$SANP BITCOIN MERGER. LI ANG (BITMAIN Technologies Ltd,) DD
Sichuan, China -- October 02, 2017 -- InvestorsHub NewsWire -- Chongqing Yuhuan Technology Co., Ltd., operating as Canoe Pool and Santo Mining Corp., operating as Podwerks (OTC: SANP), a manufacturer of modular container units servicing the U.S., today announce the signing of a letter of intent ahead of executing a definitive agreement to merge the two companies.The merger will result in a new entity called Canoe Pool America, focused on developing and expanding the U.S. operations for Canoe Pool’s bitcoin mining operations
Once the merger agreement has been executed Canoe Pool is to receive 150 million shares of SANP preferred stock, representing 35% of SANP post-merger stock. An additional 50 million shares of preferred stock will be issued upon achievement of certain Bitcoin mining milestones, for a total of up to 40% of SANP post-merger stock. Canoe Pool will be given three director slots to the SANP Board of Directors. The transaction is expected to be finalized within the next 4-6 weeks.
$SANP right now is currently at the most undervalued price considering that LI ANG is great friends with JIHAN WU (Co founder of BITMAIN Technologies LTD.)
in the latest PR released today October 2nd 2017 by CEO of Canoe Pool and partner with Bitmain LI ANG states: https://ih.advfn.com/p.php?pid=nmona&article=75771055
Canoe Pool has been experiencing rapid growth with two state-of-the-art mining facilities in central and northwest China. Their latest mining farm in Xinjiang, China is a partnership with Beijing-based Bitmain Technologies Ltd., The Worlds Largest Bitcoin mining organization. Canoe Pool’s total hashrate potential is 700p
SKIP VIDEO TO 18:30 TO SEE BITMAIN OPERATION AND MINING FACILITY
The U.S. market presents a tremendous opportunity for us to grow into a Bitcoin mining powerhouse. We’re currently experiencing a U.S. led paradigm shift in acceptance of crypto currency markets through regulation. This is good news to the mining community in China looking to expand overseas. We are still facing great uncertainties at home about the future of digital currencies. Mining is not immune to it,” says Ang Li, Chairman and CEO of Canoe Pool. “Through our partnership with Podwerks we feel confident we can begin building our first mining pods by the end of the year. We look forward to working together and generate more profits for our shareholder. After all, we will soon be a publicly traded company,” added Li.
Canoe Pool (Chongqing Yuhuan Technology Co., Ltd.), led by its founder Ang Li since 2013, is one of the fastest growing bitcoin mining companies in China with two large-size mining farms in Sichuan and Xinjiang, China; and with a total capacity of 75 thousand kilowatts, accommodating up to 50 thousand of the latest Bitmain S9 mining machines. Canoe pool has a total hashrate potential of 700P. Miners can choose between PPS or PPLNS payment systems with fees of 2% or 4%, accordingly. Canoe Pool currently supports Bitcoin Unlimited and represents 1.7% of the global crypto currency mining market share. More at https://www.canoepool.com
The current price of one S9 Antminer from BITMAIN runs around $1,265USD. Canoe POOl has 50,000 units of the latest S9 model which puts the total cost of all 50,000 units at = $63.2 Million
Bitmain was established in 2013 to develop and sell the world’s leading bitcoin miners using Bitmain's ASIC chip technology. Its initial bitcoin miner was Antminer S1 which was upgraded over time to match up to bitcoin’s “difficulty level.” In May of 2016, Antminer S9, the world’s first consumer-grade bitcoin and most power-efficient miner based on a 16nm process ASIC chip was released by Bitmain. The company is the proud owner of several brands, including Antminer, Antpool, and Hashnest, which are ranked number one in their respective fields. Bitmain is headquartered in Beijing, with offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu and Shenzhen. (Related reading, see: Bitmain's Data Center for Bitcoin Mining Is Nearing Completion)
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