BitFrontier Capital Holdings, Inc. (OTC PINK: BFCH) Provides Shareholder Update and Announces New Revenue Stream
October 25 2018 - 10:00AM
InvestorsHub NewsWire
Fredericksburg, VA. -- October 25, 2018 --
Investorshub NewsWire -- BitFrontier Capital Holdings, Inc.
(OTC PINK: BFCH) is excited to provide a shareholder update as the
Company draws closer to the construction and buildout of its first
cryptomining facility.
Including details related to the construction and
engineering of our first facility, the Company also wishes to
report details related to the share cancellation as well as
announcing plans for a hosting service whereby third party clients
may host cryptocurrency miners within our facilities in exchange
for a management fee.
The Company has been working closely with its engineering
team to complete a sitemap of the land where the first facility
will be located for ultimate submission to the city for approval.
As previously stated, management has met with city officials to
discuss the proposed tech center. The land is already properly
zoned which will accelerate the review of the project. Once the
sitemap and blueprints of the facility are submitted to the city
and approved, construction will begin immediately. These activities
are expected to be completed in November.
The Company will be making a deposit on the prefabricated
steel building once the site plans have been submitted to the city
so that the building is ready to ship to the site upon approval
from the city.
Additionally, the intended share cancellation is
progressing through the court system smoothly and management
expects that the shares in question will be officially cancelled in
the near future. The Company has had no response from any
defendants at this point. BitFrontier will provide additional
details on the status of the court case as they become
available.
With construction of the first facility nearing, the
Company has announced plans to provide a hosting service for third
party clients that wish to enter the cryptomining industry without
the capacity to build a specialized facility or have the
equipment/personnel to maintain one. BitFrontier will offer highly
specialized data center services for cryptomining, including
hosting, electricity, cooling, maintenance, setup and
security, and more, including especially low rates for electricity,
which reduces client costs and is a major competitive advantage in
the marketplace.
In addition to the above strategy, the Company will still
be purchasing and operating its own miners as well, however with
the vast amount of datacenter space soon available, this will
provide additional revenue for the Company with minimal additional
capital outlay.
About BitFrontier Capital Holdings, Inc.
BitFrontier Capital Holdings is a blockchain-oriented
Company focused on the cryptocurrency markets. The Company plans on
expanding operations in the Bitcoin mining industry and management
sees great potential in this rapidly expanding sector. Bitcoin
mining is the process by which transactions are verified and added
to the public ledger, known as the blockchain, and also the means
through which new Bitcoins are released.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein,
the matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's reports and filings
at https://www.otcmarkets.com/
Certain statements contained in this release that are not
historical facts constitute forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995,
and are intended to be covered by the safe harbors created by that
Act. Reliance should not be placed on forward-looking statements
because they involve unknown risks, uncertainties and other
factors, which may cause actual results, performance or
achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as
estimates, anticipates, projects, plans, expects, intends,
believes, should and similar expressions and by the context in
which they are used. Such statements are based upon current
expectations of the Company and speak only as of the date
made.
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BitFrontier Capital Holdings Investor Relations540-736-3069 IR@bitfrontiercapitalholdings.com
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