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

Tags:

electrical-discount listed on couponmatrix.ukinto-the-blue listed on couponmatrix.ukpockets listed on couponmatrix.ukqd-stores listed on couponmatrix.ukrobert-dyas listed on couponmatrix.ukthetrainline-com listed on couponmatrix.uk
electrical-discount listed on couponmatrix.ukWelcome to electricshop.com, the online Electrical Superstore where you can buy the latest top brand electrical appliances at the best possible prices. By buying from electricshop.com you can save up to 30% off typical High Street Prices and have the goods delivered free and direct to your doorstep anywhere within the UK mainland. The company prides itself on the consistency and quality of its product range, its ability to react quickly and the quality of service it delivers to its customers. So whether you’re looking for the very latest high definition television or a new washing machine or cooker we are the place to shop!
into-the-blue listed on couponmatrix.ukInto the Blue is a fantastic adrenaline-pumping experiences company founded in 1996, and it is the perfect place to book your next activity. We've got Into the Blue discount codes for all kinds of activities, from skydiving and bungee jumping to white water rafting and zip lining. So whether you're looking for a bargain or just some inspiration, Into the Blue has got you covered! At Groupon, we work hard to find the best discount codes and deals for our users. We partner with Into the Blue, to bring you exclusive voucher codes that can save you money on your next experience. Whether you're looking to jump out of a plane or explore the underwater world, we've got you covered.To redeem a discount code, simply enter the code at checkout when booking your Into the Blue experience. Be sure to check the terms and conditions of the code before using it, as some codes may have expiration dates or other restrictions. Happy savings! One of our most popular Into the Blue experiences is scuba diving. If you're looking to explore the underwater world, be sure to check out our Into the Blue voucher codes for great deals on scuba diving courses and trips. With our Into the Blue discount codes, you can save big on your next scuba adventure. So what are you waiting for? Get exploring!
pockets listed on couponmatrix.ukMen with an eye for the exquisite will love a little Pockets clothing in their wardrobe. Sporting a collection of men’s designer threads from high-profile brands like Lacoste, Belstaff and Ralph Lauren, imagine the amount you can save when you shop smart using a Pockets discount code. Backed by a beautiful array of designer shoes, accessories and smart wear, nothing makes you feel quite as fancy as a fresh outfit from Pockets. At Groupon, we understand that saving money is important to our customers. That's why we work hard to find the best discount codes for Pockets products.We search the internet for discount codes and share them with our customers. We also offer a variety of ways to save money, including coupons and deals. If you're looking for ways to save money on Pockets products, Groupon is a great resource. We'll help you find the best discount codes and deals so you can save money on your next purchase. Smart up in the snazziest shirts for your next social occasion with Pockets and you’ll be the most high-class man in attendance. Be it from the designers at Hugo Boss or Paul Smith, you can save up to a triple-digit figure by making the most of any Pockets promo currently running. Shop a sleeve size by the season and start setting trends wherever you travel with Pockets superior shirts.
qd-stores listed on couponmatrix.ukQD Stores offers quality lifestyle goods at unbeatable prices. Representing the very best in value retailing, QD Stores are loved throughout the East of England, and now on the internet, for the rest of the UK to enjoy. Fill your shopping trolley with everyday bargains with a QD discount code from us and stock up your cupboards with top brands for less. Switch up your weekly shop with a trip to QDStore.co.uk and put those hard-earned pennies back in your pocket.
robert-dyas listed on couponmatrix.ukIf you're looking for a one-stop shop for all of your kitchen and garden needs, look no further than Robert Dyas. It stocks the best appliances and home essentials - and with a Robert Dyas discount code from us, finding that perfect bargain is easy. Whether you are looking for an incredible discount on garden furniture or that once in a lifetime deal on electrical kitchen products, you'll want to check out these amazing deals and benefit from those savings.
thetrainline-com listed on couponmatrix.ukLooking to provide easy access to cheap train tickets to customers across the UK, trainline was formed as a way to provide customers a way around growing train fares throughout the country. This accessibility also extends across the channel to Europeans routes spanning from the cobbled streets of Rome to the scorching sands of Madrid. With a trainline discount code you can bag a bargain on the busiest routes and ensure both you and your wallet are satisfied with your travel plans.