one of the most distinguished lingerie brands in the world. Whether you’re looking to wow your partner or love the feeling of a sexy secret beneath your shirt, you’ll be sure to ooze confidence with every step when wearing an underwear set from Gossard.