GMPW Give Me Power Corporation (PK)

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.