BitFrontier Capital Holdings, Inc. Signs Agreement to Commence Pouring of Foundation for First Cryptomining Facility
May 13 2019 - 2:00PM
InvestorsHub NewsWire
BitFrontier Capital
Holdings, Inc. Signs Agreement to Commence Pouring of Foundation
for First Cryptomining Facility
Fredericksburg, VA. -- May 13, 2019 -- InvestorsHub
NewsWire -- BitFrontier Capital Holdings, Inc. (OTC:
BFCH) announced today that they have signed a contract to begin
pouring the foundation of its first Cryptomining facility.
The Company has been working with several contractors and has
already dug the footers for the foundation. The concrete contractor
the company has selected to pour its foundation has advised us that
they will begin with prep work on May 20th and anticipates the
foundation will be completed on May 27th.
As soon as the foundation is complete, the Company can begin to
assemble its first prefabricated steel warehouse which is already
on site. The company will be documenting the buildout process on
its twitter page at https://twitter.com/BitFrontierInc
As previously stated, the final hearing for the share
cancellation has been set for May 30th at 2:00pm Mountain Standard
Time. The complaint seeks to cancel 12,260,000,000 (12.26 Billion)
shares of Common Stock, 2 shares of Series A Preferred Stock, and
14,000,000 (14 Million) shares of Preferred B Stock, making up
almost 99% of BitFrontier's issued and outstanding shares of Common
Stock, and 100% of the issued and outstanding Series A Preferred
Stock and Series B Preferred Stock classes.
We appreciate the ongoing support of shareholders as we continue
to grow with the goal of becoming a leader in the Cryptomining
industry.
About BitFrontier Capital Holdings, Inc.
BitFrontier Capital Holdings business plan is to concentrate on
cryptocurrency related investments and development opportunities
through cryptocurrency mining, investments in private and/or public
entities, joint ventures and acquisitions of blockchain related
companies. BitFrontier Capital Holdings has two wholly owned
operating subsidiaries, BitFrontier Capital Investments, Inc. and
BitFrontier Technologies, Inc. Through the Company's wholly owned
subsidiary, BitFrontier Technologies, Inc., the Company plans to
build a warehouse specifically designed for hosting cryptocurrency
mining equipment. Cryptocurrency mining (e.g. bitcoin mining)
entails running ASIC (application-specific integrated circuit)
servers or other specialized servers which solve a set of
prescribed complex mathematical calculations in order to add a
block to a blockchain and thereby confirm digital asset
transactions. A party which is successful in adding a block to the
blockchain is awarded a fixed number of digital assets in
return.
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.
BitFrontier Capital Holdings Investor Relations
540-736-3069
IR@bitfrontiercapitalholdings.com
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