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

cartridge-people listed on couponmatrix.ukfree-now listed on couponmatrix.ukkickers listed on couponmatrix.ukoliver-bonas listed on couponmatrix.ukparcelhero listed on couponmatrix.ukswitched-on-insurance listed on couponmatrix.uk
cartridge-people listed on couponmatrix.ukWhether you’re mass producing your CV, printing your PhD thesis, or just want to fill your home with photos of your cat, there’s nothing worse than when your printer runs out of ink! Thankfully, with your Cartridge People voucher code, you can stock up on everything from ink and toner cartridges to photo paper and stationery for less. With a straightforward interface which allows you to easily search for your printer manufacturer, make and model, finding the right product for your needs has never been easier.
free-now listed on couponmatrix.ukPair yourself up with the next ride home with the experts at FREE NOW, the European transport company that’s been connecting customers with licenced taxis for over ten years. Available in selected cities across the countries, you can make your convenience cheap to boot with a FREE NOW promo code from us. Hard night on the town, after-work party or a day out with the family, whatever your situation may be, let Free Now get you home.
kickers listed on couponmatrix.ukIt’s hard to name a footwear brand that’s captured the public’s imagination quite like Kickers. Devised in France in the early 1970s as the perfect accompaniment to denim, this brand featured fabric-inspired design ideas like contrast stitching and appliques in a semi-boot style - and just like jeans, they’ve never gone out of fashion. The Kickers discount code will let you get your hands on a pair for far less than you’d imagine and the rugged, premium design means they’ll withstand year upon year of regular use.
oliver-bonas listed on couponmatrix.ukWhether you're looking to fill out your wardrobe or replace it entirely, you can rely on Oliver Bonas to provide you with something stylish and long-lasting. Selling a diverse range of fashion, jewellery, accessories, furniture and homeware, there's plenty to save on with an Oliver Bonas discount code. Why not have a gander and pick out something new from the Bonas wardrobe to make your own? We guarantee there's something here to fill the gap in your household!
parcelhero listed on couponmatrix.ukSend your parcels in the smartest way possible with ParcelHero, and allow this delightful delivery service to save the day! Grab a ParcelHero discount code from us to cut the cost of sending gifts to your loved ones or sending out products to customers. You’ll soon find that superhero speed and efficiency doesn’t have to cost an arm and a leg! With reliable couriers like DHL, TNT and UPS on the books, you can count on ParcelHero to get your goods from A to B at a very pocket-friendly price.
switched-on-insurance listed on couponmatrix.ukExperts in supplying gadget and travel insurance to suit a wide array of devices and destinations, Switched On Insurance has a long history of supplying flexible policies for all kinds of customers. All you need is the latest Switched On Insurance promo code to cut the cost of some comprehensive cover. Whether you want your phone and laptop protected from damage or yourself secured from possible travel disruptions while backpacking, Switched On Insurance will ensure you need not worry about any unexpected outcomes.