Kona Gold Solutions, Inc. Creates Wholly Owned Subsidiary Company to Aggressively Pursue Cryptocurrency Mining
January 08 2018 - 9:17AM
InvestorsHub NewsWire
Kona
Gold Solutions, Inc.
Creates Wholly Owned Subsidiary Company to
Aggressively Pursue Cryptocurrency
Mining
New
Subsidiary will focus on mining of Bitcoin and other
Cryptocurrencies
Rockledge, FL January 8, 2018 (GLOBE NEWSWIRE) -- Kona Gold
Solutions, Inc. (OTC Pink:
KGKG), a hemp lifestyle brand focused on product development in
the functional beverage sector, has announced its strategy to
diversify by creating a new, wholly owned technology focused
subsidiary, Bithive Mining, LLC, to aggressively pursue cryptocurrency mining of
Bitcoin and other cryptocurrencies. Bithive Mining will have dedicated personnel and
this new initiative will have no impact on Kona Gold Solution’s
primary business in the functional beverage sector.
The company will bring its first
cryptocurrency mining rigs online in the first quarter of 2018,
which will operate on a 24/7 basis.
“The world is
currently witnessing two explosive markets taking place in the hemp
and crypto currency industries and we are excited to announce the
company will be a player in both,” stated Robert Clark, CEO of Kona
Gold Solutions, Inc. “I
have been involved in crypto currency since 2011, the early days of
Bitcoin, and after discussing with our team and advisors, we have
made the strategic decision to create a subsidiary solely dedicated
to crypto currency mining on a 24/7
basis.”
Clark continued, “We
will be working with experts in the field to create dedicated
mining rigs, with our first coming online during the first quarter
of 2018. Our goal is to
have a ROI within a couple of months and pure profit thereafter
from mining several different crypto currencies.
In the coming months, we will be
making announcements pertaining to our crypto currency
initiative.”
For more information
regarding Kona Gold Solutions, please
visit:
http://www.konagoldhemp.com
https://www.facebook.com/konagoldhemp
https://twitter.com/konagoldhemp
https://www.instagram.com/konagoldhemp/
Kona Gold Solutions,
Inc.:
Kona Gold Solutions,
Inc. has created Kona Gold LLC, a Delaware Corporation, which has
developed a premium Hemp Infused Energy Drink line, Energy shots,
and Apparel; please visit the Company’s new website
at www.konagoldhemp.com.
The Company is located on the east coast of Florida in Rockledge,
FL.
Safe Harbor
Statement:
The information posted
in this release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
You can identify these statements by use of the words "may,"
"will," "should," "plans," "expects," "anticipates," "continue,"
"estimate," "project," "intend," and similar expressions.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected or anticipated. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in technology and methods of marketing, delays
in completing various engineering and manufacturing programs,
changes in customer order patterns, changes in product mix,
continued success in technological advances and delivering
technological innovations, shortages in components, production
delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's control.
Investor Relations
Contact:
investorrelations@konagoldhemp.com
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