Current Report Filing (8-k)
March 03 2021 - 3:52PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
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Date
of Report (Date of earliest event reported):
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March 3, 2021
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GIVEMEPOWER CORPORATION
(Exact name of registrant
as specified in its charter)
Nevada
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File Number: 333-67318
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87-0291528
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(State of incorporation)
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(Commission File Number)
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(IRS
Employer Identification No.)
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370 Amapola Ave., Suite 200A,
Torrance, CA 90501
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(Address of principal executive
offices) (Zip Code)
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(310) 895-1839
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(Registrant’s telephone number,
including area code)
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Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER
EVENTS
On
March 3, 2021, we entered into a non-binding letter of intent with Energy
Structuring, Inc., a Nevada corporation, to acquire all of the issued and
outstanding shares of common stock of BITCENTRO, its crypto currency mining
operation located in Canada, in consideration of $2,800,000, payable as
follows: $500,000 in cash and $2,300,000 in common stock of company. Pending a
definite purchase agreement, the purchase price could be adjusted to $3,050,000
with payments adjusted as follows: $500,000 in cash and $2,300,000 in common stock
of company.
BitCentro
currently operates a 94 mining-units operation netting about $850 USD daily or
$25,000 + monthly. The project is housed in a container with security and is
over built in order to increase the number of units by 70 to max out just over
180 miners. The business is currently mining Etherium using GPU miners and it
has positive cash flow from current operations. With additional 70 new units,
BitCentro plans to double its revenue and ensure that the 70 new additional
units are ASIC miners for mining Bitcoin. BitCentro believes that crypto
mining in Canada, where the operation is located, is a competitive advantage
because Canada’s one of the jurisdictions with the cheapest energy cost in the
world.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
GiveMePower
Corporation
Dated:
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March
3, 2021 By:
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/s/
Frank I Igwealor
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Frank
I Igwealor, CPA, JD, CMA, MBA, CFM, MRSM
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President
and CEO (Principal Executive Officer, Principal Financial Officer, Principal
Accounting Officer, Treasurer and Secretary)
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