DORAL, FL--(NewMediaWire - Oct 23, 2017) - Santo Mining
Corp. (the "Company"), (OTC PINK: SANP) is pleased to announce
it has initiated its first orders of crypto currency mining
systems. The company has ordered 100 model Antminer S9 crypto
currency mining systems made by Bitmain Technology Co., Ltd.;
delivery of the fist batch order will be in 30-45 days. The
company estimates that due to high global demand of the Antminer S9
model, total delivery of 100 Antminer S9 models will be completed
by mid first quarter of 2018. Independently as the company
receives its orders, the machines will be configured and initiated
to start mining.
The company is currently also in communications with Shenzhen
Halley Cloud Technology Co., Ltd., developers of the Panda B3 Plus
and the Panda B5 Plus crypto currency mining systems and
Innosilicon Technology Co., Ltd., developers of the A5
Dashminer.
Rolf Bansbach, CTO of Santo Mining, stated, "Diversification of
mining platforms are essential for the crypto currency mining
strategy of the company; each system is unique in what crypto
currency coin base systems it mines and there are many crypto
currencies like Ether, Dogecoin and Lite Coin just to name a few,
that offer us the same or more returns for working and solving
transactions."
Matthew Arnett, CMO of Santo Mining, stated, "We have gone
though many changes in the last 30 months; these changes have been
always focusing on bringing shareholder value and building a
company for all stakeholders. We are extremely happy to say
Santo Mining as a brand is here to stay; during the weeks to come
we will be focusing on brand identity and market awareness, to
resolve this identity crisis."
Franjose Yglesias, CEO of Santo Mining, stated, "We are still
currently in negotiations with Canoe Pool; the 19th National
Congress of the Communist Party of China held this month in
conjunction with many new regulations and uncertainties of crypto
currencies in China has created opportunities of study for the
group to strategically see how we will develop our cooperation and
how this cooperation will look down the road."
About Bitmain Technology Co., Ltd.
Founded in 2013, Bitmain Technologies, now among the world's most
recognizable Bitcoin companies, was established to develop and sell
the world's leading bitcoin miners using Bitmain's ASIC chip
technology. Starting with the Antminer S1, our task continuously
became more difficult as bitcoin's "difficulty level" kept rising.
We followed Moore's Law in this emerging field of ASIC chip design
and pioneered it, time and again. In May of 2016 we released the
Antminer S9, the world's first consumer-grade bitcoin miner based
on a 16nm process ASIC chip. This is also the world's most
power-efficient bitcoin miner, taking that title away from its
predecessor, the Antminer S7.
Bitmain is now among the most recognizable companies in the
cryptocurrency space and the proud parent of several brands, among
them Antminer, Antpool, and Hashnest, all of which are ranked
number one in their respective fields. Our machines and customers
are present in multiple locations in almost every country of the
world.
Headquartered in Beijing, with offices in Amsterdam, Hong Kong,
Tel Aviv, Qingdao, Chengdu, Shanghai and Shenzhen.
About Shenzhen Halley Cloud Technology Co.,
Ltd.
Panda is China's national treasure and that's why we name our brand
after it. We want to devote ourselves to providing the best mining
devices to you so that you will treasure us like we treasure pandas
in China. PandaMiner's team includes veterans and professionals in
microchip design, graphic card, internet commerce and capital
management fields. They are most capable of utilizing global talent
and resources. Founded in 2016, PandaMiner is head-quartered in
Shenzhen. Based on geographic advantages, we've gathered top level
professionals and production resources that support our core
competence. We are aiming to make our company excel in the
cryptocurrencies mining industry.
About Innosilicon Technology Co., Ltd.
Innosilicon is a world class, innovative, fabless IP/IC design
company focusing on high performance PHYs and mixed signal IP. With
multi-national world class design teams in China and North America,
Innosilicon IP has helped many Tier-one companies to achieve rapid
SoC success (over 30 million chips in annual production) through
our highly advanced products and services. Innosilicon's main
advantages are in providing: low cost, high-performance,
cross-foundry, fully customizable solutions combined with our award
winning customer design support. Our IP can be found in millions of
Mobile, multimedia and Consumer electronic devices such as:
tablets, cell phones, HD set-top boxes, TV, Camera, networking,
computing ICs that have achieved leading market shares. Presently
we support SMIC, TSMC and GF processes from 180nm to 14nm.
About Santo Mining Corp.
Santo Mining Corp, a publicly traded company in the
Over-the-Counter (OTC) market. It currently trades under the
ticker symbol SANP. From 2012 to 2015 SANP was an analog
mining company in Latin America focusing on gold mining. In
April of 2015 it merged with Cathay Cigars of Asia an online
bespoke cigar company focusing in the China cigar market, in
February of 2017 the company started developing grow pod using
remanufacture shipping containers. The company presently is
focusing exclusively in Digital mining of crypto currencies.
Forward Looking Statements and
Disclaimer
Statements made in this press release that express the Company or
management's intentions, plans, beliefs, expectations or
predictions of future events, are forward-looking statements. The
words "believe," "expect," "intend," "estimate," "anticipate,"
"will" and similar expressions are intended to further identify
such forward-looking statements, although not all forward-looking
statements contain these identifying words. Those statements are
based on many assumptions and are subject to many known and unknown
risks, uncertainties and other factors that could cause the
Company's actual activities, results or performance to differ
materially from those anticipated or projected in such
forward-looking statements. The Company cannot guarantee future
financial results; levels of activity, performance or achievements
and investors should not place undue reliance on the Company's
forward-looking statements. No information contained in this press
release should be construed as any indication whatsoever of the
Company's future financial performance, future revenues or its
future stock price. The forward-looking statements contained herein
represent the judgment of the Company as of the date of this press
release, and the Company expressly disclaims any intent, obligation
or undertaking to update or revise such forward-looking statements
to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statements are based. No information in this press
release should be construed as any indication whatsoever of the
Company's future revenues or results of operations.