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

british-gas-energy listed on couponmatrix.ukclear-chemist listed on couponmatrix.ukdino-falls-adventure-golf listed on couponmatrix.ukexmoor-zoo listed on couponmatrix.ukfetch listed on couponmatrix.uklooking4parking listed on couponmatrix.uk
british-gas-energy listed on couponmatrix.ukBelieve it or not, British Gas has been providing energy solutions to UK homes since before Queen Victoria was on the throne - and even before the invention of electricity! Starting life in 1812 as a gas company, British Gas has been (literally) lighting the way for British homes for over 200 years. Today, British Gas keeps over 11 million homes running and, with the latest British Gas Energy discount from us, you can benefit from energy tariffs which are fairly priced and easy to understand.
clear-chemist listed on couponmatrix.ukDiscover Clear Chemist, your trusted partner in health and well-being. At Clear Chemist, they believe in providing accessible and affordable healthcare solutions without compromising on quality. Whether you're looking for over-the-counter medications, skincare essentials, or vitamins and supplements, their extensive range of products caters to all your health needs. With a commitment to excellence and customer satisfaction, Clear Chemist strives to make your shopping experience seamless and enjoyable. And here's the health-conscious consumer's secret – unlock exclusive savings with a Clear Chemist discount code. Join us on a journey towards optimal health and vitality, where affordability meets excellence at Clear Chemist.
dino-falls-adventure-golf listed on couponmatrix.ukTest your swing and enjoy endless laughs at Dino Falls, the adventure golf course that pits your putting skills against 36 daring holes. Besting the many obstacles and challenges that the course offers is very affordable for individuals and groups alike, especially when you have a Dino Falls discount code ready to knock the cost of a day’s fun. Do away with dull greens and pit yourself against history’s mightiest monsters at Dino Falls Adventure Golf.
exmoor-zoo listed on couponmatrix.ukTo get a glimpse of the varied wildlife outside of our temperate climate, take a trip to Exmoor Zoo! Be it tropical birds, exotic amphibians or wallabies from down under, you can see animals of every variety whilst using an Exmoor Zoo discount code to visit for a fraction of the price. With legends of the Exmoor Beast still strong in the area, you could even visit the resident black leopard and see if the feisty feline lives up to the moniker.
fetch listed on couponmatrix.ukStock up on all of your pet essentials at Fetch. As Ocado’s online store designed especially for your furry friends, Fetch is your go-to for all of the food, toys and accessories you need to keep your precious pet happy and healthy. Make the most of a Fetch voucher code to save on your next shop - with these great deals, you can afford to splash out on a treat or two for your family’s best friend!
looking4parking listed on couponmatrix.ukLooking4Parking is an excellent price comparison service that helps you to find the best rates for parking at airports in the UK, Europe and beyond. Going on holiday doesn’t have to be on the pricey side when you knock a chunk off your expenses by saving with a Looking4Parking discount code from Groupon. Their massive list of airports around the world and the range of services that they compare means that you’ll be able to find the right parking service for you at exactly the price point you’ve been looking for.