Nate's Food Co. Announces
Commencement of Bitcoin Mining And Initial Equipment
Huntington Beach, CA -- October 25, 2021 -- InvestorsHub
NewsWire -- Nate's Food Co. (OTC:
NHMD) is pleased to announce that it has commenced its Bitcoin
Mining Operations. Of the equipment acquired, approximately 500
terrahash (TH/s) has already come online and is mining. An
additional 1,000 TH/s is scheduled to come online shortly for a
total of 1,500 TH/s. We will provide updates on our twitter page
(https://twitter.com/natesmining) as the
additional terrahash becomes active and acquired.
The 1,500 Th/s is expected to generate revenues of approximately
$17,060 per month (or $568.95 per day). The Company's goal is to
acquire 25,000 TH/s over the next 18-24 months.
The Company is initially leasing equipment due to the current
extended delivery dates for new equipment, which is 4-6 months. The
Company is currently working with equipment manufacturers and
brokers to acquire new machines. Meanwhile, we will continue
leasing equipment to expedite our revenue inflows while we are
working on getting equipment installed at a permanent hosting
About The Nate's Food Co.
The Company operates a Bitcoin Mining
Company. Additional information is available by visiting company's
website at www.natesmining.com or on
twitter at https://twitter.com/natesmining.
Revenue related calculations. Please
note that the Company believes that any revenue related
calculations are accurate and based on factual information, there
can be no assurance that the Company will be able to achieve all
projections due to number of business-related factors, such as
power pricing, mining equipment availability, bitcoin mining
difficulty, bitcoin market pricing and other unforeseen issues in
deploying its mining rigs. You can
view update information on Bitcoin Mining by
Certain statements in this release constitute forward-looking
statements. These statements
include the capabilities and success of the Company's business and
any of its products, services or solutions. The words "believe,"
"forecast," "project," "intend," "expect," "plan," "should,"
"would," and similar expressions and all statements, which are not
historical facts, are intended to identify forward-looking
statements. These forward-looking statements involve and are
subject to known and unknown risks, uncertainties and other
factors, any of which could cause the Company to not achieve some
or all of its goals or the Company's previously reported actual
results, performance (finance or operating) to change or differ
from future results, performance (financing and operating) or
achievements, including those expressed or implied by such
forward-looking statements. More detailed information about the
Company and the risk factors that may affect the realization of
forward-looking statements is set forth in the Company's filings
with the SEC, copies of which may be obtained from the SEC's
website at www.sec.gov. The Company assumes no, and hereby disclaims
any, obligation to update the forward-looking statements contained
in this press release.
For more information:
Nate's Food Co.
Phone: (949) 341-1834