$JPOTF Jackpot Digital @$.05 Buying Big Miners in Romania/Canada: I would like to share:
1) First the NR:
Jackpot Enters Into an LOI for the Creation of a Cryptocurrency Affiliate Jan 4, 2018:
https://ceo.ca/@fscwire/jackpot-enters-into-an-loi-for-the-creation-of-a-cryptocurrency
- The Assets include existing cryptocurrency Electrium mining operations located in a former NATO storage facility in Budapest, Hungary which have grown over the last year to over 180 cryptocurrency mining rigs.
- the Seller Group’s management and operating team will assume the direction of Electrium
- plans to significantly scale-up and expand into new facilities in Quebec, Canada.
2) I found Electrium Mining website (And info on CEO: Andrew Szabo): http://www.valhalla-mining.com/
"Andrew G. Szabo, CEO, launched his first internet company in 1996. He co-founded Date.com. Andrew co-founded Valhalla Mining in 2017 and is overseeing the development of artificial intelligence components of Electrium.”
3) I found an old url using way back machine internet archiver from June 2017: https://web.archive.org/web/20170625103531/http://www.valhalla-mining.com:80/results/
They have 180 rigs, therefore:
From the old url page, which was used as a sales page to sell their mining services:
1) they mine bitcoin.
2) in June 2017, one machine was able to mine 0.47425 Bitcoin
3) So at today's bitcoin value ($15,000) it would equal approximately $7100 USD.
4) 180 machines then would amount to $1.28million per month, yearly $15.36Million
5) Total Net Mining Results are calculated with the deduction of management fee
6) $JP market cap is $19Million at the moment.
4) Saw the following forward looking statements on Electrium site also: "The Future of Electrium is Beyond Mining"
Starting 2018:
1) Rigs ordered. Quebec, Canada data center to open Q1/2018
2) 4631 rigs operational Q2/2018
3) First bitcoin ATM placed Q2/2018
4) Trading platform launched / B2B/B2C Q3/ 2018
5) 15,000 rigs operational Q4 / 2018
6) 32,000 Rigs operational Q4 / 2019
7) launch lending business Q4 / 2019
8) launch crypto investment banking, acquire blockchain technologies, lead mining consolidation, target 80K rigs Q4 2020.
Here is a snapshot: http://cdn.ceo.ca/1d59hsr-future-of-electrium-is-beyond-mining.jpg
This is an interesting find! It certainly is an aggressive plan. 80K rigs is a lot!
Hope it all works according to plan!
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