BitFrontier Capital Holdings, Inc. Takes Delivery of its First Cryptomining Facility
March 29 2019 - 9:40AM
InvestorsHub NewsWire
Fredericksburg, VA -- March 29, 2019 -- InvestorsHub NewsWire --
BitFrontier Capital Holdings, Inc. (OTC: BFCH) announced today
that it has received its first Cryptomining facility and plans to
start construction in the near future.
The prefabricated steel warehouse is now onsite and ready to be
built. The sitemap for the land development has already been
approved and we are awaiting building permits from the city to
start construction.
The Company has already met with several foundation contractors
and is awaiting quotes to have the concrete slab poured as soon as
the building permits are obtained from the city, which is expected
any day now.
Spencer Payne, CEO of BitFrontier Capital Holdings, states,
“This is a very exciting time for the Company with the building
arriving and construction starting any day. We expect to be
operational during Q2 of 2019.”
Upon full buildout of the Company’s first Cryptomining facility,
we will be able to house 2,016 Bitmain s9j mining rigs per facility
consuming roughly 3 MW’s of electricity per facility.
The company will be posting pictures of the building, along with
proof of payment of the facility on its twitter page
at https://twitter.com/BitFrontierInc
About BitFrontier Capital Holdings, Inc.
BitFrontier Capital Holdings business plan is to concentrate on
cryptocurrency related investments and development opportunities
through cryptocurrency mining, investments in private and/or public
entities, joint ventures and acquisitions of blockchain related
companies. BitFrontier Capital Holdings has two wholly owned
operating subsidiaries, BitFrontier Capital Investments, Inc. and
BitFrontier Technologies, Inc. Through the Company's wholly owned
subsidiary, BitFrontier Technologies, Inc., the Company plans to
build a warehouse specifically designed for hosting cryptocurrency
mining equipment. Cryptocurrency mining (e.g. bitcoin mining)
entails running ASIC (application-specific integrated circuit)
servers or other specialized servers which solve a set of
prescribed complex mathematical calculations in order to add a
block to a blockchain and thereby confirm digital asset
transactions. A party which is successful in adding a block to the
blockchain is awarded a fixed number of digital assets in
return.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the
matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's reports and filings
at https://www.otcmarkets.com/
Certain statements contained in this release that are not
historical facts constitute forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995,
and are intended to be covered by the safe harbors created by that
Act. Reliance should not be placed on forward-looking statements
because they involve unknown risks, uncertainties and other
factors, which may cause actual results, performance or
achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as
estimates, anticipates, projects, plans, expects, intends,
believes, should and similar expressions and by the context in
which they are used. Such statements are based upon current
expectations of the Company and speak only as of the date made.
BitFrontier Capital Holdings Investor Relations
540-736-3069
IR@bitfrontiercapitalholdings.com
BitFrontier Capital (PK) (USOTC:BFCH)
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