SDBT, Subsidiary of SDT Holdings, Build a $10 Million Cryptocurrency Mining Facility in Quebec
February 08 2018 - 2:30PM
ADVFN Crypto NewsWire
Montreal, Quebec
-- February 08,
2018 -- ADVFN Crypto NewsWire -- SDT Holdings, Inc. / Wuhan
General Group (China), Inc. (OTC PINK:
WUHN) (the "Company"). The
Company announces today
that its subsidiary
SDBT will start
building
a $10
Million
Cryptocurrency
Mining
Facility North of Quebec
region.
This
is
an
exciting
time for
our enterprise from an investment
standpoint as Big Chinese
Miners like Bitmain
are Turning to Quebec
because of low energy cost and cold climate," "This is obviously
going to revolutionize our way
of thinking about currency." stated
Ramy Kamaneh, CEO of SDT Holdings, Inc.
Link
https://news.bitcoin.com/big-chinese-bitcoin-miners-are-turning-to-canada/
"We are currently
securing a scalable
up
to 100 000 sq. ft
warehouse with
30MW of
available power
which
will
provide the
space
and electricity
for
future expansion. We
are currently
in
discussion with key
hardware providers and joint ventures in the
project"
stated Ramy Kamaneh, CEO of SDT Holdings, Inc.
About SDBT
Strategic
Development of Blockchain
Technology
(SDBT)
is a
Quebec-based enterprise
that focuses on
large-scale
mining cryptocurrencies farm in its region while offering other
related services as well as the development of industrial
blockchain technologies with the purpose of facilitating its access
and adoption.
About SDT Holdings
SDT
Holdings, Inc. is a Montreal-based industrial technology holding
company that focuses on the development, production and
commercialization of its four
subsidiaries,
specialized in these areas: mining
electrification,
cryptocurrencies
/
blockchain,
industrial
batteries,
internet of
things and
artificial
intelligence for the
industrial market. Dedicated to supplying
quality, innovative technologies and battery
solutions, SDT Holdings
services the
transport,
mining,
agricultural,
industrial and
earthmoving
industries.
SDT Holdings, Inc
Publicly
traded company (OTC Pink: WUHN)
Website:
www.sdtholdings.com
For
further information contact:
Phone:
(514) 928-7368
E-mail:
info@sdtholdings.com
Safe
Harbour Statement - In addition to historical information, this
press release may contain statements that constitute
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements contained in this press release include the intent,
belief, or expectations of the Company and members of its
management team with respect to the Company's future business
operations and the assumptions upon which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future
performance, and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Factors that could cause these
differences include, but are not limited to, failure to complete
anticipated sales under negotiations, lack of revenue growth,
client discontinuances, failure to realize improvements in
performance, efficiency and profitability, and adverse developments
with respect to litigation or increased litigation costs, the
operation or performance of the Company's business units or the
market price of its common stock. Additional factors that would
cause actual results to differ materially from those contemplated
within this press release can also be found on the Company's
website. The Company disclaims any responsibility to update any
forward-looking
statements.
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