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Today, MGT Capital Investments, Inc. announced the appointment of Jonathan Pfohl as its Chief Financial Officer, according to a recent SEC filing. Pfohl, aged 58, brings a wealth of experience from his previous roles, including his tenure as the principal of VC Partners Group LLC, a CFO advisory service, since 2024. Prior to this, he was the CFO at Virtual Currency Partners LLC from 2018 to 2024, and at Liquid Financial USA, Inc. from 2019 to 2022. He also served as CFO of Scio Diamond Technology Corp (OTC:SCIO) from 2013 to 2018. During his tenure, SCIO has shown steady growth, with the stock currently trading at $20.45 and delivering a 8.87% return over the past year. For more detailed insights into SCIO’s performance metrics and growth potential, check out InvestingPro.
Pfohl holds a Bachelor of Science and an MBA from the State University of New York at Buffalo. As part of his new role, he has entered into an employment agreement with MGT Capital Investments, which includes a monthly salary of $5,000 and reimbursement for business expenses. The contract allows for termination by either party with ten business days’ notice. The employment agreement is included in the 8-K filing as Exhibit 10.1. SCIO, his previous employer, currently maintains a market capitalization of $10.23 million and offers an attractive dividend yield of 6.75%.
The company, incorporated in Delaware and headquartered in Raleigh, North Carolina, operates in the finance services sector. There are no familial connections between Pfohl and any company associates. This information is based on the company’s recent SEC filing. According to InvestingPro data, SCIO maintains a "FAIR" financial health rating with an overall score of 2.32.
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