19 January 2018
Clear Leisure Plc
(“Clear Leisure” or “the
Company”)
Bitcoin Mining
Investment Update
Clear Leisure (AIM: CLP) is pleased to announce that, following
its notification on 27 December 2017
regarding the Company’s investment in Miner One Limited, a
blockchain data centre operator, it has completed the acquisition
of the first batch of computer “miners”, representing 20% of the
planned final computing power, and has acquired the mobile unit in
which the IT infrastructure will be housed.
Negotiations with an established power supply provider in
Serbia, are at an advanced stage and it is expected that the first
batch of miners will be operational by the second half of
February 2018.
An order for additional miners has been placed with a leading
manufacturer and will be dispatched as soon as practical, albeit
that extremely high demand for Bitcoin mining ASIC computers is
affecting delivery schedules worldwide.
As notified on 27 December 2017,
Eufingest, the beneficial holder of 27.81 per cent of the ordinary
share capital of the Company, agreed to lend Clear Leisure €200,000
to fund the Company’s 50% share of the Miner One Limited
joint-venture’s mining blockchain data centre: the first tranche of
€50,000 has now been released by Eufingest.
-ends-
For further information please
contact:
Clear Leisure
Plc
+39 335 296573
Francesco Gardin, CEO and
Executive Chairman
SP Angel Corporate Finance (Nominated Adviser & Joint
Broker) +44 (0)20
3407 0470
Jeff Keating / John Mackay / Charlie
Bouverat
Peterhouse Corporate Finance (Joint
Broker)
+44 (0) 20 7469 0935
Lucy Williams / Heena Karani
Leander (Financial
PR)
+44 (0) 7795 168 157
Christian Taylor-Wilkinson
About Clear Leisure Plc
Clear Leisure plc (AIM: CLP) is an AIM listed investment company
with a portfolio of companies primarily encompassing the leisure
and real estate sectors mainly in Italy. The focus of management is to pursue
the monetisation of all of the Company’s existing assets, through
selected realisations, court-led recoveries of misappropriated
assets and substantial debt-recovery processes. Under its existing
investment policy the Company can seek new investment
opportunities, in different sectors, including information
technology. For further information, please visit,
www.clearleisure.co.uk