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

deramores listed on couponmatrix.ukfacetheory listed on couponmatrix.ukjura-watches listed on couponmatrix.uklitecraft listed on couponmatrix.ukpet-plan listed on couponmatrix.uktomtom listed on couponmatrix.uk
deramores listed on couponmatrix.ukA hearty home for welcome weavers, Deramores is your one-stop shop for all your knitting needs. With a Deramores discount code you can keep yourself supplied with a wealth of knitting fabrics and yarns whilst saving a pretty penny in the meantime. Avid learners can also keep stimulated with an array of helpful books and sewing patterns, with skill levels varying from beginners’ challenges to colossal tasks for kneading experts.
facetheory listed on couponmatrix.ukAllow the facetheory beauty range to get under your skin with its simple yet highly effective products that don’t cost the earth. Scroll your way to a facetheory discount code from us to cut the cost of skin-perfecting lotions and potions, designed to suit a wide range of needs. Whether you’re looking to hydrate, exfoliate or simply capture a sunkissed glow, facetheory offers clean formulas that actually work for wallet-friendly prices.
jura-watches listed on couponmatrix.ukAs the UK's largest online luxury watch shop, Jura Watches set a precedent for both variety and quality. Downsize a designer price tag with a Jura Watches discount code from Groupon and walk away with a stellar saving on the likes of Armani, Hugo Boss and Swarovski. So if you need to replace a broken strap, want to upgrade to a smart device or simply looking for a shiny replacement for your old wristwatch, surprise yourself with the savings available at Jura.
litecraft listed on couponmatrix.ukSee the difference a few new fixtures can make to your home at Litecraft, specialists in providing electrical illumination in every shape and form. Even those looking to replace the odd bulb or add a Stanley outdoor light to their porch can use a Litecraft discount code to knock the cost of their investment. With a regularly changing clearance range, weekly deals and frequent product giveaways throughout the year, it’s easy to see why Litecraft lights up so many lives.
pet-plan listed on couponmatrix.ukKeep your furry friends happy and protected with Petplan, the pet insurer that’s kept animals safe and their owners' finances secure for over four decades by ensuring 98% of their lifetime policy claims are paid. Whatever policy you choose from the UK's number 1 pet insurer, put the price of your plan down to size with a Petplan discount code and join the family of over 1.3 million protected pets for less. With no added fees for claiming and dozens of awards under their belt, it's of little surprise that Petplan remains one of the most trusted pet insurers - with over 90% of their customers renewing their policies each year.
tomtom listed on couponmatrix.ukFinding your way in life has never been easier with TomTom's range of GPS products and with the TomTom voucher code your head won't get lost in extortionate costs. TomTom empowers movement by developing innovative products that make it easy for people to keep moving towards their end goal. Best known for being a global leader in navigation and mapping products, TomTom also creates GPS sports watches, as well as state-of-the-art fleet management solutions and industry-leading location-based products. Our business consists of four customer-facing business units: Consumer, Automotive, Licensing and Telematics.