Kona Gold Solutions, Inc. Creates Wholly Owned Subsidiary Company to Aggressively Pursue Cryptocurrency Mining
January 08 2018 - 9:17AM
ADVFN Crypto 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 08, 2018
-- InvestorsHub
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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